5
See all 5 photos
$5,288,000
Est. payment /mo
0.52 Acres Lot
New
5424 Saint Mark AVE Newark, CA 94560
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82019251
HOA Y/N No
Year Built 1960
Annual Tax Amount $70,927
Lot Size 0.522 Acres
Property Description
Magnify is pleased to offer 5424 Saint Mark Avenue, a compelling 16-unit investment opportunity in the heart of Newark, CA. Built in 1960, this cash-flowing asset features an efficient and desirable unit mix with all 2-bedroom 1 bath units, amounting to 11,744 rentable square feet. The building has undergone recent capital improvements, including four fully renovated units and one partially upgraded unit. The property sits on a large 22,751 SF lot offering ample space for tenants and maximizing rental appeal. With strong value-add potential, this asset is well-positioned for investors seeking both stable cash flow and long-term upside in a core Bay Area market. The property is located in a thriving East Bay neighborhood with direct access to Highways 880 and 84, providing seamless connectivity to the greater Bay Area. Finally, residents enjoy convenient access to local amenities such as Newpark Mall, Don Edwards Wildlife Refuge, and numerous parks, enhancing livability and supporting long-term occupancy.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning R-M-1500
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 16
Roof Type Tar/Gravel
Building
Water Public
Schools
School District Other
Others
Tax ID 092A101005501
Special Listing Condition Standard
Listed by Eric Katz Magnify Real Estate