16005 Mateo St, San Leandro, CA 94578

Property Description

**Rare East Bay Multifamily Investment Opportunity - 13 Cottage-Style Units on Nearly One Acre** Discover the investment potential of 16005 Mateo Street, a unique multifamily property featuring 13 cottage-style residential units on a nearly one-acre parcel in the San Leandro area. The property offers a diverse unit mix consisting of three 3-bedroom/2-bath units, one 2-bedroom/1-bath unit, eight 1-bedroom/1-bath units, and one studio. With approximately 5,620 square feet of building area, this property presents an opportunity for investors seeking an established multifamily asset with potential to enhance rental income and long-term value. Property features include designated off-street parking for each unit, a fenced site, and improvements reported to include updated roofing, dual-pane windows, hardwood flooring, plumbing, and electrical panels in various units. The substantial lot size and reported high-density zoning may offer additional possibilities for future development, subject to verification of zoning, permitted uses, density, and approvals by the appropriate authorities. This property offers an opportunity to explore multifamily investment, rental income potential, and future value-add strategies. Buyer to independently verify all property details, unit count, square footage, rents, operating expenses, occupancy, zoning, permitted uses, development potential, and applicable rent regulations to their satisfaction. Potential ADU additions.