About 16118 Mateo St
7.03% Cap Rate! 16118 Mateo Street is a 6-unit multi-family property located in the desirable city of San Leandro. This building presents a fantastic investment opportunity, offering spacious and private units, each separated by a garage—ensuring no shared walls and enhanced tenant privacy. Features include in-unit washers and dryers, individual direct-access garages, and vinyl windows. Three units have been recently remodeled. Tenants pay for ALL utilities, including electricity, gas, water, AND garbage, minimizing operational expenses. This is a rare opportunity to acquire a well-located turnkey asset with excellent day-1 cash flow. 16118 Mateo Street offers easy access to I-580 and I-880, providing seamless commutes throughout the Bay Area. The property is just 0.6 miles from the Bayfair BART station, ensuring quick connections to Oakland and San Francisco. Tenants enjoy convenient shopping and dining with Bayfair Center, San Leandro Plaza, and downtown San Leandro all nearby. This well-connected location enhances rental demand and long-term investment potential.
Features of 16118 Mateo St
| MLS® # | 41104875 |
|---|---|
| Price | $1,530,000 |
| Square Footage | 3,736 |
| Acres | 0.33 |
| Year Built | 1957 |
| Type | COMM RI MULTI-UNITS 5+ |
| Sub-Type | 5 or More Units |
| Status | Active |
Community Information
| Address | 16118 Mateo St |
|---|---|
| Subdivision | ALAMEDA COUNTY |
| City | San Leandro |
| County | Alameda |
| State | CA |
| Zip Code | 94578 |
Amenities
| Utilities | Individual Electric Meter, Individual Gas Meter |
|---|---|
| Parking Spaces | 6 |
| Parking | Attached, Enclosed, Garage, Guest, Int Access From Garage, Garage Door Opener |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Lot Description | Rectangular Lot |
|---|---|
| Construction | Stucco |
Additional Information
| Date Listed | July 15th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Timothy Warren |
|---|---|
| Office | NAI Northern California |