5424 Saint Mark Ave - Apartments FOR SALE


Newark, CA 94560
$5,288,000 USD
408-438-0969
5424 Saint Mark Ave, Newark, CA for Sale
$5,288,000 USD
Apartments - FOR SALE
1/7
null | 5.44% Cap Rate

5424 Saint Mark Ave
Newark, CA 94560


HIGHLIGHTS

  • ?? Cash-Flowing 16-Unit Asset: All units are 2BD/1BA across 11,744 SF of rentable space
  • ?? Value-Add Potential: 4 units fully remodeled and 1 partially remodeled, with opportunity to increase rents through continued upgrades
  • ?? Prime Location & Access: Just minutes from I-880 and the Dumbarton Bridge
  • ?? Convenient Lifestyle Amenities: Close to shopping centers, restaurants, Newark Community Park, and Don Edwards Wildlife Refuge
  • ?? Family-Friendly Appeal: Located near reputable schools and community resources, ideal for long-term tenant retention

OVERVIEW

Magnify is pleased to offer 5424 Saint Mark Avenue, a compelling 16-unit investment opportunity in the heart of Newark, CA. Built in 1960, this cash-flowing asset features an efficient and desirable unit mix with all 2 bedroom 1 bath units, amounting to 11,744 rentable square feet. The building has undergone recent capital improvements, including four fully renovated units and one partially upgraded unit. The property sits on a large 22,751 SF lot offering ample space for tenants and maximizing rental appeal. With strong value-add potential, this asset is well-positioned for investors seeking both stable cash flow and long-term upside in a core Bay Area market. The property is located in a thriving East Bay neighborhood with direct access to Highways 880 and 84, providing seamless connectivity to the greater Bay Area. Finally, residents enjoy convenient access to local amenities such as Newpark Mall, Don Edwards Wildlife Refuge, and numerous parks, enhancing livability and supporting long-term occupancy.

FOR SALE DETAILS

PRICE

$5,288,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

16

PRICE/UNIT

$330,500

CAP RATE

5.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,751 SF

ZONING

R-M-1500, Newark

APN/PARCEL ID

092A-1010-055-01

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.