Magnify is pleased to present 5424 Saint Mark Avenue, a 16-unit investment opportunity located in Newark, CA. Built in 1960 and located at the border of Fremont, this property offers immediate access to one of the strongest employment corridors in the East Bay. The building consists of an efficient unit mix with 100% 2-Bed/1-Bath units totaling 11,744 rentable square feet. Approximately 1/3rd of the units have been upgraded with new flooring, appliances, and windows, while the remaining units provide significant upside for additional value-add renovations.
Set on a 22,751 SF lot, its prime location in a robust rental market places residents just minutes from major employers such as Teslas' Fremont Factory and the broader Silicon Valley tech ecosystem. With direct connectivity via Highways 880/84, commuters benefit from quick access to job centers in Fremont, Palo Alto, and the Peninsula, while enjoying Newarks more affordable housing options.
This investment combines stable in-place cash flow with strong future upside, supported by ongoing demand from Bay Area renters. The property offers investors a well-located, cash-flowing property in a core Bay Area market positioned at the intersection of strong tenant demand, exceptional connectivity, and major regional employment drivers.