Six-Unit Apartment
6561 Graham Avenue Newark, CA 94560
6561 Graham Avenue, Newark, CA, 94560
$1,499,000
For Sale
$1,499,000
Six 2-bedroom, 1-bath units total approximately 4,392 square feet, with four currently occupied and two vacant.
Property Size4,392 SF
Price / SF$341.30
Days on Market19
Property Features for 6561 Graham Avenue
General Information
- Standard status
- Active
- Size
- 4,392 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
Elevate Group
(650) 388-0108
Listed by
Jim Holt · License #01728682
(650) 388-0108
Source
Exitrealty
Added: Jul 3 Updated: Jul 21 at 1:08PM Checked: Jul 21 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elevate Group
Investment Insights
Based on property information with market context.
This six-unit multifamily property includes six 2-bedroom, 1-bath units totaling approximately 4,392 square feet. The building currently has four occupied units, including three Section 8 tenancies, and two vacant units that may allow for immediate lease-up.
The offering is structured as a trustee sale and is being sold strictly as-is. The seller reports limited records regarding tenancy, leases, rents, expenses, maintenance history, and operations, and certain rent figures remain unverified. Operating expenses are also unknown, and any referenced expense figures are based on projected industry estimates only.
The physical condition of the property is unknown. Interested parties should conduct their own due diligence to verify all information.
The offering is structured as a trustee sale and is being sold strictly as-is. The seller reports limited records regarding tenancy, leases, rents, expenses, maintenance history, and operations, and certain rent figures remain unverified. Operating expenses are also unknown, and any referenced expense figures are based on projected industry estimates only.
The physical condition of the property is unknown. Interested parties should conduct their own due diligence to verify all information.
Key Highlights
- Six 2‑bedroom, 1‑bath multifamily units totaling approximately 4,392 SF
- Current occupancy: four units occupied (including three Section 8 tenancies)
- Two units vacant, offering immediate lease‑up
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.8k | $27.96 |
| − Vacancy | −$7.1k | −$1.62 |
| EGI | $115.7k | $26.34 |
| − OpEx | −$52.1k | −$11.85 |
| NOI | $63.6k | $14.49 |
4,392 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$908.9K
$795.3K – $1.06M
NOI $63,623 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$20.02M
$17.52M – $23.36M
NOI $1,401,604 @ 7.0% cap · market cap 93.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six 2-bedroom, 1-bath units total approximately 4,392 square feet, with four currently occupied and two vacant.
Where is this apartment building located?
The property is located at 6561 Graham Avenue Newark, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Six 2‑bedroom, 1‑bath multifamily units totaling approximately 4,392 SF; Current occupancy: four units occupied (including three Section 8 tenancies); Two units vacant, offering immediate lease‑up
