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185 Belleview Dr 5 Unit Apartment Building $2,350,250 CAD ($470,050 CAD/Unit) 5.21% Cap Rate San Leandro, CA 94577
INVESTMENT HIGHLIGHTS
- Can be acquired separately as a 5-unit property or combined with 350 Lafayette as a 10-unit property
- Walking distance to BART, Old San Leandro and Estudillo Estates (Safeway, Zocalo Coffee, Paradiso)
- Updated kitchens include: quartz counters, stainless steel appliances, new cabinets, undermount sinks
- 350 Lafayette is an adjacent 5-unit property with a separate parcel ID
- Fully Renovated in 2016 with updated kitchens and baths
- Units include: wood style flooring, in-unit washer/dryer, electric thermostat
EXECUTIVE SUMMARY
Available to be acquired separately as a 5-unit property or combined with 350 Lafayette as a 10-unit property
185 Belleview and 350 Lafayette consist of 10 units across two separate five-unit buildings. Originally built in 1943, both properties underwent a full renovation in 2016,
when they were stripped to the studs and completely remodeled. Each unit features modern finishes including quartz counter tops, stainless steel appliances, updated
kitchens and bathrooms, and in-unit washer/dryers. Both buildings also provide garage parking, with two garages available per property for select tenants, and each
building received a new roof as part of the renovation, ensuring long-term durability and reduced maintenance costs.
185 Belleview and 350 Lafayette consist of 10 units across two separate five-unit buildings. Originally built in 1943, both properties underwent a full renovation in 2016,
when they were stripped to the studs and completely remodeled. Each unit features modern finishes including quartz counter tops, stainless steel appliances, updated
kitchens and bathrooms, and in-unit washer/dryers. Both buildings also provide garage parking, with two garages available per property for select tenants, and each
building received a new roof as part of the renovation, ensuring long-term durability and reduced maintenance costs.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,350,250 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $470,050 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.21% | Building Size | 4,613 SF |
| Gross Rent Multiplier | 12.39 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1943 |
| Property Subtype | Apartment | Parking Ratio | 0.43/1,000 SF |
| Price | $2,350,250 CAD |
| Price Per Unit | $470,050 CAD |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| Gross Rent Multiplier | 12.39 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,613 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1943 |
| Parking Ratio | 0.43/1,000 SF |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Heating
- Hardwood Floors
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $3,304 CAD | 822 |
| 2+1 | 2 | $3,449 CAD | 1,072 |
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Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 075-0188-050-00 | Total Assessment | $1,931,353 CAD |
| Land Assessment | $580,627 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,350,726 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
075-0188-050-00
Land Assessment
$580,627 CAD
Improvements Assessment
$1,350,726 CAD
Total Assessment
$1,931,353 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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185 Belleview Dr
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