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Property profile

268 Washington Ave Alameda, CA 94501

OFF-MARKET
Mixed-use properties
18,378 SF 0.42 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use development opportunity in San Leandro, Alameda County, California, presents a fully approved project encompassing 27 units and 2,520 square feet of retail space. Situated on a 0.419-acre lot at 268 Parrott St & 1595 Washington Ave (APN: 75-5-11, 75-5-12), this property is zoned Downtown Area 1 (DA-1) and offers significant potential. The total square footage is 18,378 square feet. Ample parking is provided with 27 spaces (one per unit) and an additional 18 bicycle parking spaces (0.7 per unit). The development includes three Below Market Rate (BMR) units, representing 15% of the total units. Detailed plans reflect a Floor Area Ratio (FAR) of 2.38 and a residential density of 61.6 units per acre. The project benefits from comprehensive professional planning, with Apex Civil Engineering and Land Surveying handling civil engineering and Levesque Planning and Design providing landscape architecture services. This prime location in the heart of San Leandro offers immediate access to major transportation routes and a vibrant urban environment. This is a rare opportunity to acquire a fully permitted and ready-to-build mixed-use development in a high-demand area. The property's location in Alameda County, California, and its zip code is 94501.

Property profile

Verified
Property type Mixed-use properties
Total area 18,378 SF
Lot 0.42 ac (18,252 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

268 Washington Ave Alameda, CA 94501
Alameda metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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