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$100K Price Improvement 483 Joaquin Ave 5 Unit Apartment Building $1,595,000 ($319,000/Unit) 6.38% Cap Rate San Leandro, CA 94577
Investment Highlights
- Five Units Comprised of One 3bd/2bth, One 2bd/1bth, and Three 1bd/1bth Units
- Exterior Improvements Include New Roof, Asphalt, Lighting, Gutters, Railing Screens, and New Exterior Facade & Paint
- 1:1 Enclosed Parking with Potential for ADU Conversion
- Interior Improvements Include New Luxury Flooring, Updated Lighting & Ceiling Fans, New Electrical Panels and Appliances, & Fresh Interior Paint
- New Coin Operated Laundry Machines Provide Additional Income
- Low Maintenance Easy-To-Maintain Property with Little Deferred Maintenance
Executive Summary
The Pinza Group, Inc. is pleased to present 483 Joaquin Avenue in San Leandro. Attractively located walking distance to Downtown San Leandro, this five unit multifamily property offers a mix of 3 bedroom, 2 bedroom, and 1 bedroom units. Recent exterior improvements include new roof, asphalt, lighting, gutters, railing screens, and new exterior facade and paint. Recent interior improvements include updated electrical panels in all units, new luxury flooring, updated lighting and ceiling fans, new blinds and appliances, and fresh interior paint. Added income is provided by new onsite coin operated laundry machines. Additionally, the property features 1:1 closed parking with potential for ADU conversion. This well located, low maintenance property is a perfect investment for a new or seasoned investor.
EMAIL: INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND INTERIOR PHOTOS
EMAIL: INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND INTERIOR PHOTOS
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 680 |
| 2+1 | 1 | - | 850 |
| 3+2 | 1 | - | 1,000 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 077-0538-001-00 | Improvements Assessment | $841,267 |
| Land Assessment | $266,801 | Total Assessment | $1,108,068 |
Property Taxes
Parcel Number
077-0538-001-00
Land Assessment
$266,801
Improvements Assessment
$841,267
Total Assessment
$1,108,068
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$100K Price Improvement | 483 Joaquin Ave
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