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Listing 7 out of 27
$5,995,000 Pending

973 Elgin St
San Lorenzo, CA 94580

20 units | Multi Family Home
37462 sq ft lot - MLS# 40872649 Courtesy of Michael Tanzillo R.e. Brkr, Mike Tanzillo
Property Photo
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Description

First Time on Market, Lorenzo Dell Apartments, located in San Lorenzo, Unincorporated Alameda County. The property consists of 3 detached single family homes and 17 townhouse style units contained in 3 buildings, constructed circa 1964. Each unit has laundry hook-ups, free standing appliances and patio area. The driveway opens to a nicely landscaped courtyard setting. There is open onsite parking. ' Tremendous upside to Gross Potential Rents. No Rent Control. Desirable Unit Mix. The mature Ashland neighborhood features a wide variety of single and multi-family properties. The location is convenient to local shopping, Bayfair BART, as well as I-580 and I-880.

Features

  • Property Type: Multi Family Home
  • Sub Type: Garden Apts
  • Listing Status: Pending
  • County/Area: Alameda County
  • Zip Code: 94580
  • Year Built: 1964
  • Age: 55
  • Sq.Ft.: 21,525 sq ft
  • Units: 20 units
  • # of Parking Spaces: 27
  • Lot Size: 37462 sq ft lot
  • Addtl Features Misc.: Balcony/Patio, Wired For Cable TV, Garden, Greenbelt, Lawn Sprinkler
  • All Units Have: Patio, Oven Range Free Standing
  • Annual Gross Sched Inc: 441624
  • Annual Maint Exp: 35000
  • Annual Mgmt Exp: 28840
  • Annual Misc Inc: 600
  • Annual Rent Inc: 441024
  • Annual Taxes: 79192
  • Annual Util Exp: 7596
  • Annual Vacancy: 8832
  • Apx Lot Sq Ft: 50484
  • Cap Rate: 4.27
  • Equipment Additional: Water Heater Gas, Window Coverings
  • Exterior: Stucco
  • Flooring: Vinyl, Carpet
  • Gross Income: $441,624
  • Gross Oper Actual Inc: 432792
  • Heating: Wall Furnace
  • Laundry: Inside Unit, Washer/Dryer Hookups
  • Lot Description: Level
  • Net Oper Income: $256,053
  • On-Site Parking Desc: Parking Area, Spaces - Assigned
  • Operating Expenses: Electric, Insurance, Maintenance/Repair, Management, Miscellaneous/Other, Property Tax/Assessments, Trash Removal, Water
  • Other Ann Exp: 17395
  • Roof: Composition Shingles
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas
  • Tot Ann Oper Exp: 176739
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Michael Tanzillo R.e. Brkr, Mike Tanzillo

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