16005 Mateo St
San Leandro, CA 94578
Multifamily Property For Sale
·
13 Units
Investment Highlights
- Newly Renovated Cottage Style Units
- Centrally Located Bay Area Market of San Leandro
- Strong Projected Rent Growth 7%+
Property Facts
| No. Units | 13 | Building Size | 5,620 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1912 |
| Building Class | C | Parking Ratio | 0.77/1,000 SF |
| Lot Size | 0.89 AC | ||
| Zoning | RO, San Leandro | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 5,620 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1912 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | RO, San Leandro |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Porch
Site Amenities
- 24 Hour Access
- Fenced Lot
- Walk-Up
About 16005 MATEO ST , SAN LEANDRO, CA 94578
15999-16005 Mateo Street is on a 1.00-acre lot and has a total of 13 cottage style units. The unit mix is very desirable and consists of 1 Studio, 8 One Bedrooms, 2 Two Bedrooms, and 2 Three Bedrooms. The units have been recently renovated with hardwood floors, new cabinets, and appliances. The Bedrooms have sliding door closets and the bathrooms have had new tiled showers installed. Some models include large attics boasting plenty of storage place, as well as balconies or patios. Tenants enjoy open space between the units which provide both privacy and plenty of green outdoor area with a garden. Additional community amenities access to on-site laundry and parking. Rent growth in the East Bay and San Leandro remains extremely strong. Annual rent growth over the previous five years has averaged above 4.5% with a very robust forecast of a 7%+ rent growth projected for 2019. 15999-16005 Mateo Street is an opportunity for investors to acquire a renovated turnkey product in the high growth Bay Area market of San Leandro.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Number | 080-0057-027-02 | Improvements Assessment | $777,323 |
| Land Assessment | $625,160 | Total Assessment | $1,402,483 |
Property Taxes
