14950 Zelma Street is a unique opportunity to acquire a well-maintained property located in the sought after San Leandro rental market. The 31-unit (28 units and 3 non-conforming units), 24,690 square foot property consists of twenty seven (27) two bedroom/one bathroom units, two (2) three bedroom/ one bathroom units, one (1) one-bedroom/one bathroom unit, and one (1) studio. Constructed in 1964, 14950 Zelma is a three story structure with approximately 24,690 gross living space and set on a 30,056 square foot lot. The property recently underwent capital improvements including a new seismic retrofit and a new roof installed. The exterior paint was recently completed in 2020. In addition, tenants enjoy 31 gated parking spaces with seven stalls used for guests.
Off market
$9,235,266
14950 Zelma St, San Leandro, CA 94579
6beds
4baths
1,640sqft
Apt Complex
Built in 1964
-- sqft lot
$-- Zestimate®
$5,631/sqft
$4,017 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Cooling
- Other
Features
- Flooring: Other
- Basement: Other
Interior area
- Total interior livable area: 1,640 sqft
Property
Parking
- Total spaces: 39
Features
- Exterior features: Other
Lot
- Size: 0.69 Acres
- Features: Other
Details
- Parcel number: 80H154134
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apt Complex
Materials
- Roof: Other
Condition
- Year built: 1964
Utilities & green energy
Green energy
- Energy efficient items: Other
Community & neighborhood
Location
- Region: San Leandro
HOA & financial
Other financial information
- Total actual rent: 1
Other
Other facts
- Roof: Other
- Heating: Other
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 31
- Cooling: Other
- Flooring: Other
- ExteriorFeatures: Other
- Basement: Other
- ParkingFeatures: Other
- TenantPays: Other
- LotFeatures: Other
- OtherEquipment: Other
- InsuranceExpense: 0
- TotalActualRent: 1
- CapRate: 4.99
- GreenEnergyEfficient: Other
- VacancyAllowance: 0
- Skirt: Other Skirt
- MlsStatus: Active
- PropertySubType: Apt Complex
- GrossIncome: 724257
- GrossScheduledIncome: 724257
- MaintenanceExpense: 12400
- NetOperatingIncome: 464175
- ProfessionalManagementExpense: 28970
- TaxAnnualAmount: 111089
- ListPriceLow: 8950000