Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee
simple interest in Villa Esta, a 28-unit apartment building located in San Leandro, California. Situated
within walking distance of the San Leandro BART station and immediately proximate to Interstates-880
and -580, the Property offers market proven value-add potential with strategic access to the San
Francisco Bay Area’s most notable employers.
Current ownership has self-managed Villa Esta for approximately 40 years. Completed capital
improvement projects include: seismic retrofit, elevator mechanical systems replacement,
resurfacing of driveways/parking stalls and partial roof replacement.
Villa Esta provides the unique opportunity to acquire a sizeable value-add property situated
in a preferred inner East Bay community. No units at the Property have been updated
to modern finishes – 1 bedroom and 2 bedroom rents average $1,201 and $1,400,
respectively. Meanwhile, rehabbed 1 bedroom rents in the immediate area command
rents up to $2,150 and renovated 2 bedroom units lease for upwards of $2,395.
With three vacancies and 25 month-to-month leases, investors can execute on the
neighborhood’s market proven value-add strategy and quickly unlock Villa Esta’s
tremendous upside potential.
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