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Doug Goss

dgoss@kw.com +1(408) 234-0417

Listed by David Katz • Magnify Real Estate, DRE#01971921

$4,850,000

Est. payment - /mo

2 Beds

1 Bath

11,600 SqFt

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Open House

Thu Oct 08, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 11,600 sqft

Price per Sqft $418

MLS Listing ID ML82062259

Bedrooms 2

Full Baths 1

Year Built 1960

Lot Size 0.571 Acres

Property Sub-Type Five or More Units

Property Description

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 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.

Location

State CA

County Alameda

Area Newark

Zoning RM

Interior

Heating Wall Furnace

Cooling None

Laundry Coin Operated

Exterior

Parking Features Covered Parking

Utilities Available Public Utilities

Roof Type Flat / Low Pitch,Tar and Gravel

Building

Foundation Post and Pier, Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 092A-1010-051-01

Security Features None

Special Listing Condition Not Applicable

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Doug Goss

+1(408) 234-0417

Broker Associate License ID: 01182111

5464 Saint Mark AVE Newark, CA 94560

Doug Goss

Open House

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION