Property Detail

Description

Magnify is pleased to present 5464 Saint Mark Avenue, a 16-unit multifamily investment opportunity situated on a prominent corner parcel in Newark, immediately adjacent to Fremont. The property features an all 2BD/1BA unit mix totaling 11,600 SF on a large 0.57-acre lot, with significant rental upside through interior renovations and unit turnover. Shovel-ready plans and approved building permits to build four ADUs create a clear path to additional income and value. Additional highlights include dual-pane windows and individual water meters, allowing ownership to pass water costs through to tenants and providing protection from rising water expenses. Further upside exists through improved hands-on management, reduced management fees, and lower overhead expenses. 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, I-880, and the Tesla Factory only 15 minutes away. With a desirable unit mix, strong submarket, corner-lot positioning, and multiple avenues for NOI growth, 5464 Saint Mark Avenue presents an attractive opportunity for investors seeking current income and long-term value creation.