Properties

Comm Ri Multi-units 5+ For Sale

4,518 Sqft - 5284 Central Avenue, FREMONT, California 94536

QR Code
Property Description

5284 Central Avenue is a rare value-add investment property in the highly desirable City of Fremont. Constructed in 1960, this 6-unit building consists of (3) One-bedroom / One-bath units and (3) Two-bedroom / One-bath units with a gross building area of 4,518 square feet on a large corner parcel totaling 9,605 square feet. Each unit includes a private balcony, patio, or backyard, in addition to a tenant storage locker, and there is ample parking with 19 total spots. Two out of six units have been fully remodeled, and there is value-add upside through additional interior renovations and exterior improvements. The property also includes a Solar Panel system that generates extra monthly income through electric bill-back to the tenants. 100% rent collection during COVID! The building is located in close proximity to downtown Fremont, Bart Station, and major technology employers such as Tesla, with easy access to Highway 880 and the Dumbarton Bridge to the Peninsula.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81822829
Price : $1,988,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,518 Sqft
Year Built : 1960
Lot Area : 0.22 Sqft
Features
Heating System : Forced Air 1 Zone, Wall Furnace, Solar
Cooling System : Ceiling Fan(s)
Roof : Other
Address Map
Country : US
State : CA
County : Alameda
City : FREMONT
Zipcode : 94536
Street : Central Avenue
Street Number : 5284
Floor Number : 0
Longitude : W123° 59' 1.6''
Latitude : N37° 32' 25.4''
MLS Addon
Office Name : Katz Inc
Building Type : Other
Area : Union City
Address : 5284 Central Avenue
LA1User Code : MLL5083295
LA1Agent First Name : Eric
LA1Agent Last Name : Katz
Status Category : Sold
Tot # Parking Spaces : 10
Tot # of Units : 0
Zoning : R-G
List $/SqFt : $0
Age : 60
Apx Lot Sq Ft : 9,604 Sqft
Type of Building : Apt Complex
Annual Taxes : $25,807
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
FLOORING : Laminate
ON-SITE PARKING DESC : Covered Parking, Spaces - Assigned
OPERATING EXPENSES : Insurance, Utilities
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Dishwasher
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
ENERGY SAVING FEATURE : Solar Power
LAUNDRY : Coin Operated
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.69
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,988,000
Sold Price : $1,850,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 136530
Net Oper Income : 93263
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 4135
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 14.56
Buyer Agent DRE Num. : 01971921
List Agent DRE Num. : 01900078
Filtered Address : 5284 Central AVE
LA1Agent License ID : 01900078
LA1Old Agent ID : 385544
SA1Agent First Name : Eric
SA1Agent Last Name : Katz
SA1Agent License ID : 01900078
SA1User Code : MLL5083295
SA1Old Agent ID : 385544
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : MLSListings Datashare
Assessors Parcel No : 501-0814-065
Showing : Call Listing Agent
SO1Office Abbreviation : MLL5017028
SO1Office Name : Katz Inc
LO1Main Office ID : 88971
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 88971
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 1850000
Address Search Number : 5284
Listing Agent : 335868
Listing Office : 88971
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 335868
Buying Office 1 : 88971
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 7
Input Date : 10/12/2020 03:22:46
Update Date : 10/02/2021 17:07:49
PhotoTimestamp : 10/02/2021 15:04:56
First Photo Add Timestamp :
List Date : 10/12/2020
Expire Date :
Pending Date : 28/12/2020
Closing Date : 26/01/2021
Status Date : 09/02/2021
Price Date :
Off Market Date : 28/12/2020
Status : Sold
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 19
Cumulative DOMLS : 19
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 750
Unit # 2 # of Bedrooms: 2
Unit # 2 Approx. SqFt: 800
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81822829
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 4,518 Sqft
$1,988,000
Agent info
Contact Agent