$5,400,000
$5,680,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
0.61 Acres Lot
SOLD DATE : 10/18/2019
Key Details
Sold Price $5,400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81750224
Sold Date 10/18/19
HOA Y/N No
Year Built 1963
Annual Tax Amount $73,794
Lot Size 0.610 Acres
Property Description
Sycamore Street Apartments is a stunning, 16-unit townhouse style apartment community located at 36851 & 36857 Sycamore Street in Newark, California. Built in 1963, the subject property consists of 2 identical apartment buildings situated on 2 separate but contiguous parcels approximately 0.30 acres each and has a combined gross building area of approximately 14,946 SF. The Sycamore Street Apartments offer an outstanding unit mix consisting of (14) 2-bedroom/1.5-bath townhouse units and (2) 3-bedroom/1.5-bath townhouse units. Sycamore Street Apartments has recently undergone significant capital improvements. Exterior renovations include new paving, new roof on both buildings, replaced or repaired fencing around property, one turned unit, address and parking numbers, landscaping, modern paint and wood siding to bring the property up to date. As well as replaced sewer lateral on 36851 side. The asset is well positioned to add value through interior renovation.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RL
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 12
Roof Type Flat
Total Parking Spaces 5
Building
Water Public
Schools
School District Alameda City Unified
Others
Tax ID 92244
Financing Other
Special Listing Condition Standard
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Bought with Chris Saiz • Marcus & Millichap
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