Updated Fourplex in Vintage
863 Palomino Dr Pleasanton, CA 94566
863 Palomino Dr, Pleasanton, CA, 94566
$2,398,000
Pending
For Sale
$2,398,000
Pending
MULTI_FAMILY - Pleasanton, CA
Property Size4,060 SF
Lot Size0.22 Acres
Days on Market76
Property Features for 863 Palomino Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 8, Bedroom 7, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 5, Laundry Room, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 7, Bathroom 6, Bedroom 8
- Parking features
- Off Street, Carport, Parking Lot, Covered
- Interior features
- Updated Baths, Updated Kitchen
- Exterior features
- Back Yard
- Fencing
- Fenced
- Appliances
- Dishwasher
- Standard status
- Pending
- APN
- 946254812
- Size
- 4,060 SF
- Lot size
- 0.22 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s), Ceiling Fan(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1967
- Number of units
- 4
- Flooring type
- Engineered, Tile, Laminate, Hardwood
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agency
Investment Real Estate
(925) 963-0569
Listed by
Mike Carey · License #01055545
(925) 963-0569
Added: May 8 Updated: Jul 7 at 1:28AM Checked: Jul 22 at 1:06PM
MLS# 41134061
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 is a fourplex multi-family property located in the Vintage Hills neighborhood. Each of the four units includes 2 bedrooms, 1.5 baths, and approximately 1,000 square feet of living space, as well as individual private backyards and designated carport spaces. The interior units have been updated with remodeled kitchens and bathrooms, wood flooring, fixtures, and interior paint. Recent building upgrades include a new roof installed in 2022, a new paver driveway in 2022, new paver patios for all units, new electrical panels in 2023, new exterior paint in 2022, and a new balcony for Unit D. Tenants are responsible for PG&E, garbage, and cable/internet. Two units have a washer/dryer combo in the unit, and two units share a laundry room. The property is located close to downtown Pleasanton restaurants, cafes, shops, and entertainment, and is conveniently located close to I-680. The lot size is 0.2202 acres and the property size is 4,060 square feet.
Key Highlights
- 4‑plex built in 1967 with wood siding; public water and public sewer (composition roof).
- Each unit offers 2 bedrooms, 1.5 baths, and approximately 1,000 sq ft of living space.
- Units include private backyards and designated carport parking; off‑street parking with covered carports and parking lot.
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 | $207.1k | $51.00 |
| − Vacancy | −$12.4k | −$3.05 |
| EGI | $194.7k | $47.95 |
| − OpEx | −$58.4k | −$14.39 |
| NOI | $136.3k | $33.57 |
4,060 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.95M
$1.70M – $2.27M
NOI $136,274 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$840.2K
$735.2K – $980.2K
NOI $58,813 @ 7.0% cap · market cap 2.45%
Theoretical Best
Retail
$18.51M
$16.20M – $21.59M
NOI $1,295,654 @ 7.0% cap · market cap 54.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turn-key fourplex with updated units and recent building upgrades.
Where is this quadplex located?
The property is located at 863 Palomino Dr Pleasanton, CA.
What is the asking price?
The asking price for this property is $2,398,000.
What are key features of this property?
This property features: 4‑plex built in 1967 with wood siding; public water and public sewer (composition roof).; Each unit offers 2 bedrooms, 1.5 baths, and approximately 1,000 sq ft of living space.; Units include private backyards and designated carport parking; off‑street parking with covered carports and parking lot.
