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Listed by Matthew Flaherty Colliers International
$ 1,492,500
Est. payment | /mo
0.34 Acres Lot
$ 1,492,500
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 426114848
HOA Y/N No
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Multi Family
Property Description
Sold together or separately, 225 & 243 Chumalia Street, two individually parceled, contiguous 7-unit buildings totaling 14 units in the heart of the Old San Leandro neighborhood. The property offers exceptional commuter connectivity, with immediate access to multiple bus lines, major transportation corridors, and the San Leandro BART station less than half a mile away - all providing residents seamless access to the greater Bay Area. The properties are further supported by their position within a dense concentration of high-growth industries, including healthcare, innovation infrastructure, and life sciences, among the fastest growing employment clusters in the broader regional ecosystem, complemented by San Leandro's robust and diversified local economy. Underpinned by strong in-place cash flow and over 19% in potential rental upside through natural unit turnover, 225 & 243Chumalia Street represent a compelling value-add opportunity with durable, long-term demand fundamentals. Though San Leandro has recently adopted Ordinance No. 2026- 001, capping annual increases at the lesser of 3% or 65% of CPI effective January 1, 2027, the property offers a rare combination of stable day-one cash flow with a clearly defined path to long-term appreciation, reinforced by robust market fundamentals and durable tenant demand.
Location
State CA
County Alameda
Area San Leandro
Interior
Fireplace No
Building
Lot Description Other
New Construction No
Others
Tax ID 7745110
Nearby Locations
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