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755 Fargo Ave
San Leandro, CA 94579
Multifamily Property For Sale
·
22 Units
Investment Highlights
- 22 Single-Story Units on Large One Acre Parcel
- Two Newly Constructed ADU's (All Electric Units with Solar Roof)
- Sewer Laterals Servicing Studio Building, Right-Side Building, and Front Home are Replaced
- Updated Electrical (New Siemens Main Panel Servicing Right-Side Building, ADU, and Duplex)
- Fourteen Remodeled Units (Nine Studios and Five One-Bedrooms
- New Roof on Studio Building and Duplex (Approx. Three Years Old)
Executive Summary
BCG Multifamily is pleased to present 755 Fargo Avenue, a 22-unit multifamily community in San Leandro, one of the East Bay's most established and well located rental markets. Set on a nearly one-acre parcel, the property offers a diverse mix of studio, one bedroom, and two-bedroom units across multiple buildings, including two newly constructed accessory dwelling units (ADUs). Originally built in 1948 and improved through a recent capital program, the asset pairs durable, well-maintained construction with a highly desirable location.
The property has a history of strong occupancy and consistent tenant demand, supported by its location, unit mix, and desirable single story layout. The current ownership has put real money into the property in recent years, including a new roof on the studio building, a replaced sewer lateral, upgraded electrical, solar serving the ADUs, and a number of renovated units. That investment leaves the next owner with fewer near-term capital concerns and a property positioned to perform reliably for years to come. With a well-maintained asset in a proven location, 755 Fargo Avenue offers a rare combination of stability today and the opportunity to build value over time.
The property has a history of strong occupancy and consistent tenant demand, supported by its location, unit mix, and desirable single story layout. The current ownership has put real money into the property in recent years, including a new roof on the studio building, a replaced sewer lateral, upgraded electrical, solar serving the ADUs, and a number of renovated units. That investment leaves the next owner with fewer near-term capital concerns and a property positioned to perform reliably for years to come. With a well-maintained asset in a proven location, 755 Fargo Avenue offers a rare combination of stability today and the opportunity to build value over time.
Property Facts
| Price Per Unit | $330,031 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 7.15% | Building Size | 12,150 SF |
| Gross Rent Multiplier | 9.62 | Average Occupancy | 96% |
| No. Units | 22 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 2.55/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RM-18, San Leandro | ||
| Price Per Unit | $330,031 CAD |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| Gross Rent Multiplier | 9.62 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 12,150 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 2.55/1,000 SF |
| Zoning | RM-18, San Leandro |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 450 |
| 1+1 | 9 | - | 612 - 633 |
| 2+1 | 2 | - | 732 - 742 |
| 2+2 | 1 | - | 1,200 |
Property Taxes
| Parcel Number | 080H-1515-001-00 | Improvements Assessment | $5,282,753 CAD |
| Land Assessment | $2,727,172 CAD | Total Assessment | $8,028,262 CAD |
Property Taxes
Parcel Number
080H-1515-001-00
Land Assessment
$2,727,172 CAD
Improvements Assessment
$5,282,753 CAD
Total Assessment
$8,028,262 CAD
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