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    6054 Cedar Boulevard

    Newark, CA 94560
    • $16,250,000
    • STATUS: Active
    • ON SITE: 122 days
    • ID#: ML81798161
    UPDATED: 24 min ago
    $16,250,000
    • 0
      BEDS
    • 1.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    The property is a 40-unit apartment community located in thriving Newark, Ca.*The property consists of 4 separate parcels of land and 8 buildings: 92A-617-45-1, 92A-617-44, 92A-617-43-1, 92A-617-40-1. Situated on 1.26-acre parcels of land, the subject property was originally constructed in 1962 and has a gross building area of approximately 32,997 sq ft, offering its tenants beautifully designed two-bedroom floor plans. It has recently undergone significant exterior and interior renovations. Over $1.1 million dollars have been spent on capital improvements. Unit interiors have been remodeled with modern high-end designer finishes, dual pane windows, updated kitchens, modern hard flooring, designer paint, electronic thermostats, and in-unit washer/dryers*. There are also individual water heaters in every unit. The subject property features convenient community amenities including a sunny community courtyard, bbq/picnic area, private carport parking, and laundry. *In select units

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-26T11:37:26.923.

    www.lucasgphomes.com/homes/107197502
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    6054 Cedar Boulevard Newark, CA 94560

    • Price: $16,250,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: ML81798161
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.26
    Acres
    1962
    Built
    Neighborhood:
    Newark
    County:
    Alameda
    Area:
    Newark
    Property Description
    The property is a 40-unit apartment community located in thriving Newark, Ca.*The property consists of 4 separate parcels of land and 8 buildings: 92A-617-45-1, 92A-617-44, 92A-617-43-1, 92A-617-40-1. Situated on 1.26-acre parcels of land, the subject property was originally constructed in 1962 and has a gross building area of approximately 32,997 sq ft, offering its tenants beautifully designed two-bedroom floor plans. It has recently undergone significant exterior and interior renovations. Over $1.1 million dollars have been spent on capital improvements. Unit interiors have been remodeled with modern high-end designer finishes, dual pane windows, updated kitchens, modern hard flooring, designer paint, electronic thermostats, and in-unit washer/dryers*. There are also individual water heaters in every unit. The subject property features convenient community amenities including a sunny community courtyard, bbq/picnic area, private carport parking, and laundry. *In select units
    Exterior Features

    Parking Description Covered ParkingSpaces - Assigned Parking Spaces Total 12 Roof Composition Shingles

    Interior Features

    Apx Sq Ft Unit1 850 Apx Sq Ft Unit2 850 Bedrooms Unit1 2 Bedrooms Unit2 2 Cooling Other Heating Wall Furnace

    Property Features

    Annual Gross Sched Income 1072332 Annual Taxes 208032 Annual Utility Expense 7313 Building Type Other Disabled Features Other Hoa YN No Net Operating Income 732729 Operating Expenses Maintenance/RepairTrash RemovalUtilities Tenant Pays ElectricGasWater Tot Bldg Sq Ft 32997 Zoning Rm

    Listing courtesy of Robert Johnston of Marcus & Millichap.


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-26T11:37:26.923.

     
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