Newark, CA 94560,Address not disclosed
Newark, CA 94560,Address not disclosed
Newark, CA 94560,Address not disclosed
7
$5,400,000
$5,680,000
4.9%
Est.Price: ?

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0.61 Acres Lot

Address not disclosed Newark, CA 94560

Est. payment /mo
SOLD DATE : 10/18/2019

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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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California Regional MLS (CRMLS)
Listed by Adam S. Levin • Marcus & Millichap
Bought with Chris Saiz • Marcus & Millichap

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Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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