Berkadia is pleased to exclusively present the opportunity to acquire Thornton Manor (the “Property”), a 29-unit multifamily community located within a vibrant and highly walkable San Leandro neighborhood with exceptional regional connectivity via the San Leandro BART station as well as Interstates 580 and 880. Brought to market for the first time in over three decades, Thornton Manor offers an anticipated Year 1 cash-on-cash return of ±5.80%, with the opportunity to unlock an additional ±$430 per unit in monthly upside through the completion of interior renovations and the implementation of a utility billback program. Strategically positioned adjacent to Downtown San Leandro, the Property is insulated from future competition and positioned to benefit from the ±18% rent growth and ±30% average household income growth forecasted over the next five years – making Thornton Manor an exceptionally low-risk investment underpinned by strong fundamentals and enduring rental demand.