955 Karol Way

Investment Overview

The Mitchell Warren Team is pleased to present 955 Karol Way, a well-maintained 19-unit multifamily property situated on a large 37,200 square foot lot in San Leandro. The property features an attractive unit mix of sixteen (16) 2-bedroom/1-bathroom units and three (3) 2-bedroom/1.5-bathroom townhome units, 16 of which have been renovated. A true turnkey asset, the property has benefited from extensive capital improvements, including a new TPO roof, copper plumbing, updated electrical, seismic upgrades, and vinyl dual-pane windows. The oversized lot provides 30+ on-site parking spaces, including three garages, and additional income is generated through on-site laundry. The property represents an exceptional investment opportunity in one of the East Bay's most established rental markets.

Investment Highlights

• 19-unit multifamily property on a 37,200 SF lot with 30+ on-site parking spaces
• Attractive unit mix of sixteen (16) 2BD/1BA units and three (3) 2BD/1.5BA townhome units
• Extensive capital improvements, including a new TPO roof, copper plumbing, updated electrical, seismic upgrades, and vinyl dual-pane windows
• 16 of 19 units renovated, minimizing near-term capital expenditures
• Walking distance to Downtown San Leandro and the San Leandro BART Station with convenient access to I-580 and I-880
• Additional income from on-site laundry with long-term upside through continued market rent growth