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98 Dutton Ave
San Leandro, CA 94577
Multifamily Property For Sale
·
10 Units
Investment Highlights
- MULTIPLE PATHS TO INCOME UPSIDE
- CHARMING EAST BAY NEIGHBORHOOD WITH REGIONAL CONNECTIVITY
- ±16% RENT GROWTH THROUGH 2030 IN SUPPLY-CONSTRAINED SUBMARKET
Executive Summary
Berkadia is pleased to exclusively present the opportunity to acquire 98 Dutton (the “Property” or “98 Dutton”), a 10- unit multifamily community located within a vibrant and highly walkable San Leandro neighborhood with exceptional regional connectivity via the San Leandro BART station as well as Interstates 580 and 880. 98 Dutton is offered for sale at $1.9MM, with the opportunity to unlock an additional ±$375 per unit in monthly upside through the completion of interior renovations and the implementation of a utility billback program. Strategically positioned adjacent to Downtown San Leandro, the Property is insulated from future competition and positioned to benefit from the ±16% rent growth and ±30% average household income growth forecasted over the next five years – making 98 Dutton an exceptionally low-risk investment underpinned by strong fundamentals and enduring rental demand.
Property Facts
| Price Per Unit | $190,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.17% | Building Size | 5,900 SF |
| Gross Rent Multiplier | 9.55 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.86/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-5, San Leandro | ||
| Price Per Unit | $190,000 |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| Gross Rent Multiplier | 9.55 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | R-5, San Leandro |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 550 |
| 1+1 | 1 | - | 750 |
| 2+1 | 1 | - | 750 |
Property Taxes
| Parcel Number | 076-0279-012-00 | Improvements Assessment | $2,392,148 |
| Land Assessment | $974,178 | Total Assessment | $3,366,326 |
Property Taxes
Parcel Number
076-0279-012-00
Land Assessment
$974,178
Improvements Assessment
$2,392,148
Total Assessment
$3,366,326
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