1290 141st Ave San Leandro, CA 94578-2745
- Apartment buildings
- 3,196 SF
- 0.15 lot acres
Mar 05, 2025
Current Use by Public Records
- Apartment buildings
Property Details for 1290 141st Ave
- Year built
- 1959
- Construction
- WOOD
- Lot size
- 0.15 lot acres
- Property size
- 3,196 SF
- Property type
- Apartment buildings
- APN
- 77D-1432-43
- APU
- 77D143243
Description
This exceptional investment opportunity presents a meticulously updated five-unit apartment building nestled in San Leandro's Halcyon neighborhood at 1290 141st Ave, CA 94578. Built in 1959 and extensively renovated in 2022, this 3,196 square foot building sits on a 0.15-acre lot and boasts a remarkable 100% occupancy rate. The property comprises four spacious one-bedroom units and one two-bedroom unit, each individually metered for gas and electricity, with tenants responsible for their own garbage disposal. Conveniently located near shopping, San Leandro Hospital, and public transportation, this property enjoys a Walk Score of 86, ensuring high tenant desirability. The building offers significant upside potential for revenue generation through rent increases and the addition of ancillary income streams such as parking, storage, and laundry facilities. This is a prime opportunity for investors seeking a well-maintained, high-performing asset in a desirable location. The asking price is $1,475,000, translating to $295,000 per unit and $461.51 per square foot. The property is a Class C, two-story building. Detailed financial reports and offering memoranda are available upon request.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,260,000
- ML approach
- $1,285,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,156,000
Market price range: $316k - $1.16M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $795,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,360,000 Change: +71% Conversion: Difficult
- MEDICAL BUILDING
- $1,265,000 Change: +59% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,055,000 Change: +33% Conversion: Difficult
- OFFICE BUILDING
- $985,000 Change: +24% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $965,000 Change: +22% Conversion: Moderate
- RETAIL STORES
- $775,000 Change: -3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- San Leandro
- County
- Alameda
- State
- California
- Longitude
- -122.14
- Latitude
- 37.7116
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
