467 Albion Ave.
Size: 9 Units
Price: $1,450,000

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire 467 Albion Ave., a 9-unit multifamily property located in San Lorenzo. This is an opportunity for an investor to acquire a property in a community that connects the East Bay with the Peninsula and Silicon Valley.

467 Albion Ave. is a nine-unit multifamily property located in San Lorenzo. The unit mix consists of (5) studios and (4) 1 bedroom / 1 bathroom. It sits on a lot that is 0.29 acres or 12,415 Sqft. Residents enjoy amenities such as on-site parking and on-site laundry.

Located in the heart of San Lorenzo, this property offers residents unparalleled convenience to a variety of local attractions. Two shopping centers are within walking distance, featuring over 20 stores, services, and restaurants, including Walmart, Starbucks, Big 5 Sporting Goods, and In-N-Out Burger. Additionally, Greenhouse Marketplace is just a short drive away, offering more than 15 shops and services such as Safeway, Chase Bank, and CVS Pharmacy. The property’s proximity to the 880/580 junction provides seamless connectivity, enabling quick access to destinations across the East Bay and a straightforward drive to the South Bay.

As of January 2025, the median household income in San Lorenzo, California, is around $100K, while the median home price stands at $845K. Potential homeowners face intense competition from highincome earners working in neighboring cities such as Fremont, Milpitas, Redwood City, and San Mateo, who often pay above the asking price. This dynamic places homeownership out of reach for many local residents, fostering a robust tenant base.

Location and Property Highlights

  • Designated parking spots and ample street parking in the area.

  • Single-story buildings that allow for convenient access.

  • Property has significant value up-side.

  • Location allows for easy access to major employment centers in the East Bay and on the Peninsula.

  • Walking distance from prominent retailers like Walmart, In-N Out, Starbucks, and Grocery Outlet.

  • Location close to Downtown San Leandro and Hayward.

  • San Leandro BART is a short drive away.