951-955 Karol Way - Apartments FOR SALE


San Leandro, CA 94577- Old San Leandro
$5,695,000 USD
707-363-2463
951-955 Karol Way, San Leandro, CA for Sale
$5,695,000 USD
Apartments - FOR SALE
1/17
null | 6% Cap Rate

951-955 Karol Way
San Leandro, CA 94577
Old San Leandro


HIGHLIGHTS

  • 19-unit multifamily property on a 37,200 SF lot with 30+ on-site parking spaces
  • Attractive unit mix of sixteen (16) 2BD/1BA units and three (3) 2BD/1.5BA townhome units
  • Extensive capital improvements, including a new TPO roof, copper plumbing, updated electrical, seismic upgrades, and vinyl dual-pane windows
  • 16 of 19 units renovated, minimizing near-term capital expenditures
  • Walking distance to Downtown San Leandro and the San Leandro BART Station with convenient access to I-580 and I-880
  • Additional income from on-site laundry with long-term upside through continued market rent growth

OVERVIEW

The Mitchell Warren Team is pleased to present 955 Karol Way, a well-maintained 19-unit multifamily property situated on a large 37,200 square foot lot in San Leandro. The property features an attractive unit mix of sixteen (16) 2-bedroom/1-bathroom units and three (3) 2-bedroom/1.5-bathroom townhome units, 16 of which have been renovated. A true turnkey asset, the property has benefited from extensive capital improvements, including a new TPO roof, copper plumbing, updated electrical, seismic upgrades, and vinyl dual-pane windows. The oversized lot provides 30+ on-site parking spaces, including three garages, and additional income is generated through on-site laundry. The property represents an exceptional investment opportunity in one of the East Bay's most established rental markets. 955 Karol Way is ideally located less than one mile from Downtown San Leandro and the San Leandro BART Station, providing residents with convenient access to Downtown Oakland, San Francisco, and Silicon Valley. The property also offers immediate access to Interstate 580, Interstate 880, and State Route 185, making commuting throughout the Bay Area seamless. Residents enjoy proximity to a growing collection of restaurants and retail, including Fieldwork Brewing Company, Paradiso Restaurant, Zocalo Coffeehouse, and the Safeway Shopping Center, along with neighborhood parks, schools, and everyday conveniences. Combining excellent transportation access with a vibrant downtown and strong rental demand, the property is well positioned in one of the East Bay's most established multifamily markets.

FOR SALE DETAILS

PRICE

$5,695,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

19

PRICE/UNIT

$299,737

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey Asset Near Downtown San Leandro

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,200 SF

ZONING

-

APN/PARCEL ID

076-0434-025-01

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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