PROPERTY DESCRIPTION
This property features a total of four units, including a distinct owner ' s unit that boasts 3 bedrooms and 2 bathrooms, a fireplace, patio and a private 2-car garage with a separate address.
Unit Mix:
Unit A: 2 bedrooms, 2 bathrooms, rented at $2,530/month.
Unit B: 2 bedrooms, 2 bathrooms, Owner-occupied, will be delivered vacant, projected rent $2,600/month.
Unit C: 2 bedrooms, 2 bathrooms, rented at $2,416/month.
Unit D: 603 Victoria Ct, 3 bedrooms, 2 bathrooms, currently vacant, projected rent $3,700/month.
Additional Features: Coin-operated laundry providing additional income of $250 - $300 per month.
Additional Income Potential: 1 Extra Carport Parking Space and Downstairs Storage Rooms could be offered for additional income.
Unit A: 2 bedrooms, 2 bathrooms, rented at $2,530/month.
Unit B: 2 bedrooms, 2 bathrooms, Owner-occupied, will be delivered vacant, projected rent $2,600/month.
Unit C: 2 bedrooms, 2 bathrooms, rented at $2,416/month.
Unit D: 603 Victoria Ct, 3 bedrooms, 2 bathrooms, 2-car attached garage, currently vacant, projected rent $3,700/month.
PROPERTY DESCRIPTION
Exterior Building Information
Construction Materials: Stucco
Building Area Total: 4,796
Exterior Features:
Private Decks / Patio Off Each Unit
Laundry Facilities: Coin Laundry Available
Utility Information
Separate Meter: Electric, Gas
Heating & Water
Heating: Gas
Appliances: Electric
Lot Information
Lot Size Square Feet: 6875
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Lot Features: Corner Lot, Level
Rental Income: Current: $4,946/month from rented units.
Fully Occupied Projection: $11,246/month.
Operating Expenses:
Maintenance and Repairs: Estimated $21,000 annually ($1,750/month).
Property Taxes: Estimated at 1.25% of purchase price, $26,250 annually ($2,187.50/month).
Insurance: To be determined based on quotes.
Management Fees: Estimated 6% of rental income if using property management.
Cash on Cash Return: (14.35% - 14.87%)
This assumes a 25% down payment ($525,000).
SAN LEANDRO CITY JOBS & EMPLOYMENT OPPORTUNITIES
The major employers in San Leandro, CA include:
BCI Coca-Cola Bottling Co.
OSIsoft LLC
Torani Foods
Ghirardelli Chocolate Company
San Leandro Unified School District
Kaiser Permanente Medical Group
UPS City of San Leandro
Costco Wholesale
San Leandro has many jobs available in the manufacturing and technology sectors. According to Data USA, the three fields with the most percentage employment are: Medical-related (5.25%), Education (4.93%) Computer Systems Design (3.96%)
Neighborhood: Broadmoor, San Leandro Eclectic Bay Area architecture, tree-lined streets, and yards bursting with landscaped greenery are the hallmarks of this central San Leandro neighborhood. The Broadmoor District is a lively community with a small park, an elementary school, and two grocery stores. It sits just north of the city’s downtown district and the San Leandro BART station.
LOCATION
This Neighborhood Has More Owners
Broadmoor Community
San Leandro, CA
LOCAL SERVICES
BANKING
1st United Credit Union: 600 Bancroft Ave
Fremont Bank: 1480 E 14th St
Bank of America: 1400 E 14th St
Wells Fargo: 1298 E 14th St Fl 1
Chase Bank: 1501 E 14th St
Citibank ATM: 1300 Fairmont Dr
U.S. Bank: 1585 E 14th
Patelco Credit Union: 1300 E 14th St
DINING
Paradiso Restaurant: Italian and seafood restaurant
Zocalo Coffee: Community
Cafe
Moussaka Mediterranean
Kitchen
Harry's Hofbrau: American restaurant and bar
Elios Family Restaurant: American restaurant
Top Hatters Kitchen & Bar: international restaurant
Pearl Bay Tea House: Chinese and Asian restaurant
Horatio's: Steakhouse and seafood restaurant
SHOPPING
Safeway Grocery Store: 555 Bancroft Ave
Pak’N Save Store: 555 Floresta Blvd
Bayfair Mall: 15555 E 14th St
West Gate Shopping Center: 1933 Davis St
Greenhouse Shopping Center: 699 Lewelling Blvd
