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.