San Leandro Triplex Investment
2541 Marina Blvd, San Leandro, CA 94577
- Added:
- May 4, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 21 at 3:06 pm
Property Features for 2541 Marina Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 7
- Rooms
- Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 3, Bathroom 5, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 7, Bathroom 1
- Parking features
- Garage, Covered
- Window features
- Window Coverings
- Interior features
- Storage Area(s), Shower Stall(s), Tub w/Shower Over
- Exterior features
- Back Yard, Front Yard, Garden/Play, Storage, Landscape Back, Landscape Front, Yard Space, Garden
- Fencing
- Fenced
- Appliances
- Gas Water Heater
- Standard status
- Pending
- APN
- 79A56516
- Size
- 2,662 SF
- Lot size
- 0.21 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1954
- Number of units
- 3
- Flooring type
- Vinyl, Tile, Hardwood
- Building materials
- Stucco, Wood Siding
- Roof type
- Composition, Metal
- Additional Structures
- Storage
Listing agent Michael Garcia (510) 303-1757
Listing office EXP Realty of California, Inc 2603 Camino Ramon Ste 200, San Ramon, CA (888) 584-9427
Listing date May 4, 2026
MLS# 41133413
Listing URL
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.
HighLights
- Three residences on one lot with three 2‑bedroom/1‑bath units
- Over $100K spent on recent renovations in preparation for the sale
- Dual‑pane windows throughout; main house includes a remodeled bathroom with large walk‑in shower and stone backsplash
- Main house laundry area includes a jetted tub with direct access to the outdoor patio
- Appliances and utilities: gas water heater; public water and public sewer
- Roof features composition and metal; parking includes garage (covered) plus additional off‑street spaces; fenced yard with back/front landscaping
Overview
Located in the highly desirable Mulford Gardens neighborhood of San Leandro, 2541 Marina Blvd features three residences on a single lot. The property includes three 2-bedroom, 1-bath units. Recent renovations totaling over $100,000 have been completed in preparation for sale. The main house blends classic and contemporary design, featuring glass-paneled doors, chandeliers and sconces, and dual-pane windows. The kitchen is equipped with stainless steel appliances, and the remodeled bathroom includes a walk-in shower and stone backsplash. A laundry area offers a jetted tub and access to the outdoor patio. The second unit includes a living area, two bedrooms, and an updated bathroom. The kitchen features stainless steel appliances, tile floors, and glass-paneled cabinets. There are two outdoor areas with a deck and storage, plus laundry hookups. The rear cottage has a functional layout with a private bedroom, dedicated office space or secondary bedroom, and a backyard. A long driveway, detached garage, and two additional parking spaces provide parking. The property is located near Highways 880 & 580, the Bay Bridge and San Mateo Bridge, and Oakland International Airport. Kaiser Permanente, Costco, Walmart, Home Depot, and major retail outlets are nearby. Local restaurants, yoga studios, gyms, and grocery options are also within close reach. The San Leandro Marina, Oyster Bay Regional Shoreline, hiking trails, and a golf course are nearby. The property is suitable for investors seeking rental income, multi-generational families, or an owner-occupant looking to offset their mortgage. The property size is 2,662 square feet and the lot size is 0.2066 acres.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.8k | $51.00 |
| − Vacancy | −$8.1k | −$3.05 |
| EGI | $127.6k | $47.95 |
| − OpEx | −$38.3k | −$14.39 |
| NOI | $89.4k | $33.57 |
2,662 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,350 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$550.9K
$482.0K – $642.7K
NOI $38,562 @ 7.0% cap · market cap 3.86%
Theoretical Best
Retail
$12.14M
$10.62M – $14.16M
NOI $849,515 @ 7.0% cap · market cap 84.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- San Leandro
- County
- Alameda
- State
- California
- Longitude
- -122.186192
- Latitude
- 37.702665
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three residences on one lot in desirable Mulford Gardens neighborhood.
Where is this triplex located?
The property is located at 2541 Marina Blvd San Leandro, CA.
What is the asking price?
The asking price for this property is $999,888.
What are key features of this property?
This property features: Three residences on one lot with three 2‑bedroom/1‑bath units; Over $100K spent on recent renovations in preparation for the sale; Dual‑pane windows throughout; main house includes a remodeled bathroom with large walk‑in shower and stone backsplash
