Quadplex With Water
For Sale
$720,000
Pending
242 Kendall Ave, Crockett, CA 94525
Residential Income, Crockett, CA
Property Size2,415 SF
Lot Size0.17 Acres
Days on Market81
Property Features for 242 Kendall Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4
Parking features
Parking Lot
Window features
Window Coverings
Exterior features
Front Yard, Landscape Back, Landscape Front, Low Maintenance
Subdivision
Crockett Heights
Lot features
Landscaped
View
Hills, City, Bridge, Water
Directions
Crockett Blvd/Pomona St/Vista Del Rio St/Kendall Ave..
Standard status
Pending
APN
355122002
Size
2,415 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
yard
fruit trees
palms
seating areas
wood burning fireplaces
dishwashers
Building Details
Year built
1948
Number of units
4
Flooring type
Tile, Hardwood, Carpet
Building materials
Stucco
Roof type
Composition
Listing Agency:
Redfin
(877) 973-3346
Listed By:
Amin Arikat
(415) 990-2646
Added: Jun 8
Changed: Aug 27
Last Checked: Aug 27 at 9:06AM
MLS# 41137130
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1948-built quadplex contains four residential units and is fully occupied. The two upstairs apartments measure 725 square feet each and feature original oak flooring, dishwashers, and wood-burning fireplaces. The two lower units measure 550 square feet each and have carpet over oak flooring. Building materials include stucco, with tile also present among the interior finishes. Natural gas forced-air heating serves the property.
Set on 0.173 acres, the property includes a private yard with fruit trees, palm trees, landscaped front and rear areas, and outdoor seating zones. Water and bridge views are available from each unit. The property is near Highway 80, Hercules Transit Center, shopping, dining, and major commuter routes. Public water and public sewer serve the site, which also includes a parking lot.
Set on 0.173 acres, the property includes a private yard with fruit trees, palm trees, landscaped front and rear areas, and outdoor seating zones. Water and bridge views are available from each unit. The property is near Highway 80, Hercules Transit Center, shopping, dining, and major commuter routes. Public water and public sewer serve the site, which also includes a parking lot.
Key Highlights
- Four‑unit property fully occupied
- Two 725‑square‑foot upstairs units with oak floors, dishwashers, and wood‑burning fireplaces
- Two 550‑square‑foot lower units with carpet over oak flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,347
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$826,940
$826.9K
Cap Rate 7%
$590,671
$590.7K
Cap Rate 9%
$459,411
$459.4K
Market Conditions
NOI Build-Up for 2,415 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.3K $25.80/SF
− Vacancy
−$3.2K −$1.34/SF
EGI
$59.1K $24.46/SF
− OpEx
−$17.7K −$7.34/SF
NOI
$41.3K $17.12/SF
Area
Contra Costa County, CA
Vacancy
5.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$826,940
Cap Rate 7%
$590,671
Cap Rate 9%
$459,411
Alternative Uses
Best Use
Multifamily LT 5
$590.7K
$516.8K – $689.1K
NOI $41,347 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$548.4K
$479.9K – $639.8K
NOI $38,390 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$912.9K
$798.8K – $1.07M
NOI $63,901 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 94525, CA
3,288
Population
1,837
Households
1.8
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
1,315
Density / Sq Mi
$101,850
Median Household Income
$65,337
Median Earnings
$2,186
Median Rent
$709,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with varied finishes, private outdoor areas, and access to regional commuter routes.
Where is this quadplex located?
The property is located at 242 Kendall Ave Crockett, CA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Four‑unit property fully occupied; Two 725‑square‑foot upstairs units with oak floors, dishwashers, and wood‑burning fireplaces; Two 550‑square‑foot lower units with carpet over oak flooring
