$2,600,000
$3,200,000
18.8%For more information regarding the value of a property, please contact us for a free consultation.
9,492 SqFt
SOLD DATE : 04/29/2025
Key Details
Sold Price $2,600,000
Property Type Commercial
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,492 sqft
Price per Sqft $273
Subdivision North Bal
MLS Listing ID 41058446
Sold Date 04/29/25
HOA Y/N No
Year Built 1960
Lot Size 0.349 Acres
Acres 0.35
Property Sub-Type 5 or More Units
Property Description
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.
Location
State CA
County Alameda
Rooms
Basement None
Interior
Interior Features Storage
Heating Natural Gas, Wall Furnace
Cooling Ceiling Fan(s)
Flooring Vinyl, Carpet
Fireplace No
Appliance Gas Water Heater
Laundry Coin Operated, Community Facility, Laundry Equip - Leased
Exterior
Total Parking Spaces 14
Building
Lot Description Regular, Landscape Front
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 77E160633,4
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
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