City Farm House & Units
5 Unit Apartment Building | $1,624,800 ($324,960/Unit) | 6.29% Cap Rate | San Leandro, CA 94578
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,624,800
- Property Type
-
Multifamily
- Square Feet
- 3,805 SF
Listing Contacts
David Wilhite
Verified Profile
- Property Info
Property Overview
Great Opportunity for Potential Investor and partial Owner Occupant Buyer. There are 4, 2 bedroom 1 bath units and one good size 2 bedroom 1 bath house, which has approximately 1,021 square feet of living area and garage on large .52 acre city farm like lot. Nice setting. Per Alameda County Planning Department with approved building permits and plans Buyer can build an additional Accessory Dwelling Unit on the property. All units on this property will be vacant by August 31, 2024. This gives the new owner the right to Fair Market Rents and better return on investment upfront. The house has a a garage with new roll up door and opener. There are 2 two car carports, detached two car garage and storage room, workshop on the property. Detached garage and storage room/workshop could bring in additional income. ALL FINANCIAL INFORMATION IS PROJECTED! There is plenty of room for parking vehicles, children play area or potential garden. There are a few fruit trees, well for irrigation on the property. Each unit has separate meters and sewer lateral to 4 units was replaced recently. Property will be shown to qualified Buyers. Please don't trespass on the property. This rare, unique property is priced assertively. Act now on this rare property that is great opportunity for Buyers! Call Listing agent with questions
Property Details
- Class
- C
- Year Built/Renovated
- 1957/1959
- Stories
- 2
- Units
- 5
Highlights
- Rare 4units and house on big 22,651 square foot city farm like lot. .52 acres.
- New Owner can get Fair Market Rents for units + garage and workshop upfront
- Per Alameda County Planning You can build another ADU on property with approved permits and plans
- Property has nice play area for children. There is room for a garden. Tenants have nice grounds to use.
- This property is great for Investors or Partial Owner Occupant Buyers.
- Property is priced assertively. Price below Appraisal by Tax Assessors Office
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