Newark, CA 94560,Address not disclosed
Newark, CA 94560,Address not disclosed
Newark, CA 94560,Address not disclosed
Newark, CA 94560,Address not disclosed
Newark, CA 94560,Address not disclosed
Newark, CA 94560,Address not disclosed
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$15,500,000

$16,250,000

4.6%
Est.Price: ?

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Est. payment /mo

1.26 Acres Lot


SOLD DATE : 02/05/2021

Key Details

Sold Price $15,500,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81798161

Sold Date 02/05/21

HOA Y/N No

Year Built 1962

Annual Tax Amount $208,032

Lot Size 1.260 Acres

Property Description

The property is a 40-unit apartment community located in thriving Newark, Ca.*The property consists of 4 separate parcels of land and 8 buildings: 92A-617-45-1, 92A-617-44, 92A-617-43-1, 92A-617-40-1. Situated on 1.26-acre parcels of land, the subject property was originally constructed in 1962 and has a gross building area of approximately 32,997 sq ft, offering its tenants beautifully designed two-bedroom floor plans. It has recently undergone significant exterior and interior renovations. Over $1.1 million dollars have been spent on capital improvements. Unit interiors have been remodeled with modern high-end designer finishes, dual pane windows, updated kitchens, modern hard flooring, designer paint, electronic thermostats, and in-unit washer/dryers*. There are also individual water heaters in every unit. The subject property features convenient community amenities including a sunny community courtyard, bbq/picnic area, private carport parking, and laundry. *In select units

Location

State CA

County Alameda

Area 699 - Not Defined

Zoning RM, CC

Interior

Heating Wall Furnace

Fireplace No

Exterior

Carport Spaces 40

Roof Type Composition

Total Parking Spaces 12

Schools

School District Alameda City Unified

Others

Tax ID 92A617451

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Johnston • Marcus & Millichap
Bought with Carlos Azucena • Marcus & Millichap
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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