392 Callan Avenue is on a 7,300 square foot lot and has a total of six units. The unit mix is very desirable and includes Two 1 Bedroom and Four 2 Bedroom units. The units have been renovated with hardwood floors, new cabinets, and appliances. Some units have in unit laundry and plenty of storage space. Additional community amenities include covered parking and new landscaping. The subject property is located just two blocks from San Leandro Plaza and Pelton Shopping center San Leandro's finest dining destinations are all within walking distance. With San Leandro BART located just a half mile away, this is an ideal location for tenants commuting to Downtown Oakland and San Francisco via BART. In place rents are significantly under market while rent growth in the East Bay remains extremely strong 392 Callan Street is an opportunity for investors to acquire a renovated asset and increase rents upon turnover.
Off market
$2,087,663
392 Callan Ave, San Leandro, CA 94577
3beds
2baths
5,214sqft
Lowrise (1-3 Flrs)
Built in 1912
-- sqft lot
$-- Zestimate®
$400/sqft
$6,218 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Gas
Cooling
- Other
Features
- Flooring: Hardwood
- Basement: Other
Interior area
- Total interior livable area: 5,214 sqft
Property
Parking
- Total spaces: 5
Features
- Exterior features: Other, Stucco
Lot
- Size: 7,405 sqft
- Features: Other
Details
- Parcel number: 774561
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Lowrise (1-3 Flrs)
Materials
- Roof: Other
Condition
- Year built: 1912
Community & neighborhood
Location
- Region: San Leandro
HOA & financial
Other financial information
- Total actual rent: 3494
Other
Other facts
- Roof: Other
- Heating: Gas
- HeatingYN: true
- CoolingYN: true
- Flooring: Hardwood
- NumberOfUnitsTotal: 6
- ConstructionMaterials: Stucco
- ParkingFeatures: Covered
- MaintenanceExpense: 3300
- Cooling: Other
- TenantPays: Electricity, Gas, Water
- ExteriorFeatures: Other
- Basement: Other
- LotFeatures: Other
- OtherEquipment: Other
- CapRate: 4.22
- ProfessionalManagementExpense: 0
- VacancyAllowance: 0
- MlsStatus: Pending
- GrossIncome: 127140
- GrossScheduledIncome: 123962
- InsuranceExpense: 2760
- NetOperatingIncome: 86035
- OperatingExpense: 37927
- TotalActualRent: 3494
- PropertySubType: Lowrise (1-3 Flrs)