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33700687
33700689

2615 Marina Blvd, San Leandro, CA 94577

GS
CA CA: 02168656
Kidder Matthews
EV
CA 01241401
Kidder Matthews
LK
CA CA 01980615
Kidder Matthews
Listed by Kidder Matthews
$6,980,000
15 days on market
Updated 15 days ago

Newport Apartments

Details
APN 079A-0565-027-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 23,442
Net Rentable (SqFt) 17,710
Units 28
Cap Rate 6.03%
NOI $421,178
Tenancy Multi
Pro-Forma Cap Rate 6.78%
Pro-Forma NOI $473,118
Price per SqFt $394
Year Built 1964
Buildings 1
Acreage 0.990
Zoning Multi-family Residential
Parking Spaces 35 spaces
Parking per 1,000 SqFt 1.49
Investment Type Stabilized

Multifamily | 28 Units | $249,286/unit

Marketing description

Kidder Mathews is pleased to present Newport Apartments, a 28-unit community located in the vibrant City of San Leandro.

Located steps from Monarch Bay Golf Club, this expansive property spans nearly an acre with 17,710 square feet of rentable space. Built in 1965, Newport Apartments offers 18 one-bedroom, one-bath units and 10 two-bedroom, two-bath units. Amenities include 35 surface parking spaces, a community laundry room, and spacious patios and balconies. Meticulously maintained for two decades, the property presents opportunities for a new owner to upgrade exterior, common areas, and units with modern touches. Ideally situated near Interstate 880, it provides easy access to major Bay Area employment centers. Perfect for young professionals and families, Newport Apartments is close to Monarch Bay Golf Club, Tony Lema Golf Course, Marina Park, Kaiser Hospital, and Marina Square Center with prominent retail brands.

Nestled in the East Bay region of California, San Leandro epitomizes a perfect fusion of urban convenience and Californian charm. Situated just across the bay from the iconic San Francisco skyline, this city embodies a rich tapestry of diversity and a storied history dating back to the 18th century.

San Leandro's dynamic downtown core serves as a vibrant hub, offering an array of dining experiences, eclectic shops, and cultural landmarks. Whether you're exploring local eateries renowned for their cuisine or browsing through unique boutiques, the city caters to a spectrum of lifestyles. Families are drawn to its welcoming community and excellent schools, fostering a friendly and supportive environment. Meanwhile, young professionals find appeal in its proximity to major tech hubs, facilitating a seamless balance between work and leisure.

With its blend of historical significance, modern amenities, and scenic locale, San Leandro continues to attract residents and visitors alike, promising a distinctive Californian experience enriched by its urban vibrancy and cultural allure.

Investment highlights

  • Rare Two Bedroom Two Bath Units
  • Solar Panels to offset common area lighting expenses
  • Spacious balconies and patios
  • Prime location only a block away from the San Leandro Marina and two scenic golf courses
  • Massive 1 Acre Lot

Listing Contacts

GS
CA CA: 02168656
Kidder Matthews
EV
CA 01241401
Kidder Matthews
LK
CA CA 01980615
Kidder Matthews
Listed by Kidder Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$421,178.00
$35,098.17/mo

Valuation Metrics

0
DSCR
6.03%
Cap Rate
6.03%
ROI

Map

Zoning

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RO(PD) PlannedResidential Outer Planned Development
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Gabriel Sahagun
License
CA: 02168656
Brokerage Phone
9259051104
Name
Eduardo Vergara
License
01241401
Name
Louis Kwok
License
CA 01980615
Brokerage
Kidder Mathews
Brokerage Phone
5103877049
Title
Multifamily Specialist
Brokerage Address
7901 Stoneridge Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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