16005 Mateo St - Apartments FOR SALE


San Leandro, CA 94578- Ashland
$3,495,000 USD
510-725-4775
16005 Mateo St, San Leandro, CA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/33
null | 6.4% Cap Rate

16005 Mateo St
San Leandro, CA 94578
Ashland


OVERVIEW

https://www.16005mateo.com/ 16005 Mateo St is a unique opportunity for a new or seasoned investor to purchase thirteen cottages in a non rent controlled area of unincorporated Alameda County. Situated on a one acre foot lot the property boasts three 3bd units, eight 1bd units, one 2bd, and one large studio. Many units have been remodeled over the years with new roofs, hardwood floors, dual pane windows, and updated plumbing and electrical. Additionally, each unit comes with one designated off-street parking spot. There is tremendous rental upside which a new owner can capture by merely issuing a 60 day notice of a rent increase. This high density large lot makes this is a prime opportunity for investors looking to add units and grow.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$622 USD /SF

# OF UNITS

13

PRICE/UNIT

$268,846

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1912

PARKING SPACES

13

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

RO, San Leandro

APN/PARCEL ID

080-0057-027-02

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.