1461 150th Avenue

San Leandro, CA 94578

$3,400,000
Price
Beds
9,492 Sq. Ft.
$358 / Sq. Ft.
9,492
Sq. Ft.
$358
per Sq. Ft.

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...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: 5.38% (7.66% Market) / GRM: 12.00 (9.32 Market). Cash on Cash estimated at 2.60% in Year 1 to grow to an estimated 15.03% over 10-year hold.
  1. Listed by Joseph Owens • DRE #01707768 • Marcus & Millichap

Property Details for 1461 150th Avenue

City
SAN LEANDRO
Dist Neighborhood Subdiv
NORTH BAL
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Spaces per Unit - 1
Total # Parking Spaces
14
LISTING UPDATED: 09/27/2024 05:09 PM

Property Details for 1461 150th Avenue

StatusPending Show For Backups
MLS #41058446
Days on Compass147
Taxes$57,742 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.35 AC / 15,200 SF
CountyAlameda County

Building Information for 1461 150th Avenue

Stories-Residences14Year Built1960Building Size-Lot Size0.35 AC / 15,200 SF

Property Information for 1461 150th Avenue

Features
Feature Details
  • Flooring: Vinyl, Carpet
  • Laundry: Coin Operated, Community Facility, Laundry Equip - Leased
Utility Details
  • Cooling: Ceiling Fan(s)
  • Heating: Gas, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Property Details
  • Additional Equipment: Water Heater Gas, Video System
  • City Transfer Tax: Yes
  • Exterior: Brick Veneer, Stucco, Wood Frame
  • Lot Description: Regular, Landscape Front
  • Lot Sq Ft Apx: 15200
  • Lot Size Square Feet: 15200.0
  • Roof: Flat
  • Sq Ft Apx: 9492
  • Year Built: 1960
Location Details
  • Directions to Property: On 150th Ave, east of E 14th St
  • FIPS Code: 06001
  • Census Tract: 433000/4
  • Parcel Number: 77E-1606-3-3,4
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 14
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas, Trash
  • Financial Data Source: Broker
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, Maintenance/Repair, Property Tax/Assessments, Trash Removal, Utilities, Vacancy Factor, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 6
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 600
  • Unit # 1 Rent: 2000
Unit 2
  • Unit 2 # Units This Type?: 8
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit # 2 Approx SqFt: 735
  • Unit # 2 Rent: 2300
Building Details
  • Additional Features-Misc: Extra Storage
  • Apx Lot Acres: 0
  • On Site Parking Description: Covered Parking, Space Per Unit - 1, Uncovered Park Spaces 2+
  • Tot Ann Oper Exp: 86662.0
Income / Expense Details
  • Annual Gross Sched Income: $283,683
  • Annual Misc Income: $375
  • Annual Rent Income: $283,308
  • Annual Taxes: $57,742
  • Gross Income: $283,683
  • Gross Operating Actual Income: $269,518
  • Gross Rent Multiplier: 12.00
  • Net Operating Income: $182,856
Other Financial Information
  • Cap Rate: 5.38
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1461 150th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1461 150th Avenue

Taxable ValueLand$248,362Additions$579,879Total$828,241
Tax Record2023$13,402 ($1,117 / month)
Home Facts
Total Finished SqFt4,746 SqFtAbove Grade Finished SqFt4,746 SqFtStories2Lot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyALAMEDAAPN77E-1606-3-4

Schools near 1461 150th Avenue

This home is within San Lorenzo Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Corvallis Elementary School
PublicK to 5

Edendale Middle School
Public6 to 8

San Lorenzo High School
Public9 to 12

KIPP King Collegiate High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Joseph Owens, DRE #01707768

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.