755 Fargo Avenue
Multifamily | 22 Units | $234,091/unit
Marketing description
BCG Multifamily is pleased to present 755 Fargo Avenue, a 22-unit multifamily community in San Leandro, one of the East Bay's most established and well located rental markets. Set on a nearly one-acre parcel, the property offers a diverse mix of studio, one bedroom, and two-bedroom units across multiple buildings, including two newly constructed accessory dwelling units (ADUs). Originally built in 1948 and improved through a recent capital program, the asset pairs durable, well-maintained construction with a highly desirable location.
The property has a history of strong occupancy and consistent tenant demand, supported by its location, unit mix, and desirable single story layout. The current ownership has put real money into the property in recent years, including a new roof on the studio building, a replaced sewer lateral, upgraded electrical, solar serving the ADUs, and a number of renovated units. That investment leaves the next owner with fewer near-term capital concerns and a property positioned to perform reliably for years to come. With a well-maintained asset in a proven location, 755 Fargo Avenue offers a rare combination of stability today and the opportunity to build value over time.
755 Fargo Avenue benefits from a highly accessible location with convenient access to Interstate 580, Interstate 880, Highway 238, BART, and major employment centers throughout Oakland, Hayward, San Leandro, and the greater East Bay. Residents enjoy proximity to shopping, dining, parks, schools, and public transportation, supporting strong rental demand and long-term occupancy. Benefiting from strong commuter connectivity, diverse employment drivers, and consistent housing demand, the property is well-positioned for continued rental growth and long-term appreciation. With its nearly oneacre parcel, recent capital improvements, and strategic East Bay location, 755 Fargo Avenue represents a compelling opportunity to acquire a well-located, stabilized multifamily asset.
Investment highlights
- Strong In-Place Cap Rate - 7.00%+
- Diverse Mix of Studio, One-Bedroom, and Two-Bedroom Units
- Major Capital Improvements Recently Completed
- Strong Occupancy Levels with Stable In-Place Cash Flow
- 22-Unit Single-Story Property on Approximately One Acre
- Excellent Access to BART, I-580, I-880 & Oakland International Airport
- Positioned Along the I-880 Employment Corridor
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