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30092676
30092677

2 Locations

JO
CA 01707768
Marcus & Millichap - San Francisco
SJ
CA 01725067, CA
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$2,990,000
90 days on market
Updated 57 days ago

185 Belleview & 350 Lafayette (10 units)

Details
APN 75-188-49, 75-188-50
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,226
Net Rentable (SqFt) 9,226
Units 10
Cap Rate 6.34%
NOI $189,419
Occupancy 90%
Pro-Forma Cap Rate 6.9%
Pro-Forma NOI $206,441
Price per SqFt $324
Broker Co-Op Yes
Year Built 1943
Year Renovated 2022
Buildings 2

185 Belleview & 350 Lafayette | 10 Units

Marketing description

185 Belleview Dr and 350 Lafayette Ave are offered for sale together, totaling 10-units. 185 Belleview and 350 Lafayette each have their own unique parcel ID numbers and a wonderful tree lined central courtyard between the buildings. Each building is three stories and has 5 units for a total of 10 units. Originally built in 1943, both properties underwent a full renovation in 2016, when they were stripped to the studs and completely remodeled. Each unit features modern finishes including quartz counter tops, stainless steel appliances, updated kitchens and bathrooms, and in-unit washer/dryers. Both buildings also provide garage parking, with two garages available per property for select tenants, and each building received a new roof as part of the renovation, ensuring long-term durability and reduced maintenance costs.

Investment highlights

  • 3 one-bedroom units estimated at 822 square feet

  • 7 two-bedroom units estimated at 965 square feet

  • Fully renovated kitchens include: quartz counters, stainless steel appliances, undermount sinks, new cabinets

  • Fully renovated units include recessed lighting, in-unit washer/dryer, new bathroom vanity and shower

  • Walking distance to BART and Old San Leandro

  • Walking distance to Estudillo Estates neighborhood (Safeway, Paradiso, Zocalo Coffeehouse)

Listing Contacts

JO
CA 01707768
Marcus & Millichap - San Francisco
SJ
CA 01725067, CA
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$189,419.00
$15,784.92/mo

Valuation Metrics

0
DSCR
6.34%
Cap Rate
6.34%
ROI

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Additional Information

Name
Joe Owens
License
01707768
Brokerage
Marcus & Millichap
Name
Stephen Jackson
License
01725067
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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