380 L St

380 L St is a six unit multifamily property nestled in the foothills of Niles Canyon in Fremont, CA. Set on a massive and underdeveloped 17,500 SqFt lot, the six units consist of one 2bd/1bth unit and five 1bd/1bth units. All units have single car attached garages and private fenced backyards. Additionally, each unit pays for gas, electric, and garbage providing lower annual expenses for the owner. Each unit has been tastefully upgraded with new floors, dual pane windows, and stainless steel appliances. There are onsite coin operated laundry machines providing additional income. Tenants also enjoy a short walk to the Alameda Creek and the Historic Niles Downtown District. This is a great opportunity for a seasoned investor to acquire an asset in one of the Bay Area’s hottest rental markets.
Located in the Niles Canyon, Nile is a scenic, historic neighborhood with small-town charm. Niles was once a railroad stop along the first transcontinental rail connection. Along with playing a large role in railroad history, Niles was also a common backdrop for Hollywood’s early film works featuring stars like Charlie Chaplin. Niles has mid-range and upscale rentals in a variety of styles from Mediterranean-style single-family to cozy modern apartments.