Pending

Ashland Avenue

San Lorenzo, CA 94580
Mark as Favorite
Acres

Acres (Lot)

--

For the first time in thirty years this professionally managed apartment complex is being offered for sale. Rare opportunity to acquire a turn-key collection of sixteen units in Ashland CA. Two separate buildings with eight duplex style units in each building. Seven townhome style units featuring huge +/- 936 SF two bedroom one bath units, eight single story units featuring spacious +/- 825 SF two bed one bath units, and a monster single townhome style unit boasting +/- 1,236 SF three bedroom two bath unit. Each unit comes with its own carport, washer/dryer (in unit laundry room) and large fenced backyard. Currently and consistently 100% occupied, the average tenancy at Pine Grove Apartments is 14.6 years, with seven of the sixteen tenants having over 15 years, and three having over 30 years. As a testament to its desirability, one of the current tenants has resided since 1978. Historically this property has had very high occupancy and very low turnover. Immediate upside available through the implementation of RUBS for water usage. Future upside available through annual rental increases as the current rents are as low as much as 29% below market.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,250,000

AD Id : 67843776

MLS Id : 225134407

County : Alameda

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Public Sewer
  • Flooring Information

    Vinyl, Wood
  • Interior Features

    Appliances: Microwave Laundry Features: In Each Unit, Laundry Closet
  • Heating & Cooling

    Heating: Other Cooling: Other WaterSource: Public

  • Building Information

    Year Built: 1964 Stories: 2 Construction Materials: Stucco, Wood Siding Foundation Details: Slab
  • Exterior Features

    Foundation Details: Slab
  • Laundry Features

    In Each Unit, Laundry Closet

  • Lot Information

    Lot Description: None Lot Square Feet: 42,400 Stories: 2

    Property Information

    Property Type: ResidentialIncome Sub Type: 5 or More Units Construction Materials: Stucco,Wood Siding Property Age: 62 Cross Street: Bertero Source Neighborhood: Hayward Area: San Lorenzo S: 94580 Zoning: Medium-High Structure Type: Apartments

    Farm Info

    Irrigation Source: Other

  • Listing Price Information

    Listing Id: 225134407 List Price: $4,250,000

  • Tax Information

    Parcel Number: 80C-473-35-2

  • Parking Information

    Parking Total: 16 Attached, Carport, Covered

  • Elementary School District: Alameda Unified
    Junior High School District: Alameda Unified
    Senior High School District: Alameda Unified
  • Utility Information

    Cable Available, Sewer In & Connected, Internet Available
  • Location Information

    Direction: Sharp right onto Bertero Ave, turn right on Ashland
Sell a home like this and save $254,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
E Lewelling Boulevard, San Lorenzo, CA, 94580 $275,000 -- -- -- 3,968.32 Sqft(Lot)
E Lewelling Boulevard, San Lorenzo, CA, 94580 $200,000 -- -- -- Acres (Lot)--
E 14th St, San Lorenzo, CA, 94580 $350,000 -- -- -- 4,500 Sqft(Lot)

ByOwner last updated this listing 07/04/2026 @ 20:29

MLS: 225134407 LISTED BY: Joy Deliddo, Rand Commercial Properties SOURCE: MLS Metrolist

Homes around $4,250,000

Selling? Save $254,501 when you sell a home like this

Tour with a ByOwner Agent