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Listed by Eric Katz • Magnify Real Estate
$5,288,000
Est. payment /mo
2 Beds
1 Bath
11,744 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 11,744 sqft
Price per Sqft $450
MLS Listing ID ML82019251
Bedrooms 2
Full Baths 1
Year Built 1960
Lot Size 0.522 Acres
Property Sub-Type Five or More Units
Property Description
Magnify is pleased to present 5424 Saint Mark Avenue, a 16-unit investment opportunity located in Newark, CA. Built in 1960 and located at the border of Fremont, this property offers immediate access to one of the strongest employment corridors in the East Bay. The building consists of an efficient unit mix with 100% 2-Bed/1-Bath units totaling 11,744 rentable square feet. Approximately 1/3rd of the units have been upgraded with new flooring, appliances, and windows, while the remaining units provide significant upside for additional value-add renovations. Set on a 22,751 SF lot, its prime location in a robust rental market places residents just minutes from major employers such as Teslas' Fremont Factory and the broader Silicon Valley tech ecosystem. With direct connectivity via Highways 880/84, commuters benefit from quick access to job centers in Fremont, Palo Alto, and the Peninsula, while enjoying Newarks more affordable housing options. This investment combines stable in-place cash flow with strong future upside, supported by ongoing demand from Bay Area renters. The property offers investors a well-located, cash-flowing property in a core Bay Area market positioned at the intersection of strong tenant demand, exceptional connectivity, and major regional employment drivers.
Location
State CA
County Alameda
Area Newark
Zoning R-M-1500
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Carport
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Tar and Gravel
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Individual Water Meter, Public
Others
Restrictions None
Tax ID 092A-1010-055-01
Security Features Other
Special Listing Condition Not Applicable
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