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1625 Mono Avenue

San Lorenzo, CA



ARA Newmark, as the exclusive listing agent, is pleased to present

1625 Mono Avenue

an 8-unit value-add opportunity in the non rent-controlled city of

San Lorenzo, CA.

SHOWINGS SCHEDULED - CALL AGENT FOR DETAILS.

Click here to access the Offering Memorandum.

 

OFFERED AT $1,800,000

This equates to a current 5.6% Cap & 13.3 GRM and 6.6% market Cap & 12.1 market GRM.

INVESTMENT HIGHLIGHTS

  • Repositioning Opportunity
    • Current Rents are Below Market Rate
  • Excellent Unit Mix*
    • Seven 1 Bedroom x 1 Bathroom Units
    • One 2 Bedroom x 1 Bathroom Unit
    • Average Unit Size of  637 SF (assumed from tax records)
    • Each Unit has its own Private Yard
  • Six Private Garages Plus Twelve Additional Parking Spots on Property
  • Conveniently Located to the Shops and Restaurants at Bay Fair Mall as well as Commuter Accessways including Bay Fair BART Station, I-580 & I-880

*Units are currently leased to Section 8 program participants

Click here to access the Offering Memorandum.



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