15248 Upton Ave
San Leandro, CA 94578
Hesperian Duplex Portfolio · Multifamily Property For Sale · 82 Units

Greystone Real Estate Advisors, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in The Hesperian Duplex Portfolio (the “Property”), 41 free-standing duplex buildings, for a total of 82 apartment units located in San Leandro, California. Situated in the heart of the Bay Area and within a 3 minute walk to the Bay Fair BART station, the Property provides residents convenient access to the region’s major employment centers. Upscale retail, dining, grocery and entertainment options are also in the immediate vicinity. The Property is well-located within an Opportunity Zone in the Halcyon Foothill neighborhood and provides the ideal combination of a stable cash flow stream with the opportunity to significantly increase net operating income through a proven interior and exterior renovation strategy. While investors can capitalize on immediate upside by capturing existing loss-to-lease, a full renovation of the property will capture all the rent premium in the market and may have added investor tax benefits through the Opportunity Zone qualifications. Built in 1952, each duplex is wood-frame constructed and features a pitched composition shingle roof. The exteriors are primarily stucco or a combination of stucco and vinyl siding. On-site carport parking is available for each duplex. Most of the apartment buildings offer expansive, green front yards with variations of trees, shrubs, and flowering plants that accent each property, while intimate backyards are also a common feature. The Hesperian Duplex Portfolio’s 82 units are all two-bedroom units with one bathroom each. Interior amenities include washer and dryer, heating, AC units, and tub/shower. The property is being marketed as-is, unpriced and will be delivered free and clear of any existing debt.