755 Fargo Ave - Apartments FOR SALE


San Leandro, CA 94579- Washington Manor-Bonaire
$5,150,000 USD
650-546-1030
755 Fargo Ave, San Leandro, CA for Sale
$5,150,000 USD
Apartments - FOR SALE
1/36
null | 7.15% Cap Rate

755 Fargo Ave
San Leandro, CA 94579
Washington Manor-Bonaire


HIGHLIGHTS

  • 22 Single-Story Units on Large One Acre Parcel
  • Updated Electrical (New Siemens Main Panel Servicing Right-Side Building, ADU, and Duplex)
  • Two Newly Constructed ADU's (All Electric Units with Solar Roof)
  • Fourteen Remodeled Units (Nine Studios and Five One-Bedrooms
  • Sewer Laterals Servicing Studio Building, Right-Side Building, and Front Home are Replaced
  • New Roof on Studio Building and Duplex (Approx. Three Years Old)

OVERVIEW

BCG Multifamily is pleased to present 755 Fargo Avenue, a 22-unit multifamily community in San Leandro, one of the East Bay's most established and well located rental markets. Set on a nearly one-acre parcel, the property offers a diverse mix of studio, one bedroom, and two-bedroom units across multiple buildings, including two newly constructed accessory dwelling units (ADUs). Originally built in 1948 and improved through a recent capital program, the asset pairs durable, well-maintained construction with a highly desirable location. The property has a history of strong occupancy and consistent tenant demand, supported by its location, unit mix, and desirable single story layout. The current ownership has put real money into the property in recent years, including a new roof on the studio building, a replaced sewer lateral, upgraded electrical, solar serving the ADUs, and a number of renovated units. That investment leaves the next owner with fewer near-term capital concerns and a property positioned to perform reliably for years to come. With a well-maintained asset in a proven location, 755 Fargo Avenue offers a rare combination of stability today and the opportunity to build value over time.

FOR SALE DETAILS

PRICE

$5,150,000 USD

PRICE/SF

$479 USD /SF

# OF UNITS

22

PRICE/UNIT

$234,091

CAP RATE

7.15%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

RM-18, San Leandro

APN/PARCEL ID

080H-1515-001-00

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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