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    16118 Mateo St San Leandro, CA 94578

    For Sale
    $1,490,000

    Six-unit multifamily property in San Leandro with modern amenities.

    Property size:
    3,736 SF

    Property Features for 16118 Mateo St

    General Information

    Size
    3,736 SF

    Building Details

    Year built
    1957

    Source: Randell Silva Agent Randell Silva

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    San Leandro Multifamily Investment Opportunity

    Located in San Leandro, this 6-unit multi-family property presents an investment opportunity. The building features spacious units, each separated by a garage to ensure privacy. All units include in-unit washers and dryers, individual direct-access garages, and vinyl windows. Three of the units have been recently remodeled. Tenants are responsible for all utility payments, including electricity, gas, water, and garbage. The property offers access to I-580 and I-880, facilitating commutes throughout the Bay Area. It is located 0.6 miles from the Bayfair BART station, providing connections to Oakland and San Francisco. Bayfair Center, San Leandro Plaza, and downtown San Leandro are nearby, offering shopping and dining options. The property is a well-maintained asset with rental appeal and cash flow.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.1157181
    Latitude
    37.6991397

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in San Leandro with modern amenities.
    Where is this apartment building located?
    The property is located at 16118 Mateo St San Leandro, CA.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: - Turnkey asset with excellent day-1 cash flow in a desirable San Leandro location.; - Unique layout with units separated by garages, ensuring enhanced tenant privacy and no shared walls.; - Tenants pay for ALL utilities (electricity, gas, water, and garbage), minimizing operating expenses.
    (209) 740-1251
    Request Owner's contact information
    16118 Mateo St San Leandro, CA 94578
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    San Leandro, CA 94578
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16118 Mateo St San Leandro, CA 94578
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