• Incredible Investment Opportunity: Priced at just $1,750,000, this Multi-Family property is a golden opportunity for savvy investors. With 6 spacious cottage style units, including two 2bd/1bth units and four 1bd/1bth units, this property offers a diverse range of income-generating possibilities.
• Maximum Profit Potential: Situated on an expansive 15,000 SF lot, this property has ample room for future development and rent growth. Get all the benefits of multifamily investing with the bonus of higher quality single family-like tenants in the detached cottage style units.
• Cost-Efficient Ownership: Each unit in this property is separately metered for gas and electricity as well as water and garbage. With tenants paying all utilities, owner expenses are kept to an absolute minimum allowing you to maximize your return on investment and enjoy hassle-free ownership.
• Prime San Leandro Location: Nestled in the heart of San Leandro, this property boasts a highly sought-after location. With its close proximity to major highways, public transportation, and a variety of amenities, this property offers convenience and accessibility that tenants will love. Plus, the vibrant local rental market ensures a steady stream of potential tenants.
• A Solid Investment: With its attractive price, potential for future development, cost-efficient ownership, and prime location, this Multi-Family property is a rock-solid investment. Whether you're an experienced investor or just starting your real estate portfolio, this property promises long-term growth and a strong return on investment.
• Seller-Carry Financing Available: Qualified investors can take advantage of a unique opportunity with seller-carry financing. Enjoy the flexibility of a low money down 6% interest rate loan for ten years, making it even easier to invest in this incredible property, ensuring stability and cash flow for many years.

Property Overview
• Welcome to 1265 147th Ave in San Leandro, CA, where an outstanding investment opportunity awaits. This property presents six spacious cottage-style units, comprising two generous 2-bedroom/1-bathroom units and four inviting 1-bedroom/1-bathroom units, catering to various living
preferences. Situated on a sprawling 15,000 square foot lot, the potential for future development is vast, allowing you to unlock even more value in this prime location. What sets this property apart is its thoughtful design, with each unit separately metered for gas and electricity. This not only provides convenience for tenants but also significantly minimizes owner expenses. Moreover, the property is meticulously well-maintained, ensuring that it stands as a testament to quality and longevity. Currently, all units are fully occupied, making it a sound investment choice from day one. To sweeten the deal, take advantage of seller-carry financing terms, offering an attractive 6% interest-only rate for ten years.

• 1265 147th Ave in San Leandro, CA, is situated in a convenient and accessible location, surrounded by a host of amenities. This residential address offers residents easy access to a variety of shopping and dining options, with the Bayfair Center just a short drive away, featuring a range of stores and restaurants. Nature enthusiasts will appreciate its proximity to scenic parks like Lake Chabot Regional Park and Marina Park, perfect for outdoor activities and relaxation. Additionally, the nearby San Leandro BART station ensures excellent connectivity to the greater San Francisco Bay Area, making it an ideal spot for those looking for a balance of suburban tranquility and urban convenience

OFFERING SUMMARY
COUNTY: Alameda
BUILDING SF: 4,292 SF
LAND SF: 15,008 SF
NUMBER OF UNITS: 6
YEAR BUILT: 1940
APN: 77D-1461-7
OWNERSHIP TYPE: Fee Simple

FINANCIAL SUMMARY
PRICE: $1,750,000
PRICE PSF: $407.74
PRICE PER UNIT: $291,667
OCCUPANCY: 99.00 %
NOI (CURRENT): $105,002
NOI (Pro Forma): $118,294
CAP RATE (CURRENT): 6.00 %
CAP RATE (Pro Forma): 6.76 %
CASH ON CASH (CURRENT): 6.00 %
CASH ON CASH (Pro Forma): 11.06 %
GRM (CURRENT): 12.74
GRM (Pro Forma): 11.40

PROPOSED FINANCING
Seller-Carry
LOAN TYPE: Interest Only & Amortized
DOWN PAYMENT: $262,500
LOAN AMOUNT: $1,487,500
INTEREST ONLY YEARS: 2
INTEREST ONLY RATE (1-2): 6.00 %
AMORITIZED RATE: 6.00 %
LOAN TERMS: 10 Years
ANNUAL DEBT SERVICE: $115,013
LOAN TO VALUE: 85 %