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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33708350
33708352

755 Fargo Avenue, San Leandro, CA 94579

EB
CA CA 02060059
Marcus & Millichap - Palo Alto
JC
CA 02024152
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$5,150,000
3 days on market
Updated 2 days ago

755 Fargo Avenue

Details
APN 080H-1515-001-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,150
Net Rentable (SqFt) 12,150
Units 22
Cap Rate 7.15%
NOI $368,445
Occupancy 96%
Tenancy Multi
Pro-Forma Cap Rate 7.71%
Pro-Forma NOI $397,118
Price per SqFt $424
Class B
Year Built 1948
Buildings 4
Stories 1
Acreage 1.000
Zoning Multi-Family Residential
Parking Spaces 31 spaces
Parking Per SqFt 2.55
Investment Type Stabilized
Ownership Fee Simple

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

Listing Contacts

EB
CA CA 02060059
Marcus & Millichap - Palo Alto
JC
CA 02024152
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$368,444.54
$30,703.71/mo

Valuation Metrics

0
DSCR
7.15%
Cap Rate
7.15%
ROI

Map

Zoning

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RM-1800 ResidentialMulti FamilyResidential Multifamily
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Eymon Binesh
License
CA 02060059
Brokerage
Marcus & Millichap
Title
Senior Vice President Investments
Brokerage Address
2626 Hanover Street
Name
Jimmy Castellanos
License
02024152
Brokerage
Marcus & Millichap
Brokerage Phone
(650) 391-1777
Brokerage Address
2626 Hanover Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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