325 Joaquin AveSan Leandro, CA 94577

  • Office properties
  • 13,622 SF
For Sale
$3,580,000 View listing

Property Details for 325 Joaquin Ave

Year built
1986
Construction
WOOD
Lot size
0.36 AC
Property size (Sq ft)
13,622 SF
Property type
Office properties
Property subtype
Office buildings
APN
75-14-15-1
APU
7514151

Description

This exceptional investment opportunity presents a fully occupied, 13,622 square foot Class B office building located at 325 W Joaquin Ave, San Leandro, CA 94577. The property boasts a 5.00% cap rate and a strong net operating income (NOI) of $179,177. Built in 1986, this two-story building comprises 16 units within a single structure, offering convenient elevator access and ample private parking. Currently operating at 100% occupancy, with the lease expiring August 31st, 2024, this stabilized investment provides immediate cash flow. The property is zoned DA-1 and is ideally suited for a 1031 exchange. The well-maintained building reflects the pride of ownership and presents a compelling opportunity for investors seeking a stable, high-return asset in the desirable San Leandro market within Alameda County. Detailed financial statements are available upon request. This is a turnkey investment ready for immediate ownership.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,291,484
    6.5%
    $5,807,524
    7%
    $5,392,700
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,499,257
    Geo Method
    $3,799,312
  • Alternative Use

    Use
    Valuation
    Residential
    $7,201,330
    Hospitality
    $6,596,379
    Educational
    $5,488,110
    Medical
    $5,676,854
    Retail
    $8,537,060
325 Joaquin Ave, San Leandro, California

Location Insight

City
San Leandro
County
Alameda
State
California
Latitude
37.7231
Longitude
-122.157
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$36,503
$656,178
$2,023,215
$2,679,393
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