1461 150Th Ave, San Leandro, CA 94578
Property
Sold April 2025
Listing Agent: Joseph Owens (DRE #01707768) · Listing Office: Marcus & Millichap · Contact: 510-379-1200 · Bought with: Joseph Owens · Marcus & Millichap · MLS #41058446 · Source: CRMLS
About this property
Listing is for both 1461 & 1475 150th Ave in San Leandro. 1461 & 1475 150th consists of 14 total units, comprised of two seven-unit buildings on separate parcels. The two-story structures were built in 1960 and offer tenants 12 covered parking spaces, 2 surface parking spaces as well as a community laundry room. The building has been well maintained during the current ownership’s hold period spanning more than three decades. A new owner can unlock significant upside by modernizing the already well-maintained building exterior and common areas as well as renovating units to a modern style finish on unit turnover. Cap Rate: 5.77% (8.21% Market) / GRM: 11.32 (8.77 Market). Cash on Cash estimated at 2.96% in Year 1 to grow to an estimated 17.00% over 10-year hold.
Listing description from the April 2025 sale, as reported to CRMLS.
Sale history