16549 14Th StSan Leandro, CA 94578

Property Details for 16549 14Th St

Year built

1940

Construction

TILT-UP CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

5,604 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

80B-300-6

APU

80B3006

Description

This exceptional investment opportunity in San Leandro, CA, presents a rare chance to acquire a thriving business alongside a substantial real estate portfolio. The offering encompasses two parcels totaling 8,666 square feet, featuring three buildings. The main asset is a 5,604-square-foot, two-story commercial storefront built in 1940, currently operating a successful leather and rug cleaning business, included in the sale price of $1,800,000 ($321.20/sq ft). This Class C building is situated on a 2,816-square-foot lot (APN: 80B-0300-6). The second property, on a 5,850-square-foot lot, includes two 2-bedroom, 1-bathroom residential units, each with existing tenants. One unit commands $1,300 per month on a one-year lease, while the other rents for $1,600 per month on a month-to-month basis. The commercial property owners utilize a garage and exterior parking space from the front residential unit for storage. Note that some utilities and access are shared between the properties. This represents a unique opportunity for owner-users or investors seeking a diversified portfolio with immediate income generation. The property is located at 16549 E 14th St, San Leandro, CA 94578.

• CAP approach

  CAP return

  Valuation

  6%

  $2,588,275

  6.5%

  $2,389,176

  7%

  $2,218,521

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,850,964

  Geo Method

  $1,563,012

• Alternative Use

  Use

  Valuation

  Residential

  $2,962,579

  Hospitality

  $2,713,706

  Educational

  $2,257,772

  Medical

  $2,335,420

  Retail

  $3,512,090

Location Insight

City

San Leandro

County

Alameda

State

California

Latitude

37.6931

Longitude

-122.112

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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