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$ 1,800,000
Est. payment | /mo
0.79 Acres Lot
$ 1,800,000
Est. payment | /mo
0.79 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41098028
HOA Y/N No
Year Built 1945
Lot Size 0.786 Acres
Property Sub-Type Quadruplex
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 See Remarks
Flooring Carpet, Laminate, Tile
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Other
Total Parking Spaces 4
Building
Lot Description Back Yard
Sewer Public Sewer
Others
Tax ID 77D146093
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Lennart Persson • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "