5464 St Mark Ave - Apartments FOR SALE


Newark, CA 94560 | 
$4,850,000 USD
408-438-0585
5464 St Mark Ave, Newark, CA for Sale
$4,850,000 USD
Apartments - FOR SALE
1/21
null | 5.51% Cap Rate

5464 St Mark Ave
Newark, CA 94560


HIGHLIGHTS

  • Excellent Unit Mix: (16) 2BD/1BA units with significant rental upside on a large 0.57-acre corner parcel
  • Four Permitted ADUs: Shovel-ready plans and approved building permits for four ADUs provide a clear path to additional income and value creation
  • Expense & Management Upside: Individual water meters allow water cost passed through to tenants, plus opportunity to reduce management overhead
  • Strategic Newark Location: ~10 minutes from Downtown Fremont with convenient access to I-880 and I-84/Dumbarton Bridge
  • Proximity to Major Employment Centers: ~15 minutes from Tesla Factory with excellent connectivity to the greater East Bay and Peninsula

OVERVIEW

Magnify is pleased to present 5464 Saint Mark Avenue, a 16-unit multifamily investment opportunity situated on a prominent corner parcel in Newark, immediately adjacent to Fremont. The property features an all 2BD/1BA unit mix totaling 11,600 SF on a large 0.57-acre lot, with significant rental upside through interior renovations and unit turnover. Shovel-ready plans and approved building permits to build four ADUs create a clear path to additional income and value. Additional highlights include dual-pane windows and individual water meters, allowing ownership to pass water costs through to tenants and providing protection from rising water expenses. Further upside exists through improved hands-on management, reduced management fees, and lower overhead expenses. Located within 1 mile of Fremont and approximately 10 minutes from Downtown Fremont, the property offers excellent connectivity throughout the greater East Bay and Peninsula, with convenient access to the I-84/Dumbarton Bridge, I-880, and the Tesla Factory only 15 minutes away. With a desirable unit mix, strong submarket, corner-lot positioning, and multiple avenues for NOI growth, 5464 Saint Mark Avenue presents an attractive opportunity for investors seeking current income and long-term value creation.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

16

PRICE/UNIT

$303,125

CAP RATE

5.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. Mark Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,868 SF

ZONING

RM

APN/PARCEL ID

092A-1010-051-01

ASK ABOUT THIS PROPERTY

David KatzMagnify EquityMore Info
408-438-0585

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David KatzMagnify EquityMore Info
408-438-0585

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