107 Euclid Ave, San Leandro, California 94577
Size: 8 Units
Price: $2,200,000

107 Euclid is an eight unit property located in the City of San Leandro in the County of Alameda. The property boasts over 10,000 square feet of interior space and sits on a 12,000 square foot lot. The unit mix includes six, two bedroom - one and one half town homes and two, three bedroom - one and one half bathroom town homes. The property has a parking area at the rear with eight covered parking spaces and four open spaces. The units are all electric, individually metered for electric and master metered for water. Heating consists of wall heating units that are controlled per zone by a thermostat in its respective room. The upstairs hallway has a laundry closet with a 220 outlet for a dryer and plumbing hookups and power for the laundry machine.

Although the property has been well maintained over the years, with counter, flooring and appliance upgrades in select units, it largely consists of original finishes allowing a new investor two distinct strategies. One, to leave the property largely as-is and improve the rent roll on turnover with light upgrades to achieve an excellent return. Secondly, an investor can choose to invest significant capital to achieve even higher market rents adding significant appreciation and cash flow to the operations.

Located only a few minute drive to Downtown San Leandro and the San Leandro BART station, the residents of 107 Euclid benefit from a bevy of amenities only a short distance away. The property's excellent unit mix and value add potential, coupled with interest rates at historical lows, make for an excellent investment and great addition to the savvy investors' portfolio.