PRICE REDUCED! RESIDENTIAL UNITS TO BE DELIVERED VACANT! Old San Leandro Craftsman Style Duplex

06-09-2022
10-05-2022

174-178 Haas Ave, San Leandro, CA 94577

  • RESIDENTIAL UNITS TO BE DELIVERED VACANT!
  • Fantastic Opportunities For Owner Occupiers In a City Where the Average Single Family Home Price Has Increased By Nearly 67% Over The Last 5 Year
  • 89 Walk Score, 1/2 Mile to San Leandro Plaza, 1 Mile to BART
  • Former Single Family Home That Has Legally Been Converted into a Duplex With Two Large One-Bedroom Units Averaging ±860 SF Each
  • Potential For Significant Rental Income Upside
  • Property Features Detached Garages, Carports and Workshop Currently Earning $400 Per Month - Potential For ADU Conversion and/or Addition
  • Residential Financing Available - 30-Year Fixed Interest Rates Wit Potential for 75-80% Loan To Value

Property Description

PRICE REDUCED! RESIDENTIAL UNITS TO BE DELIVERED VACANT!

The CBRE East Bay Multifamily Team is pleased to offer for sale 174-178 Haas Avenue, a 2-Unit residential property in Old Town San Leandro, just an 8-minute walk from San Leandro Plaza and under 1-mile to the San Leandro BART Station.

174-178 Haas Avenue was originally built as a craftsman style single family home and has legally been converted into a duplex. Built in 1912, the ±1,732 sq. ft.* structure is situated on a large ±7,150 sq. ft.* lot and features a unit mix of two large one-bedroom, one-bathroom units that average approximately ±860 sq. ft.* each. The units feature classic early 1900’s character including high ceilings, ample natural light, hardwood floors, baseboards, coal burning fireplace and large eat-in kitchens. The property also features a detached garage with 2 secured single car garages and 2 carports. The 2 secured garages are each rented out for $85 per month and the carports can be rented out for additional income in the future. The property also features a detached workshop that is approximately ±240 sq. ft.* and is currently rented for $230 per month. The exterior of the building was also painted in 2022 and the roof was replaced in 2013.   

174-178 Haas Avenue provides fantastic opportunities for owner occupiers in a city where the average price of a single-family home has increased by nearly 67% over the last 5 years and currently rests at $1,040,000. Additionally, Buyers will be able to take advantage of residential financing options with potential for 30-year fixed interest rates and 75-80% loan to value. The property also offers significant rental income upside potential and the unique opportunity for accessory dwelling unit conversions and/or additions to increase the total unit count of the properties.

*To be verified by Buyer

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
1 X 1 2 860 $ 2,100

Key Property Information

Listing Status
Under Contract
Multifamily type
2-4 Units
Price
$ 875,000
No. of Units
2
Average Occupancy
0%
Year Built
1912
Building Size
1,732 Sq ft
Lot Size
6,969.60 acres
No. of Stories
2
APN
076-0414-021-07
No. of Parking Spots
5
Opportunity Zone
No
Price per unit
$ 437,500
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37.729427, -122.156987

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