16118-16152 Mateo St - Apartments FOR SALE


San Leandro, CA 94578
$1,695,000 USD
707-363-2463
16118-16152 Mateo St, San Leandro, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/8
null | 6.15% Cap Rate

16118-16152 Mateo St
San Leandro, CA 94578


HIGHLIGHTS

  • Prime Investment Opportunity – 6-unit multi-family property in the desirable city of San Leandro.
  • Unique Layout for Privacy – Each unit is separated by a garage, ensuring no shared walls and enhanced tenant privacy.
  • Modern Amenities – All units feature in-unit washers and dryers, individual direct-access garages, and vinyl windows.
  • Recent Upgrades – Three units have been recently remodeled, adding to the property’s long-term value
  • Low Operating Expenses – Tenants pay for ALL utilities, including electricity, gas, water, and garbage, keeping costs minimal for the owner.
  • Turnkey Asset with Immediate Cash Flow – A well-maintained property offering strong rental appeal and excellent day-1 cash flow.

OVERVIEW

The Mitchell Warren Team is pleased to present 16118 Mateo Street, a 6-unit multi-family property located in the desirable city of San Leandro. This building presents a fantastic investment opportunity, offering spacious and private units, each separated by a garage—ensuring no shared walls and enhanced tenant privacy. Features include in-unit washers and dryers, individual direct-access garages, and vinyl windows. Three units have been recently remodeled. Tenants pay for ALL utilities including electricity, gas, water, AND garbage minimizing operational expenses. This is a rare opportunity to acquire a well-located turnkey asset with excellent day-1 cash flow. 16118 Mateo Street offers easy access to I-580 and I-880, providing seamless commutes throughout the Bay Area. The property is just 0.6 miles from the Bayfair BART station, ensuring quick connections to Oakland and San Francisco. Tenants enjoy convenient shopping and dining with Bayfair Center, San Leandro Plaza, and downtown San Leandro all nearby. This well-connected location enhances rental demand and long-term investment potential.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$454 USD /SF

# OF UNITS

6

PRICE/UNIT

$282,500

CAP RATE

6.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Direct Access Garages and In-Unit Laundry

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

080-0054-039-04

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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