919a, 919b and 921 Thornton St, San Leandro, California, 94577

Multi-Family Property = 2 homes on 1 lot,. 3 units total (legal non-conforming 3rd unit)

Could be 6+ total bedrooms if converted back to 4 bedroom house in front; would still be 2 units.

 

Total living space 2,239 SqFt - very approximate & this includes overall building sizes. Lot size is .14 acre.

Income: $3,000/mo total rents are LOW ESTIMATES; $36,000 annual gross rental income.

Utilities/Expenses: 2 meters for gas/water/electricity. Annual Insurance $900 front, $700 rear.

Marketed by Gordon Phillip Allen - 800-837-3999. Last revised 10-31-07

 

PRICED TO SELL IMMEDIATELY - $560,000 as of 12-12-07 (was $580,000, 600,000, $700,000)

Front Home (919a and 919b Thornton) used to be a 4 bedroom 2 bath home, 1500 SqFt.

921a ($1000/mo rent) and 921b ($800/mo rent).

Now this home is two units: 1 bed 1 bath each (could have 2 bedrooms each - must see to understand.

Or can be returned to 4 bedroom home. Hallway used to go through present kitchen's pantry. Wall can be easily removed the way it was. Full Height Basement has access door which is currently covered with carpet a bedroom in front house.

Stairs to improved attic in front unit's living room - ceiling is low, used for storage only. Stairs can easily be removed.

 

 

Rear home (921 Thornton) is detached and is 2 bedroom, 1 bath. (could easily be 3 bedroom - just add closet into existing large family room). Approx. 739 SqFt. ($1,200/mo rent)

 

Condition is clean, however old colors & fixtures abound! Some additions were probably made before records were kept (a very long time ago).

Administrator of estate says owner occupied most of the 61 years this family has owned the property.

 

County record shows "Zoning: 2 units, built 1932, 9 rooms, 4 bedrooms, 2 baths, SqFt as 0, and lot size .1377 acre." front house 25x60 = 1500, rear house 739 sqft

 

Long driveway w/courtyard, off-street and street parking. Quiet street & setting.

 

Sold in its "as-is" condition. Pest control reports for both homes and section one repairs are: $2800 rear house + $4400 front house = $7,200

Home inspection Reports: 919 Thornton & summary, 921 Thornton & summary.

Crude measurements have been taken, all figures are estimates only, and Buyer shall confirm all facts herein.

 

Current Market Activity as of 2-28-08...

Active Listings Both are smaller and inferior in almost every way! No other tri-plexes are available for sale below $600,000!

1325 135th Ave at $595,000, only has 2,025 SqFt, same lot size, Triplex w/Two 1 bedroom, 1 bath units, and one 2 bedroom /1 bath. $2,960/mo income.

1537 Marybelle at 589,000, only has 1744 SqFt on .11 acre lot. single family home.

 

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