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Listed by Lennart Persson • Compass
$ 1,800,000
Est. payment | /mo
6,472 SqFt
$ 1,800,000
Est. payment | /mo
6,472 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,472 sqft
Price per Sqft $278
MLS Listing ID 41098028
HOA Y/N No
Year Built 1945
Lot Size 0.786 Acres
Property Sub-Type Quadruplex
Source BAY EAST
Property Description
Welcome to 1335 147th Avenue, a rare and versatile multi-family property located in the heart of San Leandro's Halcyon Foothill neighborhood. This expansive 6,472 sq ft complex comprises four separate units, totaling 11 bedrooms and 7 bathrooms, all situated on a generous 0.79-acre lot (approximately 34,250 sq ft). Currently generating $8,300 per month in rental income, this property offers a solid return on investment with a gross rent multiplier (GRM) of approximately 19.26. With its substantial lot size, there's significant potential for redevelopment or expansion, subject to city and county approvals. Each unit is thoughtfully designed to provide comfortable living spaces, and the property's location ensures easy access to shopping centers, dining options, parks, schools, and major freeways, enhancing its appeal to tenants and future buyers alike. Whether you're an investor seeking a stable income-producing asset or looking for a property with development potential, 1335 147th Avenue presents an exceptional buy-and-hold opportunity in a thriving community.
Location
State CA
County Alameda
Interior
Heating Other
Cooling No Air Conditioning
Flooring Laminate, Linoleum, Tile, Carpet
Fireplace No
Appliance Gas Water Heater
Building
Lot Description Premium Lot
Water Public
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