16118 Mateo St, San Leandro, CA 94578
- $1,490,000
- Sold Price
- $1,490,000
- List Price
- $1,530,000
- Closing Date
- Nov 14, 2025
- Status
- CLOSED
- MLS#
- 41104875
- Year Built
- 1957
- Lot Size
- 14,328
- Acres
- 0.33
- Days on Market
- 107
- Property Type
- Multifamily
- Neighborhood
- Alameda County
Property Description
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.
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Additional Information
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Exterior Construction
- Stucco
- Attached Structure
- Detached
- Number Of Units Total
- 6
Listing courtesy of Listing Agent: Timothy Warren (twarren@nainorcal.com) from Listing Office: NAI Northern California.
Listing sold by Andres Lopez from Marcus & Millichap
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.