Apartment Building with
New
For Sale
$1,300,000
521 Laurel Ave, Pinole, CA 94564
Commercial Sale, Pinole, CA
Property Size4,851 SF
Lot Size0.19 Acres
Price / SF$267.99
Days on Market3
Property Features for 521 Laurel Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 8, Bedroom 9, Bathroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bedroom 6, Bathroom 5, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 1, Bedroom 5, Bathroom 3
Parking features
Assigned, Carport
Subdivision
Bayview Vista
Lot features
Sloped Up
Directions
Off San Pablo Ave to Laurel Ave
Standard status
Active
APN
4010940130
Size
4,851 SF
Lot size
0.19 Acres
Utilities
Heating system
Wall Furnace, Forced Air
Water source
Public
Building Details
Year built
1970
Number of units
5
Flooring type
Laminate
Building materials
Stucco
Roof type
Rolled Hot Mop
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Monica Guerra
(925) 360-7326
Added: Sep 17
Last Checked: Sep 19 at 1:06PM
MLS# 41148517
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 5-unit apartment property contains four two-bedroom, one-bath residences plus a larger three-bedroom residence with one full bath and one half bath. The 4,851-square-foot building was constructed in 1970 and features spacious living areas, bedrooms, laminate flooring, stucco construction, wall-furnace and forced-air heating, and balconies. Parking is provided through carport and assigned spaces, with public water service.
Property improvements include dual-pane windows, balcony work completed 6 years ago, a roof replacement 5 years ago, and driveway resurfacing with asphalt and slurry seal completed 5 years ago. Tenants are responsible for their gas and electric service.
The 0.1928-acre property is located at 521 Laurel Ave in Pinole, within walking distance of Fernandez Park, local shops, Old Town Pinole, and the downtown weekly farmers market.
Property improvements include dual-pane windows, balcony work completed 6 years ago, a roof replacement 5 years ago, and driveway resurfacing with asphalt and slurry seal completed 5 years ago. Tenants are responsible for their gas and electric service.
The 0.1928-acre property is located at 521 Laurel Ave in Pinole, within walking distance of Fernandez Park, local shops, Old Town Pinole, and the downtown weekly farmers market.
Key Highlights
- 5‑unit apartment building with four 2‑bedroom units and one 3‑bedroom unit
- 4,851 square feet on a 0.1928‑acre site
- Balconies serving the residences
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
$77,114
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
5.93%
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%
$1,542,280
$1.5M
Cap Rate 7%
$1,101,629
$1.1M
Cap Rate 9%
$856,822
$856.8K
Market Conditions
NOI Build-Up for 4,851 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
$147.3K $30.36/SF
− Vacancy
−$7.1K −$1.46/SF
EGI
$140.2K $28.90/SF
− OpEx
−$63.1K −$13.01/SF
NOI
$77.1K $15.90/SF
Area
Contra Costa County, CA
Vacancy
4.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$1,542,280
Cap Rate 7%
$1,101,629
Cap Rate 9%
$856,822
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$963.9K – $1.29M
NOI $77,114 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,357 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 94564, CA
19,024
Population
7,285
Households
2.6
Avg Household Size
44
Median Age
39%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,798
Density / Sq Mi
$120,833
Median Household Income
$55,841
Median Earnings
$2,738
Median Rent
$697,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Downtown multifamily property with varied unit layouts, private balconies, assigned parking, and documented capital improvements.
Where is this apartment building located?
The property is located at 521 Laurel Ave Pinole, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5‑unit apartment building with four 2‑bedroom units and one 3‑bedroom unit; 4,851 square feet on a 0.1928‑acre site; Balconies serving the residences
