1461 150th Ave, San Leandro, CA 94578 - Photo 1

1/1

$2,600,000

Sold
Closed
Commercial Residential Facility
0.35 Acres

1/1

Property Description

Listing is for both 1461 & 1475 150th Ave in San Leandro. 1461 & 1475 150th consists of 14 total units, comprised of two seven-unit buildings on separate parcels. The two-story structures were built in 1960 and offer tenants 12 covered parking spaces, 2 surface parking spaces as well as a community laundry room. The building has been well maintained during the current ownership's hold period spanning more than three decades. A new owner can unlock significant upside by modernizing the already well-maintained building exterior and common areas as well as renovating units to a modern style finish on unit turnover. Cap Rate: 5.77% (8.21% Market) / GRM: 11.32 (8.77 Market). Cash on Cash estimated at 2.96% in Year 1 to grow to an estimated 17.00% over 10-year hold.

Full Property Details

Full Property Details for 1461 150th Ave

General

Sold For: $2,600,000
Status: Closed
Type: Commercial Residential Facility
Source: MAX
MLS ID: 41058446
Added to Site: 637 day(s) ago

Interior

Interior Features: Storage
Appliances: Gas Water Heater
Flooring: Vinyl, Carpet

Rooms

Other Rooms

Laundry: Coin Operated, Community Facility, Laundry Equip - Leased, Coin Operated, Community Facility, Laundry Equipment (Leased)

Parking

Parking Features: Covered, Space Per Unit - 1, Uncovered Park Spaces 2+

Location

Area: Listing
County: Alameda
Subdivision: North Bal
Driving Directions: On 150th Ave, east of E 14th St

Heating & Cooling

Cooling Type: Ceiling Fan(s)
Heating Type: Natural Gas, Wall Furnace

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Exterior Const.: Brick Veneer, Stucco, Frame
Roof: Flat
Living Area: 9,492 Sq. Ft.
Year Built: 1960

Lot Features

Lot Size (Acres): 0.35
Lot Dimensions: 15246
Lot Features: Regular, Landscape Front
Lot Description: Regular, Landscape Front

Financial Considerations

For Sale: Yes
Price Per Sq. Ft.: $337
Terms: Conventional, 1031 Exchange

Disclosures and Reports

Property ID: 77E160633, 4

Listed and Sold by Marcus & Millichap, Joseph Owens

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Listing agent

— 1461 150th Ave —

Joseph Owens

Marcus & Millichap

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Schools

Schools serving 1461 150th Ave

School District:San Lorenzo Unified School District

Name	Grades	Distance
Corvallis Elementary School 14790 Corvallis Street, San Leandro, CA 94579	K-5	1.4 mi
Edendale Middle School 16160 Ashland Avenue, San Lorenzo, CA 94580	6-8	1 mi
San Lorenzo High School 50 East Lewelling Boulevard, San Lorenzo, CA 94580	9-12	1.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1461 150th Ave

Date

Details

Price

Change

Source

4/29/2025

Sold

$2,600,000

-18.75%

MLS

11/13/2024

Price Reduced

$3,200,000

-5.88%

MLS

6/07/2024

Price Reduced

$3,400,000

-5.56%

MLS

5/03/2024

Listed

$3,600,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Residential Lots
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Updated 4 days ago

0.1
Acres

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Just Listed

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Open House

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Single Family
Active
Updated 1 hour ago

3
Beds
2
Total Baths
1,705
Sq. Ft.

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Just Listed

$675,000

Open House

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Single Family
Active
Updated 20 hours ago

3
Beds
1
Total Bath

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Just Listed

$925,000

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Single Family
Active
Updated 1 day ago

3
Beds
2
Total Baths
1,755
Sq. Ft.

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19092 Ricardo Ave San Lorenzo, CA 94541

Single Family
Active
Updated 3 days ago

3
Beds
2
Total Baths

Listed by Berkshire Hathaway Home Services, Andrews Simon

1100 Park Ave, Alameda, CA 94501 - Photo 1

Price Reduced

-$25,000 (-2%)

$1,225,000

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Multi-Family
Active

Listed by David Valva (CalRE#: 00811437) (510) 851-0282 and Noriko Yasui Higashi (CalRE#: 02064050) (510) 393-3753

1523 Verdi St, Alameda, CA 94501 - Photo 1

Price Reduced

-$100,000 (-4.01%)

$2,395,000

1523 Verdi St Alameda, CA 94501

Commercial Residential Facility
Active
Updated 3 days ago

0.18
Acres

Listed by Keller Williams Tri-Valley, Jason Pugao and KW Advisors East Bay, Guy Blume

721 Delve Ct, Hayward, CA 94544 - Photo 1

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Townhouse
Active
Updated 1 day ago

4
Beds
4
Total Baths

Listed by KW Advisors, Abhi Indap

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Sold

$2,650,000

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Single Family
Closed

5
Beds
4
Total Baths

Listed by BHHS Drysdale Properties, Catherine Brent and BHHS Drysdale Properties, Kelly McCoy
Sold by Futuremark Realty, Taxiao Wang

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Sold

$2,570,000

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Single Family
Closed

4
Beds
4
Total Baths

Listed by RE/MAX Accord, Serean Kimmel
Sold by Yellow Dog Real Estate, Carolyn Mitchell

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Sold

$2,550,000

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Single Family
Closed

4
Beds
4
Total Baths

Listed by KW Advisors East Bay, Remy Weinstein
Sold by Sotheby's International Realty, Jim ONeil

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Sold

$2,525,000

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Commercial Residential Facility
Closed

0.51
Acres

Listed by Compass, Sue Flashberger and Compass, David Flashberger
Sold by Keller Williams Tri Valley Realty, David Weglarz

1461 150th Ave, San Leandro, CA 94578 (MLS# 41058446) is a Commercial Residential Facility property that was sold at $2,600,000 on April 29, 2025. Want to learn more about 1461 150th Ave? Do you have questions about finding other Commercial Residential Facility real estate for sale in San Leandro? You can browse all San Leandro real estate or contact a Coldwell Banker agent to request more information.

1461 150th Ave San Leandro, CA 94578