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Additional details
Listed by David Katz • Magnify Real Estate, DRE#01971921
$4,850,000
Est. payment /mo
2 Beds
1 Bath
11,600 SqFt
Open House
Wed Sep 30, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 11,600 sqft
Price per Sqft $418
MLS Listing ID ML82062259
Bedrooms 2
Full Baths 1
Year Built 1960
Lot Size 0.571 Acres
Property Sub-Type Five or More Units
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
Area Newark
Zoning RM
Interior
Heating Wall Furnace
Cooling None
Laundry Coin Operated
Exterior
Parking Features Covered Parking
Utilities Available Public Utilities
Roof Type Flat / Low Pitch,Tar and Gravel
Building
Foundation Post and Pier, Wood Frame
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 092A-1010-051-01
Security Features None
Special Listing Condition Not Applicable
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