13775 E 14Th, San Leandro, CA 94578

$1,300,000
List Price
$1,300,000
Status
PENDING
Closing Date
Apr 30, 2019
Year Built
1961
MLS#
40852455
Lot Size
14,106
Type
Multifamily
Zip
94578
city
San Leandro

Property Description

Available for the first time ever – this investment opportunity contains a restaurant attached to a single-family residence on a highly desirable approximately 15,000 square foot corner lot in beautiful San Leandro adjacent to other Class A retail establishments including Starbucks and 7-11 and Walgreens. With 21 parking spaces as well as a single garage for the residence, this parcel is perfectly situated for a retail/office investment scenario. Ernie’s restaurant has been a staple in the east bay restaurant scene for generations. Over the course of many years, the family expanded the restaurant to the built-out structure brightly lit and situated corner of the parcel right off 136th Avenue. Consistently serving thousands of customers per year the restaurant reputation precedes it. The single family home boasts approximately 2,000 SF with an unfinished basement as well as three-bedrooms and 1.5 bathrooms.

Additional Information

Annual Taxes
15600
Annual Utility Expense
1540
Annual Total Oper Exp
22390
Lotdescription
Corner
Flooring
Laminate, Linoleum, Wall to Wall Carpeting
Heating
Electric
Cooling
No Air Conditioning
Basement
Partial, Separate Entry, Unfinished
Laundry
In Laundry Room, Inside Unit, Washer
Exterior
Concrete Block, Wood Siding
Yarddescription
Deck(s)
Roof
Unknown
Parkingdescription
Covered Parking, Parking Area
Parking Spaces
22
Water Sewer
Sewer System - Public, Water - Public
Total Deposits
2000
Building Type
OTHER
Annual Gross Sched Income
52560
Other Annual Expense
1200
Addtlmiscfeatures
None
Annual Maintance Exp
1000
Operatingexpenses
Electric, Garbage Collection, Insurance, Property Tax/Assessments
Separatemeters
Electric, Gas, Water
Zoning
SA-2
Possession
Tenant's Rights, None
Annual Rental Inc
3
Allunitshave
Dishwasher, Disposal, Patio
Someunitshave
Deck, Dishwasher, Disposal, Patio
Acres
0.34
Addl Property Description
The residence can remain as a rental or converted into additional retail or office space.Note: the offer is for the real property bus owned separately
Terms
Cash
Tenantpays
Other
Annual Insurance Expense
2630
Net Operating Income
$29,119
Annual Expense Year
22390
Gross Oper Income Act
51509
Annual Gross Fee Income
52560

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Karen Mulcahy from Realty Source, Inc.

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