185 Belleview Dr - Apartments FOR SALE


San Leandro, CA 94577- Farrelly Pond District
$3,695,000 USD
510-725-4775
185 Belleview Dr, San Leandro, CA for Sale
$3,695,000 USD
Apartments - FOR SALE
1/46
null | 6% Cap Rate

185 Belleview Dr
San Leandro, CA 94577
Farrelly Pond District


HIGHLIGHTS

  • 100% Renovated Property - Over $1,000,000 Spent To Completely Transform Both Properties
  • New Kitchens and Bathrooms, Stainless Steel Appliances, Newer Cabinets, Wood Floors, Custom Lighting, & More
  • Separately Metered For Water and PG&E With In-Unit Water Heaters Providing for Low Annual Expenses
  • Walking Distance to a Variety of Restaurants, Coffee Shops, Shopping Options and Close to BART
  • Turn-key Property with Strong Current Income and Excellent Rental Upside

OVERVIEW

185 Belleview Dr and 350 Lafayette Ave are side-by-side apartment buildings with a total of 10 units and nearly 10,000 rentable square feet. 185 Belleview Dr offers five units with two 2bd/1bth units and three 1bd/1bth units and 350 Lafayette Ave offers five 2bd/1bth units. The current owner has spent over $1,000,000 to completely transform both properties and has spared no expense. All units have in-unit water heaters and annual expenses are low as all tenants are responsible for paying for water and PG&E. The units have all been extensively renovated with new kitchens and bathrooms including new cabinets, new countertops, custom molding and tile, new stainless-steel appliances, new hardwood floors, new interior paint, double pane windows, new exterior paint, new carpet and more. This is a perfect property for an investor seeking a turn-key property with zero issues, no deferred maintenance, and excellent long-term upside. The properties are located in one of the best rental locations near BART, restaurants, coffee shops, shopping, parks, and other forms of entertainment.

FOR SALE DETAILS

PRICE

$3,695,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

10

PRICE/UNIT

$369,500

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1943

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

075-0188-050-00

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.