13775 E 14th
San Leandro, CA 94578

Sold

Sold for $1,325,000 on May 15, 2019

Description

Available for the first time ever – this investment opportunity contains a restaurant attached to a single-family residence on a highly desirable approximately 15,000 square foot corner lot in beautiful San Leandro adjacent to other Class A retail establishments including Starbucks and 7-11 and Walgreens. With 21 parking spaces as well as a single garage for the residence, this parcel is perfectly situated for a retail/office investment scenario. Ernie's restaurant has been a staple in the east bay restaurant scene for generations. Over the course of many years, the family expanded the restaurant to the built-out structure brightly lit and situated corner of the parcel right off 136th Avenue. Consistently serving thousands of customers per year the restaurant reputation precedes it. The single family home boasts approximately 2,000 SF with an unfinished basement as well as three-bedrooms and 1.5 bathrooms.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Sold
• Listing Price: $1,300,000
• County/Area: Alameda County
• Zip Code: 94578
• Year Built: 1961
• Age: 58
• Units: 2 units
• Basement: Partial, Separate Entry, Unfinished
• Lot Size: 14810 sq ft lot
• Zoning: SA-2
• Addl Property Description: The Residence Can Remain As A Rental Or Converted Into Additional Retail Or Office Space.note: The Offer Is For The Real Property Bus Owned Separately
• All Units Have: Dishwasher, Disposal, Patio
• Annual Expense Year: 22390
• Annual Gross Fee Income: $52,560
• Annual Gross Sched Income: $52,560
• Annual Insurance Expense: $2,630
• Annual Maintance Exp: 1000
• Annual Rental Inc: 3
• Annual Total Oper Exp: 22390
• Annual Utility Expense: $1,540
• Cooling: No Air Conditioning
• Equipment Additional: Fire Alarm System, Window Coverings, Other
• Existing Lease Terms: Security Deposit, Written Agreement
• Exterior: Concrete Block, Wood Siding
• Flooring: Laminate, Linoleum, Carpet
• Heating: Electric
• Laundry: In Laundry Room, Inside Unit, Washer
• Lot Description: Corner
• Lot Sq Ft Apx: 14106
• Net Operating Income: $29,119
• Operating Expenses: Electric, Garbage Collection, Insurance, Property Tax/Assessments
• Other Annual Expense: $1,200
• Park Spc Tot: 22
• Parking Description: Covered Parking, Parking Area
• Separate Meters: Electric, Gas, Water
• Some Units Have: Deck, Dishwasher, Disposal, Patio
• Total Deposits: 2000
• Unit 1: 1-Bathrooms, 21-Parking Spaces
• Unit 2: 3-Bedrooms, 1.5-Bathrooms, 1-Parking Spaces
• Water/Sewer: Sewer System - Public, Water - Public
• Yard Description: Deck(S)
• Sold Price: 1325000
• Sold Date: 2019-05-15