5424 Saint Mark Ave, Unit NEWARK Newark, CA 94560
16-unit apartment building near Fremont with value-add potential.
Property size:
11,744 SFProperty Features for 5424 Saint Mark Ave
General Information
- Standard status
- Active
- Size
- 11,744 SF
Building Details
- Year built
- 1960
Source:
Corcoran
Listing Agent: Eric Katz
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Newark Multifamily Investment Opportunity
Located in Newark, CA, at the border of Fremont, 5424 Saint Mark Avenue presents a 16-unit investment opportunity. Constructed in 1960, this multifamily property offers access to the East Bay's employment corridor. The building comprises all 2-Bed/1-Bath units, totaling 11,744 rentable square feet. Approximately one-third of the units have been upgraded with new flooring, appliances, and windows. The remaining units offer potential for value-add renovations. Situated on a 22,751 square foot lot, the location provides residents with proximity to employers such as Tesla's Fremont Factory and Silicon Valley's tech ecosystem. Highways 880 and 84 provide connectivity to job centers in Fremont, Palo Alto, and the Peninsula. This property offers in-place cash flow with future upside, supported by demand from Bay Area renters. The property is positioned at the intersection of tenant demand, connectivity, and regional employment drivers.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Alameda
- State
- California
- Longitude
- -122.0219871
- Latitude
- 37.5412466
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FAQs
What type of property is this?
Apartment building - 16-unit apartment building near Fremont with value-add potential.
Where is this apartment building located?
The property is located at 5424 Saint Mark Ave, Unit NEWARK Newark, CA.
What is the asking price?
The asking price for this property is $5,288,000.
What are key features of this property?
This property features: - Prime location near major employers like Tesla's Fremont Factory and Silicon Valley tech companies.; - Strong rental market with high tenant demand and future upside potential through value-add renovations.; - Excellent connectivity to Fremont, Palo Alto, and the Peninsula via Highways 880/84.