Duplex with Two Detached
New
For Sale
$888,000
29 Solano Ave, Bay Point, CA 94565
MULTI_FAMILY - Bay Point, CA
Property Size2,754 SF
Lot Size0.16 Acres
Price / SF$322.44
Days on Market2
Property Features for 29 Solano Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 3
Parking features
Garage, RV
Window features
Double Pane Windows
Exterior features
Lawn Sprinkler
Fencing
Fenced
Subdivision
Bay Pointe
Lot features
2 Houses / 1 Lot
Directions
Willow Pass to Solano ave..
Standard status
Active
APN
0960320091
Size
2,754 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Heating system
Gravity
Cooling system
Central Air
Water source
Public
Building Details
Year built
1948
Number of units
2
Flooring type
Laminate
Roof type
Composition
Listing Agency:
Lozoya Real Estate
(925) 435-7024
Listed By:
Elizabeth Horat · License #01419958
(925) 435-7024
Added: Aug 13
Last Checked: Aug 14 at 3:06AM
MLS# 41144922
Copyright © 2026 Contra Costa Association of REALTORS®. 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 duplex property includes two residences on a 0.1607-acre parcel. The primary home provides four bedrooms and two full bathrooms with updated interiors, laminate flooring, central air, gravity heating, and a basement beneath the structure. A second three-bedroom, two-bath home adds flexible living space and is ready for occupancy. The second unit was completed under building permit BIR23-014248.
The property includes a gated entrance, fruit trees, lawn sprinklers, a spacious driveway, garage parking, and RV parking. Public water and public sewer serve the site. Located in Bay Point, the property is close to Hwy 4, BART, and shopping centers. Built in 1948, the property also features a composition roof, fenced grounds, and central air conditioning.
The property includes a gated entrance, fruit trees, lawn sprinklers, a spacious driveway, garage parking, and RV parking. Public water and public sewer serve the site. Located in Bay Point, the property is close to Hwy 4, BART, and shopping centers. Built in 1948, the property also features a composition roof, fenced grounds, and central air conditioning.
Key Highlights
- Two residences on a 0.1607‑acre parcel
- Primary home includes 4 bedrooms, 2 full bathrooms, and a basement
- Second residence offers 3 bedrooms and 2 bathrooms and is ready to rent
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
$47,151
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
5.31%
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%
$943,020
$943.0K
Cap Rate 7%
$673,586
$673.6K
Cap Rate 9%
$523,900
$523.9K
Market Conditions
NOI Build-Up for 2,754 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
$71.1K $25.80/SF
− Vacancy
−$3.7K −$1.34/SF
EGI
$67.4K $24.46/SF
− OpEx
−$20.2K −$7.34/SF
NOI
$47.2K $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%
$943,020
Cap Rate 7%
$673,586
Cap Rate 9%
$523,900
Alternative Uses
Best Use
Multifamily LT 5
$673.6K
$589.4K – $785.9K
NOI $47,151 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$625.4K
$547.2K – $729.7K
NOI $43,779 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.04M
$910.9K – $1.21M
NOI $72,871 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 94565, CA
100,341
Population
31,173
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
45.3 sq mi
ZIP Area
2,215
Density / Sq Mi
$95,035
Median Household Income
$44,149
Median Earnings
$2,145
Median Rent
$563,300
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?
Duplex - Two-home property offers updated living space, a rentable second residence, gated access, and substantial on-site parking.
Where is this duplex located?
The property is located at 29 Solano Ave Bay Point, CA.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: Two residences on a 0.1607‑acre parcel; Primary home includes 4 bedrooms, 2 full bathrooms, and a basement; Second residence offers 3 bedrooms and 2 bathrooms and is ready to rent
