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$ 2,200,000
Est. payment | /mo
0.35 Acres Lot
$ 2,200,000
Est. payment | /mo
0.35 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82067081
HOA Y/N No
Year Built 1900
Annual Tax Amount $26,620
Lot Size 0.347 Acres
Property Description
A fully leased mixed-use investment in the heart of the Fremont Mission corridor, offered at $2,200,000. Three buildings on a single ±15,125 SF parcel, with ±4,416 SF of improvements and 28 onsite parking spaces a rare combination of immediate cash flow and long-term upside in one of Fremont's most established neighborhoods. The property is 100% occupied, with tenants in place for 10+ years. Current income is $9,788 per month ($117,456/year), producing a 5.34% cap rate on actuals (5.50% pro forma). The street-facing retail unit ±1,200 SF is leased at $4,380/mo through 2028, anchoring the income stream with a long-term tenant. The mix works two ways. For an owner-user, live in one unit and lease the other three. For an investor, it is a turnkey, 1031-ready asset: fully leased, stable tenants, and income from day one no lease-up risk, no renovation required. The property sits on Mission Blvd, adjacent to Ohlone College in the Mission San Jose school district, with strong street visibility and steady neighborhood foot traffic. The Town Center zoning (TC-P(HOD)(H-I)) also carries future mixed-use development potential ground floor retail with residential above subject to buyer verification and City approvals. Offered as-is. APN 513-610-33.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning TC-P(HOD)(H-I)
Interior
Fireplace No
Exterior
Roof Type Other
Present Use Commercial
Total Parking Spaces 28
Others
Tax ID 51361033
Listed by Tim Vi Tran The Ivy Group #01784630