www.3617sanleandrost.com; 4-unit mixed-use investment with excellent income upside and a variety of repositioning options. The current cap rate is 6.17% and the current GRM is 11.35 The offering includes a packaged sale of 3617 San Leandro St and 916 36th Ave in Oakland. 3617 San Leandro St is zoned for a light industrial and features one 2bd/1bth unit, one 1bd/1bth unit, a small retail space, and a large warehouse. The warehouse is connected to 916 36th Ave which is a tenant-occupied 2bd/1bth single-family home. The combined rental area for both buildings is 4,125 square feet with an approximate combined lot size of 11,350 square feet. The property is easy to manage and is separately metered for PG&E, with past tenants paying all water and garbage expense, providing for low future annual operating expenses. The entire property may be able to be delivered vacant with the exception of possibly one unit at 3671 San Leandro St. making this an ideal investment for an owner-user, investor, or extended family.
Property Details
Price:
$1,175,000
MLS #:
41071137
Status:
Active
Baths:
0
Address:
3617 San Leandro
Type:
Residential Income
Subtype:
Quadruplex
City:
Oakland
Listed Date:
Aug 27, 2024
State:
CA
ZIP:
94601
Lot Size:
11,350 sqft / 0.26 acres (approx)
Year Built:
1933
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Schools
Interior
Cooling
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Heating
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Exterior
Parking Features
Other
Parking Spots
10.00
Sewer
Public Sewer
Financial
Association Fee
0.00
Map
Community
- Address3617 San Leandro Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94601-3445
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Courtesy of The Pinza Group, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
3617 San Leandro
Oakland, CA
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