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560 & 604 MacArthur Blvd, San Leandro 2 Retail Properties Offered at $3,950,000 in San Leandro, CA
Investment Highlights
- Low Management, Passive Investment
- Extensive Capital Improvements
- Well-Positioned For Future Redevelopment
- Exceptional Owner-User / Value-Add Opportunity
- Great Location With Established Restaurant Presence
- Call listing brokers for more information
Executive Summary
560 & 604 MacArthur Boulevard present a rare opportunity to acquire two high-profile restaurant assets — available together or individually — featuring Jerry’s Beefburgers (since 1953) with a lease until August 2029 and Oriental Tea House Restaurant on a flexible month-to-month lease. The site offers dual frontage along MacArthur Blvd and Foothill Blvd, adjacent to Interstate 580 with easy access and strong visibility, and ample parking (~7 spots per 1,000 SF). Recent capital improvements include a new roof. remodeled kitchen, and resurfaced parking lot. The property is located on 1.22 acres designated for mixed-use and multifamily redevelopment "by right" in San Leandro’s Housing Element (they are 2 of only 19 such sites in the City of San Leandro).
A rare blend of stable, low-management income that's not subject to rent control, with value-add potential, and long-term redevelopment upside. Offered at only $74.53 per square foot in land value.
Contact us today to schedule a tour or request more details!
A rare blend of stable, low-management income that's not subject to rent control, with value-add potential, and long-term redevelopment upside. Offered at only $74.53 per square foot in land value.
Contact us today to schedule a tour or request more details!
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $3,950,000 | Number of Properties | 2 |
| Price / SF | $350.33 / SF | Individually For Sale | 0 |
| Cap Rate | 7.45% | Total Building Size | 11,275 SF |
| Sale Type | Investment or Owner User | Total Land Area | 1.22 AC |
| Status | Active |
| Price | $3,950,000 |
| Price / SF | $350.33 / SF |
| Cap Rate | 7.45% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,275 SF |
| Total Land Area | 1.22 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 604 Macarthur Blvd, San Leandro, CA 94577 | Retail | 9,195 SF | 1959 | - |
| 560 MacArthur Blvd, San Leandro, CA 94577 | Retail | 2,080 SF | 1954 | - |
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560 & 604 MacArthur Blvd, San Leandro
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