Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
14741 Martell Avenue . Floresta Gardens - Bradrick , CA 94578
Two buildings of 7 Unit Apartment Building Offered at $2,149,000 at a 4.87% Cap Rate in San Leandro, CA. If you are interested in learning more about this deal please contact the listing agent ,The Pinza Group info@pinzagroup.com (510) 725-4775
Posted: 11/24/2020 2:30 pm
| On HOMEiZ: 1259 days |
Updated: 3 years ago
| Views: 485
Location Map
Property Type
Sold
Property Price
$2149000
$
N/A
0.24
Acres
$399
5383
Contact listing agent%
4.88%
$0
$104871
0.00
$0
1.25%
$26863
Property Location & Description
Two buildings of 7 Unit Apartment Building Offered at $2,149,000 at a 4.87% Cap Rate in San Leandro, CA. If you are interested in learning more about this deal please contact the listing agent ,The Pinza Group info@pinzagroup.com (510) 725-4775
Non Rent Control
Rare opportunity to own a well maintained apartment community in the hot San Leandro rental market. Combined, the properties contain seven units total, spread across two APN's with a great unit mix comprised of one 3bd/2bth unit, one 3bd/1bth unit, three 2bd/1bth units and two 1bd/1bth units. The properties are set back from the street on a large, over-sized lot with carports for each tenant and ample parking for guests. There is a common yard space where a covered barbecue area is being constructed.
Located about 11 miles south of Oakland, Floresta Gardens and Bradrick lie between the 580 and 880 freeways in the East Bay. Here, residents enjoy a quiet, suburban quality of life while being close enough to San Francisco and other East Bay cities to take advantage of jobs, restaurants and culture.
7
$307000
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
2
2.
2+1
3
3.
3+1
1
4.
3+2
1
5.
077C-1305-042-00 077C-1305-043-00
No Data
100%
Wood & Stucco
2
1959 Renovated 2019
Very good
Two Separate APN's Allow for 30 Year, Residential Financing Loans at Historically Low Rates
Over $30,000 in Yearly Rental Upside
Property Information
Sewer
Parking
On-street
Assigned Parking
7
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
Not in MLS
Listing Presented by
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