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… Read More 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. Read Less
Courtesy of Magnify Real Estate, David Katz 408-438-0585
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
11,600
Lot Size
0.57 Acres
Year Built
1960
MLS Number
ML82062259
30 Days Snapshot Of 94560
$1.21M
-12%
(avg) sold price
5
-44%
homes sold
33
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 24870.00, Max Area Units: Square Feet, Lot is 0.57093663911846 acres
Accessibility Features
None
Unit One
725 approximate square feet, 2 bedrooms
Building
11,600 structure square feet, Age: 66, Built in 1960, 1 building, 16 minimum units in complex
Cooling
None
Foundation
Post and Pier, Wood Frame
Garage
Covered Parking
Water Features
Public
Heating
Wall Furnace
Laundry
Coin Operated
Tenant Pays
Utilities - Electric, Utilities - Gas, Utilities - Water
Miscellaneous
Total expenses: 156584
Property
Zoning: RM
Roof
Flat / Low Pitch, Tar and Gravel
Security Features
None
Taxes
Annual tax amount: $64,900
Sewer
Sewer - Public
Utilities
Separate Common Area, Separate Electric, Separate Gas, Separate Water, Public Utilities
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