98 Dutton Ave - Apartments FOR SALE


San Leandro, CA 94577- Broadmoor District
$2,400,000 USD
415-310-0487
98 Dutton Ave, San Leandro, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/24
null | 5.76% Cap Rate

98 Dutton Ave
San Leandro, CA 94577
Broadmoor District


HIGHLIGHTS

  • Multiple Paths to Income Upside
  • ±18% Rent Growth Through 2030 in Supply-Constrained Submarket
  • Charming East Bay Neighborhood with Regional Connectivity

OVERVIEW

Berkadia is pleased to exclusively present the opportunity to acquire 98 Dutton (the “Property” or “98 Dutton”), a 10-unit multifamily community located within a vibrant and highly walkable San Leandro neighborhood with exceptional regional connectivity via the San Leandro BART station as well as Interstates 580 and 880. 98 Dutton is offered for sale at $2.4MM, with the opportunity to unlock an additional ±$385 per unit in monthly upside through the completion of interior renovations and the implementation of a utility billback program. Strategically positioned adjacent to Downtown San Leandro, the Property is insulated from future competition and positioned to benefit from the ±18% rent growth and ±30% average household income growth forecasted over the next five years – making 98 Dutton an exceptionally low-risk investment underpinned by strong fundamentals and enduring rental demand.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

10

PRICE/UNIT

$240,000

CAP RATE

5.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,283 SF

ZONING

R-5, San Leandro

APN/PARCEL ID

076-0279-012-00

ASK ABOUT THIS PROPERTY

Scott MacDonaldBerkadiaMore Info
415-310-0487

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

Scott MacDonaldBerkadiaMore Info
415-310-0487

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