Showing: Fri 3/10 11am-1pm
The subject properties consist of nine total units across two separate APN' s. 15516 Maubert Ave (APN: 80-46-16) consists of seven units (6,067 rentable square feet) on a 20,800sqft lot. 15568 Maubert Ave (APN:80-46-15) consists of two units (1,580 rentable square feet) on a 9,344 square foot lot.The property boasts a strong unit mix of six 2bd/1bth units and three 1bd/1bth units. The property is NOT subject to any rent control ordinance, allowing for immediate rental upside.
Many units have private yards, garages, storage sheds, and washer dryer hookups. Although there are many renovations needed, the next owner is allowed to come in and raise rents to market as there is no rent control in this unincorporated San Leandro location.This quiet section of San Leandro is particularly attractive and will continue to demand premium rents due to it not being subject to any rent control ordinance.
The property is a short distance to Downtown San Leandro Plaza with several shops, businesses, restaurants, and entertainment establishments. A recently created fiber optic loop with broadband capabilities attracts major tech start ups to the up and coming area. The recent tech boom has made way for many other businesses, with craft breweries being a main contributor to the local economy. Maubert is close to the San Leandro BART station, has access to major cross-town bus lines and the 580 and 880 freeways. This property is ideally located for tenants commuting to Downtown San Francisco and Oakland, and the Emeryville business district.
Recently, the East Bay market has experienced significant spillover from the San Francisco housing shortage. Most notably, tech giants such as Uber have laid the foundation for a permanent home in Oakland. With more commercial and residential development in the pipeline for San Leandro's downtown market, the area is expected to draw additional Tech companies and residents alike.
Contact Steven Pinza, Esq. for a complete marketing package.
