SAN FRANCISCO BAY APARTMENT PORTFOLIO
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
SAN FRANCISCO BAY APARTMENT PORTFOLIO
3 Multifamily Properties in Multiple Locations
Investment Highlights
- This exclusive portfolio is a rare opportunity for an investor to acquire 401 well maintained units in an Investment Grade Apartment Portfolio
- Each property boasts an abundance of nearby retail conveniences and entertainment venues
- The Portfolio enjoys quick access to major Bay Area transportation arteries, providing direct connections to San Francisco
- The locations also offer easy proximity to central BART stations and regional public transportation
Executive Summary
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire the Northern California —
San Francisco Bay Area Apartment Portfolio (the “Portfolio”), a 401-unit portfolio comprising three properties,
ranging from 103 to 163 apartment units, on sites ranging from 2.05 to 4.76 acres. All three properties are
proximally located within California -- the distance from Bayfair to Coral Gardens is 5.5 miles and to Concord
is 28 miles -- and are owned by a private investor family that has owned these assets for over 25 years
each. This rare opportunity represents the first time any of these multifamily assets have been available for
sale by the current owner. Since 2010, ownership has implemented a multi-million dollar strategic capital
improvements program designed to improve the market appeal of the properties and to extend their useful
life. Approximately 80 percent of the units have been fully or partially renovated.
San Francisco Bay Area Apartment Portfolio (the “Portfolio”), a 401-unit portfolio comprising three properties,
ranging from 103 to 163 apartment units, on sites ranging from 2.05 to 4.76 acres. All three properties are
proximally located within California -- the distance from Bayfair to Coral Gardens is 5.5 miles and to Concord
is 28 miles -- and are owned by a private investor family that has owned these assets for over 25 years
each. This rare opportunity represents the first time any of these multifamily assets have been available for
sale by the current owner. Since 2010, ownership has implemented a multi-million dollar strategic capital
improvements program designed to improve the market appeal of the properties and to extend their useful
life. Approximately 80 percent of the units have been fully or partially renovated.
Property Facts
| Cap Rate | 5.60% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 343,316 SF |
| Status | Active | Total Land Area | 6.44 AC |
| Number of Properties | 3 |
| Cap Rate | 5.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 343,316 SF |
| Total Land Area | 6.44 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bayfair Apartments
16077 Ashland Ave, San Lorenzo, CA 94580 |
Multifamily | 149,958 SF | 1976 | - |
|
Coral Gardens
601-605 Sorenson Rd, Hayward, CA 94544 |
Multifamily | 88,758 SF | 1940 | - |
|
Mountain View Apartments
1220 Monument Blvd, Concord, CA 94520 |
Multifamily | 104,600 SF | 1962 | - |
1 of 1
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
SAN FRANCISCO BAY APARTMENT PORTFOLIO
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.