16111 Marcella Street

San Leandro, CA 94578

$4,430,000
Price
Beds
8,048 Sq. Ft.
$550 / Sq. Ft.
8,048
Sq. Ft.
$550
per Sq. Ft.

Description

Unique opportunity! 2 parcels (16045 Marcella / 80-54-27-7 & 16111 Marcella / 80-54-27-5), over 1 acre, marketed together - 11+ units (a triplex with a "bonus" office, 2 attached houses and 6 single family detached homes), all with excellent rental histories ... same owner for over 30 years ... upside rental potential plus possible future development opportunity on these lots ... triplex has a common laundry room with coin-op machines as well as a deluxe "bonus" room/office ... most house units have...Unique opportunity! 2 parcels (16045 Marcella / 80-54-27-7 & 16111 Marcella / 80-54-27-5), over 1 acre, marketed together - 11+ units (a triplex with a "bonus" office, 2 attached houses and 6 single family detached homes), all with excellent rental histories ... same owner for over 30 years ... upside rental potential plus possible future development opportunity on these lots ... triplex has a common laundry room with coin-op machines as well as a deluxe "bonus" room/office ... most house units have small backyards ... great appeal to tenants with pets ... country-like setting with fruit, nut & evergreen trees ... sewer laterals completely replaced and all roofs replaced within last 7 years ... triplex stairs and decks completely replaced with custom-designed wood & synthetic material surfaces ... brand new asphalt driving and parking surfaces on both parcels.
  1. Listed by Curtis Jenkins • DRE #00977870 • Curtis Jenkins, RE Broker

Property Details for 16111 Marcella Street

City
SAN LEANDRO
Dist Neighborhood Subdiv
ASHLAND
Building Type
Other
Property Sub Type
Other
Garage Spaces
0
Garage/Parking
Assigned Spaces, Attached Garage, Gate / Door Opener, Guest / Visitor Parking, Spaces per Unit - 1, Spaces per Unit - >1
View
Hills
Total # Parking Spaces
20

Location

Listing Courtesy of Curtis Jenkins, RE Broker, Curtis Jenkins, DRE #00977870
Add your commute
LISTING UPDATED: 03/15/2024 12:06 PM

Property Details for 16111 Marcella Street

StatusActive
MLS #40998221
Days on Compass659
Taxes$22,201 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units
Year Built1950
Lot Size1.02 AC / 44,430 SF
CountyAlameda County

Location

Listing Courtesy of Curtis Jenkins, RE Broker, Curtis Jenkins, DRE #00977870
Add your commute

