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433 Callan Ave 11,466 SF 97% Leased Office Building San Leandro, CA 94577 $3,500,000 ($305.25/SF) 7.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime San Leandro location near major retail amenities, new housing developments, and key transportation corridors (I-880 & I-580).
- Attractive investment opportunity with a strong annual income of $277,035 and an asking price of $3,500,000.
- Stabilized, income-producing asset with 97% occupancy across 15 diverse office units.
- Contact listing brokers for more information
EXECUTIVE SUMMARY
433 Callan Avenue in San Leandro is a three-story, 15-unit office building totaling approx. 11,466 square feet on a 0.35-acre lot. The property is 97% occupied, providing stable income with an annual gross of $277,035, and is offered at an asking price of $3,500,000 on a fee simple basis. Built in 1969, the asset features 31 on-site parking stalls, full HVAC, common restrooms on each floor, and an elevator, all in a prime location near retail amenities and major transportation corridors. This investment represents a rare opportunity to acquire a well-maintained, leased asset in a growing San Leandro market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,466 SF
Building Class
B
Year Built
1969
Price
$3,500,000
Price Per SF
$305.25
Cap Rate
7.92%
NOI
$277,035
Percent Leased
97%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,822 SF
Building FAR
0.75
Lot Size
0.35 AC
Zoning
P, San Leandro
Parking
31 Spaces (2.7 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Central Heating
- Partitioned Offices
- Drop Ceiling
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Fl-Ste 203
- 293 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 203 | 293 SF | Office | - | Now |
2nd Fl-Ste 203
| Size |
| 293 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 077-0460-003-06 | Improvements Assessment | $2,565,650 |
| Land Assessment | $613,525 | Total Assessment | $3,179,175 |
PROPERTY TAXES
Parcel Number
077-0460-003-06
Land Assessment
$613,525
Improvements Assessment
$2,565,650
Total Assessment
$3,179,175
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433 Callan Ave
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