16787 Tiger Ln - Multi-Family FOR SALE


Ashland, CA 94580 | 
$3,990,000 USD
408-206-8877
16787 Tiger Ln, Ashland, CA for Sale
$3,990,000 USD
Multi-Family - FOR SALE
1/16
null | 4.92% Cap Rate

16787 Tiger Ln
Ashland, CA 94580


HIGHLIGHTS

  • Ten separately assessed condominium units, each with its own APN
  • 2005 construction, townhome-style two-story floor plans with private entries
  • 100% occupied

OVERVIEW

Intero Commercial is pleased to present Tiger Lane Homes, a 10-unit townhome-style multifamily property at 16715–16787 Tiger Lane in San Lorenzo. Built in 2005, the property comprises 10,920 rentable square feet on a gated 0.52-acre site in unincorporated Alameda County. Notably, the units are separately assessed condominium units, each carrying its own assessor parcel number and tax bill. The offering is presented as a single 10-unit investment, but the underlying parcel structure distinguishes this property from conventional apartment stock and merits a buyer's review of the recorded condominium plan and governing documents. The unit mix is predominantly two-bedroom, two-and-a-half-bath townhome floor plans averaging approximately 1,092 square feet, along with one four-bedroom residence and one studio. Two-story layouts with private entries give residents the character of an individual home rather than a garden apartment, supporting both tenant retention and rent performance relative to older East Bay product. The property is fully occupied with gross scheduled rent of $299,964 annually, or $24,997 per month, averaging roughly $2,500 per unit. On-site laundry and resident parking provide additional income. Site improvements include a secured perimeter with gated vehicle access, covered and open resident parking, and a dedicated laundry and storage building. Tiger Lane sits in central San Lorenzo between San Leandro and Hayward, with Bay Fair BART, AC Transit service, and access to I-880, I-238 and I-580 nearby. The surrounding trade area draws from a diversified regional employment base across healthcare, advanced manufacturing, logistics, education and public-sector employers rather than any single industry. Offered at $3,990,000 — $399,000 per unit and $365 per square foot. Year 1 pro forma NOI of $196,324 reflects a re-underwritten expense basis including property tax reassessment at 1.2% of purchase price, producing a 4.92% capitalization rate and a 13.30 GRM. All information should be independently verified by buyer and buyer's advisors.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

10

PRICE/UNIT

$399,000

CAP RATE

4.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

413-0063-126-00

ASK ABOUT THIS PROPERTY

Scott BishopIntero CommercialMore Info
408-206-8877

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Scott BishopIntero CommercialMore Info
408-206-8877

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