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1661 Mono Ave

5 Unit Apartment Building $1,450,000 ($290,000/Unit) 6.25% Cap Rate San Leandro, CA 94578

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Investment Highlights

6.25% CAP Rate on In-place Rents
Utility Reimbursements in Place for Additional Income Stream
Ample Off-Street Parking: 10 parking spaces and ADU potential

Property Consists of a Three Bedroom Home and (4) Two Bedroom cottage units.
On-site Laundry

Executive Summary

Kidder Matthews presents Mono Apartments, a meticulously maintained property offering a unique investment opportunity in San Leandro’s robust rental market. Spanning a 14,700-square-foot lot, this property features 3,990 square feet of rentable space, originally constructed in 1950. The property includes a two-story, three-bedroom single-family home, along with four two-bedroom, one-bath cottages, providing a diverse range of living options for tenants.
Residents enjoy the convenience of a community laundry room and ample off-street parking, enhancing the overall appeal of the property a new owner has the potential to further elevate the property by modernizing the building's exterior, common areas, and individual units as they become available.
Mono Apartments' prime location near Highway 580 offers seamless access to major employment centers throughout the Bay Area, making it an ideal choice for young professionals and families alike. With proximity to a variety of retail and dining options, this property stands out as an attractive investment in a vibrant community.

1661 Mono Ave_OM

Property Facts

Price	$1,450,000	Apartment Style	Low Rise
Price Per Unit	$290,000	Building Class	C
Sale Type	Investment	Lot Size	0.34 AC
Cap Rate	6.25%	Building Size	3,990 SF
Gross Rent Multiplier	10.9	No. Stories	1
No. Units	5	Year Built	1950
Property Type	Multifamily	Parking Ratio	1.25/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,450,000
Price Per Unit	$290,000
Sale Type	Investment
Cap Rate	6.25%
Gross Rent Multiplier	10.9
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.34 AC
Building Size	3,990 SF
No. Stories	1
Year Built	1950
Parking Ratio	1.25/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.