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5464 Saint Mark Avenue represents an exceptional opportunity to acquire
a well-located Newark multifamily asset with significant value-add potential
and long-term upside. Its combination of a desirable all 2BD/1BA unit mix,
corner-lot positioning, and approved ADU plans makes it an attractive
investment for buyers seeking both current income and long-term appreciation.
Currently operating with significant value-add potential, the property offers
investors a rare opportunity to capture substantial upside in rents through
targeted interior renovations and unit turnover. Combined with the ability to add
four ADUs, improved hands-on management, and lower operating expenses,
ownership has multiple levers to grow NOI.
Newark continues to benefit from its proximity to Fremont and major Bay Area
employers, including the Tesla Factory, with excellent transportation access via
I-84/Dumbarton Bridge and I-880. With its large 0.57-acre corner lot, functional
unit layouts, individual water meters, and approved expansion plans, 5464 Saint
Mark Avenue is well positioned for long-term value creation and equity
appreciation.
The property offers investors a clear path to rent growth through interior renovations and natural unit turnover. Additional upside exists through improved hands-on management, reduced management fees, and lower overhead expenses.
Shovel-ready plans and approved building permits to build four ADUs create a defined path to additional income and value, without the entitlement risk typically associated with adding density.
Located within 1 mile of Fremont and approximately 10 minutes from Downtown Fremont, the property offers excellent connectivity throughout the greater East Bay and Peninsula, with convenient access to the I-84/Dumbarton Bridge and I-880, and the Tesla Factory only 15 minutes away.
Individual water meters allow ownership to pass water costs through to tenants, providing protection from rising water expenses. Dual-pane windows further enhance the property's efficiency and tenant appeal.