Building Information for 16111 Marcella Street

Stories-Residences11Year Built1950Building Size-Lot Size1.02 AC / 44,430 SF

Payment Calculator

$26,026 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,176

Property Taxes

$1,850

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 16111 Marcella Street

Features
Feature Details
  • Flooring: Concrete Slab, Hardwood Floors, Vinyl
  • Laundry: Coin Operated, Dryer, Gas Dryer Hookup, In Laundry Room, Inside Unit, Laundry Equip - Owned, Washer, Washer/Dryer Hookups
  • Disability Features: Grab Bars
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: Ceiling Fan(s), Central 1 Zone A/C
  • Heating: Forced Air 1 Zone, Gas, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA: No
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Dryer, Garage Door Opener, Washer, Water Heater Gas, Window Coverings, Double Strapped Water Htr, Smoke Detector, All Public Utilities, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: No
  • Exterior: Composition Shingles, Dual Pane Windows, Stucco, Wood Frame
  • Lot Description: Level, Regular, Backyard, Chain Link, Front Yard, Paved
  • Lot Sq Ft Apx: 44430
  • Lot Size Square Feet: 44430.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 8048
  • Stories: 0.0
  • Year Built: 1950
  • Zoning: MULT
Location Details
  • Directions to Property: E 14th to 162nd to Marcella
  • FIPS Code: 06001
  • New Subdivision: No
  • Census Tract: 4339/1
  • Parcel Number: 80-54-27-5
  • Printed Neighborhood Rpt: Yes
  • Board ID: BAY EAST
Multi Family Information
General Details
  • All Units Have: Oven Range Free Standing, Refrigerator
  • Some Units Have: Deck, Dishwasher, Patio, Updated Baths, Updated Kitchen
  • Units Total: 11
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas
  • Financial Data Source: Owner
Income / Expense Details
  • Operating Expenses: Electric, Insurance, Maintenance/Repair, Miscellaneous/Other, Property Tax/Assessments, Trash Removal, Vacancy Factor, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 7
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Dining Room: No
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 754
  • Unit # 1 Rent: 1980
Unit 2
  • Unit 2 # Units This Type?: 2
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Dining Room: No
  • Unit # 2 Air Cond: No
  • Unit # 2 Fireplace: No
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit # 2 Approx SqFt: 525
  • Unit # 2 Rent: 1600
Unit 3
  • Unit 3 # Units This Type?: 1
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Dining Room: No
  • Unit # 3 Air Cond: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 3
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 2
  • Unit # 3 Approx SqFt: 1200
  • Unit # 3 Rent: 2650
Unit 4
  • Unit 4 # Units This Type?: 1
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 Dining Room: No
  • Unit # 4 Air Cond: Yes
  • Unit # 4 Fireplace: Yes
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 3
  • Unit # 4 # of Bathrooms: 2
  • Unit # 4 Parking Spaces: 2
  • Unit # 4 Approx SqFt: 1100
  • Unit # 4 Rent: 3400
Building Details
  • Additional Features-Misc: Balcony/Patio, Extra Storage, Lawn Sprinkler
  • Apx Lot Acres: 1
  • Inspection Reports Available: Preliminary Title Report, Subject to Lease
  • On Site Parking Description: Attached Garage, Garage Parking, Guest Parking, Spaces - Assigned, Space Per Unit - 1, Space Per Unit - 2, Boat Storage
  • Tot Ann Oper Exp: 47667.0
  • Total Deposits: 4200
  • Units - Other: Office(s) Included
Income / Expense Details
  • Annual Exp Year: 2022
  • Annual Gross Sched Income: $278,440
  • Annual Insurance Expense: $1,700
  • Annual License Expense: $510
  • Annual Maint Expense: $10,370
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $1,000
  • Annual Rent Income: $277,440
  • Annual Taxes: $22,201
  • Annual Util Expense: $7,810
  • Annual Vacancy: 5.0
  • Gross Income: $278,440
  • Gross Operating Actual Income: $278,440
  • Gross Rent Multiplier: $0
  • Net Operating Income: $230,773
Other Financial Information
  • Apprx Equity: 100.0
  • Cap Rate: 0.0
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
  • Other Loans: No
Additional Information
Additional Information
  • Fireplace: No

Property History for 16111 Marcella Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 16111 Marcella Street

Taxable ValueLand$161,379Additions$588,661Total$750,040
Tax Record2023$12,666 ($1,056 / month)
Home Facts
Total Finished SqFt4,937 SqFtAbove Grade Finished SqFt4,937 SqFtStories2Lot Size19,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1950CountyALAMEDAAPN80-54-27-5

Schools near 16111 Marcella Street

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
Public - 9 to 12
Rating
School
Distance
Hillside Elementary School
PublicK to 5

Edendale Middle School
Public6 to 8

San Lorenzo High School
Public9 to 12

East Bay Arts High School
Public9 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.

Similar Homes

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16111 Marcella Street is a multi-family home for sale in San Leandro, CA 94578. This property was listed for sale on June 17, 2022 by Curtis Jenkins, RE Broker, it's currently listed at $4,430,000. This listing's school district is San Lorenzo Unified School District. Nearby schools include Hillside Elementary School, Edendale Middle School and San Lorenzo High School. 16111 Marcella Street is a 0-bed, 0-bath, 8,048 sqft multi-family home built in 1950.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Curtis Jenkins, RE Broker, Curtis Jenkins, DRE #00977870

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.