2512 Edison Avenue
Sacramento, CA 95821
Sq. Feet 60,548
$2,125,000
The subject property is a 34 unit garden style apartment complex located in San Leandro, California. The property features a mix of ten one-bedroom/one-bath flats and twenty-four two-bedroom/two-bath flats spread over four buildings on a 1.38 acre lot.
The property features a gated and secured entry-way with intercom system that is accessible via control remote. All units have a patio/balcony area and covered parking. There is also an on-site laundry facility and central mailbox area.
The property's location provides quick access to Interstate 580 and concurrently Interstate 880. The city of San Leandro features close proximity to all major Bay Area hubs: San Francisco and Oakland via the Bay Bridge; the Peninsula via the San Mateo Bridge and the Silicon Valley via the Dumbarton Bridge.
Cap Rate: 5.32% NOI: $356,446 Livable Sq. Ft: 35,500
Built in 1987 34 units Lot Sq. Ft: 1.38 Acres