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$ 4,850,000
Est. payment /mo
Active
5464 Saint Mark AVE Newark, CA 94560
2 Beds
1 Bath
11,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 11,600 sqft
Price per Sqft $418
Lot Size 0.571 Acres
MLS Listing ID ML82062259
Bedrooms 2
Full Baths 1
Property Description
Magnify is pleased to present 5464 Saint Mark Avenue, a 16-unit multifamily investment opportunity situated on a prominent corner parcel in Newark, immediately adjacent to Fremont. The property features an all 2BD/1BA unit mix totaling 11,600 SF on a large 0.57-acre lot, with significant rental upside through interior renovations and unit turnover. Shovel-ready plans and approved building permits to build four ADUs create a clear path to additional income and value. Additional highlights include dual-pane windows and individual water meters, allowing ownership to pass water costs through to tenants and providing protection from rising water expenses. Further upside exists through improved hands-on management, reduced management fees, and lower overhead expenses. Located within 1 mile of Fremont and approximately 10 minutes from Downtown Fremont, the property offers excellent connectivity throughout the greater East Bay and Peninsula, with convenient access to the I-84/Dumbarton Bridge, I-880, and the Tesla Factory only 15 minutes away. With a desirable unit mix, strong submarket, corner-lot positioning, and multiple avenues for NOI growth, 5464 Saint Mark Avenue presents an attractive opportunity for investors seeking current income and long-term value creation.
Location
State CA
County Alameda
Area Newark
Zoning RM
Interior
Heating Wall Furnace
Cooling None
1-purchase type For Sale
Exterior
Garage Covered Parking
Utilities Available Public Utilities
Roof Type Flat / Low Pitch,Tar and Gravel
Building
Foundation Post and Pier, Wood Frame
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 092A-1010-051-01
Security Features None
Special Sale Not Applicable
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Listed by David Katz of Magnify Real Estate
Bought with David Katz of Magnify Real Estate
Bought with David Katz of Magnify Real Estate
