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755 Fargo Ave 22 Unit Apartment Building $5,150,000 ($234,091/Unit) 7.15% Cap Rate San Leandro, CA 94579
Investment Highlights
- 22 Single-Story Units on Large One Acre Parcel
- Two Newly Constructed ADU's (All Electric Units with Solar Roof)
- Sewer Laterals Servicing Studio Building, Right-Side Building, and Front Home are Replaced
- Updated Electrical (New Siemens Main Panel Servicing Right-Side Building, ADU, and Duplex)
- Fourteen Remodeled Units (Nine Studios and Five One-Bedrooms
- New Roof on Studio Building and Duplex (Approx. Three Years Old)
Executive Summary
BCG Multifamily is pleased to present 755 Fargo Avenue, a 22-unit multifamily community in San Leandro, one of the East Bay's most established and well located rental markets. Set on a nearly one-acre parcel, the property offers a diverse mix of studio, one bedroom, and two-bedroom units across multiple buildings, including two newly constructed accessory dwelling units (ADUs). Originally built in 1948 and improved through a recent capital program, the asset pairs durable, well-maintained construction with a highly desirable location.
The property has a history of strong occupancy and consistent tenant demand, supported by its location, unit mix, and desirable single story layout. The current ownership has put real money into the property in recent years, including a new roof on the studio building, a replaced sewer lateral, upgraded electrical, solar serving the ADUs, and a number of renovated units. That investment leaves the next owner with fewer near-term capital concerns and a property positioned to perform reliably for years to come. With a well-maintained asset in a proven location, 755 Fargo Avenue offers a rare combination of stability today and the opportunity to build value over time.
The property has a history of strong occupancy and consistent tenant demand, supported by its location, unit mix, and desirable single story layout. The current ownership has put real money into the property in recent years, including a new roof on the studio building, a replaced sewer lateral, upgraded electrical, solar serving the ADUs, and a number of renovated units. That investment leaves the next owner with fewer near-term capital concerns and a property positioned to perform reliably for years to come. With a well-maintained asset in a proven location, 755 Fargo Avenue offers a rare combination of stability today and the opportunity to build value over time.
Financial Summary (Actual - 2025) 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 - 2025) 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 | $5,150,000 | Apartment Style | Garden |
| Price Per Unit | $234,091 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 7.15% | Building Size | 12,150 SF |
| Gross Rent Multiplier | 9.62 | Average Occupancy | 96% |
| No. Units | 22 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 2.55/1,000 SF |
| Zoning | RM-18, San Leandro | ||
| Price | $5,150,000 |
| Price Per Unit | $234,091 |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| Gross Rent Multiplier | 9.62 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 12,150 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 2.55/1,000 SF |
| Zoning | RM-18, San Leandro |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Individual Locking Bedrooms
- Smoke Detector
- Shower Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 450 |
| 1+1 | 9 | - | 612 - 633 |
| 2+1 | 2 | - | 732 - 742 |
| 2+2 | 1 | - | 1,200 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 080H-1515-001-00 | Total Assessment | $5,735,579 |
| Land Assessment | $1,948,356 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,774,123 | Tax Year | 2025 |
Property Taxes
Parcel Number
080H-1515-001-00
Land Assessment
$1,948,356
Improvements Assessment
$3,774,123
Total Assessment
$5,735,579
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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