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Listed by Magnify Real Estate
$ 4,750,000
Est. payment | /mo
11,600 SqFt
$ 4,750,000
Est. payment | /mo
11,600 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,600 sqft
Price per Sqft $409
MLS Listing ID ML82062259
HOA Y/N No
Year Built 1960
Lot Size 0.571 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Magnify is pleased to present 5464 Saint Mark Avenue, a 16-unit multifamily investment opportunity situated on a prominent corner parcel in Newark, immediately adjacent to Fremont. The property features an all 2BD/1BA unit mix totaling 11,600 SF on a large 0.57-acre lot, with significant rental upside through interior renovations and unit turnover. Shovel-ready plans and approved building permits to build four ADUs create a clear path to additional income and value. Additional highlights include dual-pane windows and individual water meters, allowing ownership to pass water costs through to tenants and providing protection from rising water expenses. Further upside exists through improved hands-on management, reduced management fees, and lower overhead expenses. Located within 1 mile of Fremont and approximately 10 minutes from Downtown Fremont, the property offers excellent connectivity throughout the greater East Bay and Peninsula, with convenient access to the I-84/Dumbarton Bridge, I-880, and the Tesla Factory only 15 minutes away. With a desirable unit mix, strong submarket, corner-lot positioning, and multiple avenues for NOI growth, 5464 Saint Mark Avenue presents an attractive opportunity for investors seeking current income and long-term value creation.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Coin Operated
Building
Water Public