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16005 Mateo St 13 Unit Apartment Building $4,878,741 CAD ($375,288 CAD/Unit) 6.40% Cap Rate San Leandro, CA 94578
INVESTMENT HIGHLIGHTS
- Thirteen Cottages Consisting of Two 3bd/2bth, One 3bd/1bth, One 2bd/1bth, Eight 1bd/1bth and One Studio
- New Roofs, Hardwood Floors, Dual Pane Windows, Plumbing, & Electrical Panels
- Room For Growth On 1 Acre Lot - Zoned High Density W/ Ability to Add Units
- Tremendous Rental Upside in Non Rent Controlled Unincorporated Alameda County
EXECUTIVE SUMMARY
https://www.16005mateo.com/
16005 Mateo St is a unique opportunity for a new or seasoned investor to purchase thirteen cottages in a non rent controlled area of unincorporated Alameda County. Situated on a one acre foot lot the property boasts three 3bd units, eight 1bd units, one 2bd, and one large studio. Many units have been remodeled over the years with new roofs, hardwood floors, dual pane windows, and updated plumbing and electrical. Additionally, each unit comes with one designated off-street parking spot. There is tremendous rental upside which a new owner can capture by merely issuing a 60 day notice of a rent increase. This high density large lot makes this is a prime opportunity for investors looking to add units and grow.
16005 Mateo St is a unique opportunity for a new or seasoned investor to purchase thirteen cottages in a non rent controlled area of unincorporated Alameda County. Situated on a one acre foot lot the property boasts three 3bd units, eight 1bd units, one 2bd, and one large studio. Many units have been remodeled over the years with new roofs, hardwood floors, dual pane windows, and updated plumbing and electrical. Additionally, each unit comes with one designated off-street parking spot. There is tremendous rental upside which a new owner can capture by merely issuing a 60 day notice of a rent increase. This high density large lot makes this is a prime opportunity for investors looking to add units and grow.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Porch
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 080-0057-027-02 | Improvements Assessment | $1,063,811 CAD |
| Land Assessment | $855,566 CAD | Total Assessment | $1,919,377 CAD |
PROPERTY TAXES
Parcel Number
080-0057-027-02
Land Assessment
$855,566 CAD
Improvements Assessment
$1,063,811 CAD
Total Assessment
$1,919,377 CAD
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16005 Mateo St
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