Port O Marina | 2727 Marina Blvd
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Port O Marina 2727 Marina Blvd
38 Unit Apartment Building $9,988,000 ($262,842/Unit) 5.06% Cap Rate San Leandro, CA 94577
Investment Highlights
- Value add opportunity for 4 buildings on 1 parcel.
- Off-street covered parking.
- All electric units.
- Major capital upgrades have been completed.
- Swimming pool & on-site laundry facilitiy.
- Attractive San Leandro location with nearby parks & recreational amenities.
Executive Summary
Newmark is pleased to present the Port O’ Marina Apartments near the scenic San Leandro Marina. This well-maintained 38-unit apartment community consists of four apartment buildings and off-street covered parking on a single parcel. The community is a mix of generously sized thirty (30) one-bedroom and eight (8) two-bedroom units with on-site laundry facilities, swimming pool, and garden courtyards. Rarely do these assets come to market of this size in this area. The area also offers a wide variety of nearby amenities, parks, golf courses, bike and walking trails, and restaurants. On-site a laundry room is available, and 48 parking spaces are also available for residents. This is a fantastic and rare Value-Add opportunity. A recent property inspection and pest report are available.
Situated near the scenic San Leandro Marina and a short walk to nearby destinations like the shoreline parks, golf courses, dining, and San Francisco Bay Trail, make the Port O’ Marina Apartments a highly desirable location. The property’s central location allows residents to easily access the Marina, BART, Highway 880, and Downtown San Leandro. San Leandro’s downtown offers a wide variety of restaurants, entertainment, and retail options.
Situated near the scenic San Leandro Marina and a short walk to nearby destinations like the shoreline parks, golf courses, dining, and San Francisco Bay Trail, make the Port O’ Marina Apartments a highly desirable location. The property’s central location allows residents to easily access the Marina, BART, Highway 880, and Downtown San Leandro. San Leandro’s downtown offers a wide variety of restaurants, entertainment, and retail options.
Property Facts
| Price | $9,988,000 | Apartment Style | Garden |
| Price Per Unit | $262,842 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.44 AC |
| Cap Rate | 5.06% | Building Size | 27,384 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 38 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 2.56/1,000 SF |
| Price | $9,988,000 |
| Price Per Unit | $262,842 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Gross Rent Multiplier | 11 |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.44 AC |
| Building Size | 27,384 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 2.56/1,000 SF |
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 700 |
| 2+1 | 8 | - | 850 |
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Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 79A-565-35-13 | Improvements Assessment | $1,188,773 |
| Land Assessment | $1,697,809 | Total Assessment | $2,900,730 |
PROPERTY TAXES
Parcel Number
79A-565-35-13
Land Assessment
$1,697,809
Improvements Assessment
$1,188,773
Total Assessment
$2,900,730
zoning
| Zoning Code | 7700 (Multiple Residential Building Of 5 Or More Units.) |
| 7700 (Multiple Residential Building Of 5 Or More Units.) |
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Port O Marina | 2727 Marina Blvd
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