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Listed by Timothy Warren • NAI Northern California
$5,695,000
Est. payment /mo
15,628 SqFt
Active
955 Karol Way San Leandro, CA 94577
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Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 15,628 sqft
Price per Sqft $364
Subdivision Mulford
MLS Listing ID 41143863
HOA Y/N No
Year Built 1961
Lot Size 0.854 Acres
Property Sub-Type Apt Complex
Source Bridge AOR
Property Description
Pleased to present 955 Karol Way, a well-maintained 19-unit multifamily property situated on a large 37,200 square foot lot in San Leandro. The property features an attractive unit mix of sixteen (16) 2-bedroom/1-bathroom units and three (3) 2-bedroom/1.5-bathroom townhome units, 16 of which have been renovated. A true turnkey asset, the property has benefited from extensive capital improvements, including a new TPO roof, copper plumbing, updated electrical, seismic upgrades, and vinyl dual-pane windows. The oversized lot provides 30+ on-site parking spaces, including three garages, and additional income is generated through on-site laundry. The property represents an exceptional investment opportunity in one of the East Bay's most established rental markets. 955 Karol Way is ideally located less than one mile from Downtown San Leandro and the San Leandro BART Station, providing residents with convenient access to Downtown Oakland, San Francisco, and Silicon Valley. The property also offers immediate access to Interstate 580, Interstate 880, and State Route 185, making commuting throughout the Bay Area seamless. Residents enjoy proximity to a growing collection of restaurants and retail, including Fieldwork Brewing Company, Paradiso Restaurant, Zocalo Coffeehouse, and the Safeway Shopping Center, along with neighborhood parks, schools, and everyday conveniences. Combining excellent transportation access with a vibrant downtown and strong rental demand, the property is well positioned in one of the East Bay's most established multifamily markets.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Vinyl, Carpet
Fireplace No
Appliance Dryer, Washer
Building
Lot Description Cul-De-Sac
Water Public
Others
Special Listing Condition Standard
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