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5424 Saint Mark Ave 16 Unit Apartment Building $5,088,000 ($318,000/Unit) 5.71% Cap Rate Newark, CA 94560
INVESTMENT HIGHLIGHTS
- Cash-Flowing 16-Unit with All 2BD/1BA and efficient floor plans
- Prime Location at the border of Fremont with easy commuter access via I-880, Highway 84, and the Dumbarton Bridge
- Strong tenant demand and exceptional connectivity to the Bay Area
- Value-Add Upside: Significant rent growth potential through renovations
- Convenient Lifestyle Amenities: Close to shopping centers, restaurants, and Newark Community Park
EXECUTIVE SUMMARY
Magnify is pleased to offer 5424 Saint Mark Avenue, a compelling 16-unit investment opportunity in the heart of Newark, CA. Built in 1960, this cash-flowing asset features an efficient and desirable unit mix with all 2 bedroom 1 bath units, amounting to 11,744 rentable square feet. The building has undergone recent capital improvements, including four fully renovated units and one partially upgraded unit. The property sits on a large 22,751 SF lot offering ample space for tenants and maximizing rental appeal.
With strong value-add potential, this asset is well-positioned for investors seeking both stable cash flow and long-term upside in a core Bay Area market. The property is located in a thriving East Bay neighborhood with direct access to Highways 880 and 84, providing seamless connectivity to the greater Bay Area. Finally, residents enjoy convenient access to local amenities such as Newpark Mall, Don Edwards Wildlife Refuge, and numerous parks, enhancing livability and supporting long-term occupancy.
With strong value-add potential, this asset is well-positioned for investors seeking both stable cash flow and long-term upside in a core Bay Area market. The property is located in a thriving East Bay neighborhood with direct access to Highways 880 and 84, providing seamless connectivity to the greater Bay Area. Finally, residents enjoy convenient access to local amenities such as Newpark Mall, Don Edwards Wildlife Refuge, and numerous parks, enhancing livability and supporting long-term occupancy.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,088,000 | Apartment Style | Low-Rise |
| Price Per Unit | $318,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 5.71% | Building Size | 11,744 SF |
| Gross Rent Multiplier | 11.5 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.7/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-M-1500, Newark | ||
| Price | $5,088,000 |
| Price Per Unit | $318,000 |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 11,744 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | R-M-1500, Newark |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Hardwood Floors
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | - | 734 |
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 092A-1010-055-01 | Total Assessment | $4,991,957 (2025) |
| Land Assessment | $1,501,020 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,490,937 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
092A-1010-055-01
Land Assessment
$1,501,020 (2025)
Improvements Assessment
$3,490,937 (2025)
Total Assessment
$4,991,957 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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5424 Saint Mark Ave
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