1661 Mono Ave, Unit 1669 San Leandro, CA 94578-2019
Property profile & analytics
1661 Mono Ave, Unit 1669 San Leandro, CA 94578-2019
- Apartment buildings
- 3,990 SF
- 0.34 lot acres
Property ID
US09-8044420
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Nancy Psychic Advisor / Spiritual Center
Property Details for 1661 Mono Ave
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.34 lot acres
- Property size
- 3,990 SF
- Property type
- Apartment buildings
- APN
- 80-40-31-1
- APU
- 8040311
Description
This exceptional San Leandro investment opportunity presents a fee-simple ownership of a five-unit multifamily property situated on a sizable 14,700 square foot lot (0.34 acres). The property comprises a two-story, three-bedroom single-family home and four two-bedroom, one-bathroom cottages, all totaling 3,990 square feet of rentable space. Built in 1950, the property boasts a current occupancy of 100%, generating a Net Operating Income (NOI) of $90,827, and a pro-forma NOI of $97,426, representing a 6.26% cap rate and a pro-forma cap rate of 6.72%, respectively. The asking price is $1,450,000, or $290,000 per unit. The property features nine parking spaces and on-site laundry facilities, adding significant value for tenants. Conveniently located near Highway 580, this property offers easy access to major employment centers throughout the Bay Area. The permitted zoning is MULTI-FAMILY RES, allowing for potential future development or upgrades. This well-maintained property presents a compelling investment opportunity in a vibrant community with strong rental demand. The property's solid performance and potential for future appreciation make it an attractive addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,355,000
- ML approach
- $1,355,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $965,000
- 6.5%
- $890,000
- 7%
- $825,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,444,000
Market price range: $395k - $1.44M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $995,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,695,000 Change: +71% Conversion: Difficult
- MEDICAL BUILDING
- $1,575,000 Change: +59% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,320,000 Change: +33% Conversion: Difficult
- OFFICE BUILDING
- $1,230,000 Change: +24% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,210,000 Change: +22% Conversion: Moderate
- RETAIL STORES
- $965,000 Change: -3% Conversion: Difficult
- WAREHOUSE, STORAGE
- $910,000 Change: -8% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Leandro
- County
- Alameda
- State
- California
- Longitude
- -122.12
- Latitude
- 37.7048
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,200
$536,095
$1,172,975
$1,709,070
-
$0.00
$0.00
$0.00
