2727 Marina Blvd - Apartments FOR SALE


San Leandro, CA 94577
$9,988,000 USD
510-300-0218
2727 Marina Blvd, San Leandro, CA for Sale
$9,988,000 USD
Apartments - FOR SALE
1/3
null | 5.06% Cap Rate

2727 Marina Blvd
San Leandro, CA 94577


HIGHLIGHTS

  • Value add opportunity for 4 buildings on 1 parcel.
  • Major capital upgrades have been completed.
  • Off-street covered parking.
  • Swimming pool & on-site laundry facilitiy.
  • All electric units.
  • Attractive San Leandro location with nearby parks & recreational amenities.

OVERVIEW

Newmark is pleased to present the Port O’ Marina Apartments near the scenic San Leandro Marina. This well-maintained 38-unit apartment community consists of four apartment buildings and off-street covered parking on a single parcel. The community is a mix of generously sized thirty (30) one-bedroom and eight (8) two-bedroom units with on-site laundry facilities, swimming pool, and garden courtyards. Rarely do these assets come to market of this size in this area. The area also offers a wide variety of nearby amenities, parks, golf courses, bike and walking trails, and restaurants. On-site a laundry room is available, and 48 parking spaces are also available for residents. This is a fantastic and rare Value-Add opportunity. A recent property inspection and pest report are available. Situated near the scenic San Leandro Marina and a short walk to nearby destinations like the shoreline parks, golf courses, dining, and San Francisco Bay Trail, make the Port O’ Marina Apartments a highly desirable location. The property’s central location allows residents to easily access the Marina, BART, Highway 880, and Downtown San Leandro. San Leandro’s downtown offers a wide variety of restaurants, entertainment, and retail options.

FOR SALE DETAILS

PRICE

$9,988,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

38

PRICE/UNIT

$262,842

CAP RATE

5.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Port O Marina

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,670 SF

ZONING

7700

APN/PARCEL ID

079A-0565-035-13

ASK ABOUT THIS PROPERTY

Tom LimonNewmarkMore Info
510-300-0218

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Tom LimonNewmarkMore Info
510-300-0218

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