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Port O Marina 2727 Marina Blvd

38 Unit Block of Flats £7,880,532 (£207,382/Unit) 5.06% Net Initial Yield San Leandro, CA 94577

Investment Highlights

  • Value add opportunity for 4 buildings on 1 parcel.
  • Off-street covered parking.
  • All electric units.
  • Major capital upgrades have been completed.
  • Swimming pool & on-site laundry facilitiy.
  • Attractive San Leandro location with nearby parks & recreational amenities.

Executive Summary

Newmark is pleased to present the Port O’ Marina Apartments near the scenic San Leandro Marina. This well-maintained 38-unit apartment community consists of four apartment buildings and off-street covered parking on a single parcel. The community is a mix of generously sized thirty (30) one-bedroom and eight (8) two-bedroom units with on-site laundry facilities, swimming pool, and garden courtyards. Rarely do these assets come to market of this size in this area. The area also offers a wide variety of nearby amenities, parks, golf courses, bike and walking trails, and restaurants. On-site a laundry room is available, and 48 parking spaces are also available for residents. This is a fantastic and rare Value-Add opportunity. A recent property inspection and pest report are available.

Situated near the scenic San Leandro Marina and a short walk to nearby destinations like the shoreline parks, golf courses, dining, and San Francisco Bay Trail, make the Port O’ Marina Apartments a highly desirable location. The property’s central location allows residents to easily access the Marina, BART, Highway 880, and Downtown San Leandro. San Leandro’s downtown offers a wide variety of restaurants, entertainment, and retail options.

Property Facts

Price £7,880,532
Price Per Unit £207,382
Sale Type Investment
Net Initial Yield 5.06%
Gross Rent Multiplier 11
No. Units 38
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.44 AC
Building Size 27,384 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1975
Parking Ratio 2.56/1,000 SF

Unit Amenities

  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Range

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Recycling

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 30 - 700
2+1 8 - 850
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
79A-565-35-13
Land Assessment
£1,339,571
Improvements Assessment
£937,942
Total Assessment
£2,288,676

zoning

Zoning Code 7700 (Multiple Residential Building Of 5 Or More Units.)
7700 (Multiple Residential Building Of 5 Or More Units.)
  • Listing ID: 33908406

  • Date on Market: 18/11/2024

  • Last Updated:

  • Address: 2727 Marina Blvd, San Leandro, CA 94577

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