$15,500,000
$16,250,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
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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Michelle Esquivel
michelle@michellehomesellingteam.comOur team is ready to help you sell your home for the highest possible price ASAP
Bought with Carlos Azucena • Marcus & Millichap
michelle@michellehomesellingteam.com
515 S Myrtle Ave, Monrovia, CA, 91016, USA