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33 North
33 San Pablo Ave, San Rafael, CA, 94903-4199, US
82 units
Jones Lang LaSalle Americas, Inc. "JLL", as exclusive advisor, is pleased to present the opportunity to acquire a two-asset, 173-unit East Bay Portfolio (the "Portfolio"). Both DYLN (an 85 unit asset in Newark) and Parc 88 (an 88 unit asset in Fremont) are conveniently located near major highways, Fremont BART station, and CA-84, providing easy access to Silicon Valley and San Francisco. The Portfolio provides potential investors a unique opportunity to acquire two assets that can both be managed from one location, with the properties located only 6 miles away from one another. However, the assets are available for sale both as a Portfolio and as individual assets.
The portfolio consists of one (19), two (132), and three (22) bedroom units, with 146 units having been renovated by current ownership. Potential investors will have the opportunity to implement their own renovation program to further accommodate the families and commuters hoping to live in one of the most renter-friendly submarkets in the Bay Area.
Newark and Fremont offer a balance between suburban tranquility and proximity to urban amenities. Both communities boast diverse tenant bases, strong education systems, and low crime rates, ensuring a high quality of life for families and individuals alike. Combined with the areas year-round Mediterranean climate and outdoor opportunities, the region provides a balanced lifestyle for residents seeking comfort, convenience, and connectivity to the Bay Area.