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    Well-Maintained Triplex in Desirable Location Title is generated by Realmo AI

    756 Victoria Ave, San Leandro, CA 94577

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    For Sale
    $1,098,000

    Triplex with updated features, ideal for investors or owner-occupiers.

    Type:Investment
    Property size:
    2,400 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $457/SF
    Added:
    Apr 24, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 24 at 8:06 pm

    Property Features for 756 Victoria Ave

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.15 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1925

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    Listing Contact
    Cindy Yang

    Listing agent Cindy Yang

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cindy Yang

    HighLights

    • Triplex in a predominantly single‑family home neighborhood.
    • Move‑in ready condition with newer roof, gutters, exterior paint (2024), and new heating system (2026).
    • One vacant 3‑bedroom unit, ideal for owner‑occupancy or market‑rate rental.
    • Two 1‑bedroom units occupied by reliable tenants.
    • Convenient location with easy access to Highway 580, shopping, and dining.
    • Approximately 2,400 sq ft of living space on a 6,428 sq ft lot.

    Overview

    This well-maintained triplex is located in a predominantly single-family home neighborhood. The property consists of three units: one unit with 3 bedrooms and 1 bathroom, and two units with 1 bedroom and 1 bathroom. The building offers approximately 2,400 sq ft of living space on a 6,428 sq ft lot. All units are in move-in ready condition. The property has been well maintained, featuring a newer roof, newer gutters, and full exterior paint completed in 2024. A new heating system is scheduled for installation in 2026, which may reduce near-term maintenance needs. The 3-bedroom unit is currently vacant and undergoing improvements, offering flexibility for owner-occupancy or rental at market rates. The two 1-bedroom units are occupied by well-qualified, reliable tenants. The property is conveniently located with easy access to Highway 580, as well as nearby shopping, dining, and other amenities. This triplex is suitable for both investors and owner-users seeking a balanced opportunity in a desirable setting. The location has a walk score of 58, indicating it is somewhat walkable, a bike score of 36, indicating it is somewhat bikeable, and a transit score of 47, indicating some transit options are available.

    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 $122.4k $51.00
    − Vacancy −$7.3k −$3.05
    EGI $115.1k $47.95
    − OpEx −$34.5k −$14.39
    NOI $80.6k $33.57
    2,400 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.15M
    $1.01M – $1.34M (±1% cap)
    NOI $80,556 @ 7.0% cap · market cap 7.34%
    Second Best
    Apartment 5plus
    $496.7K
    $434.6K – $579.5K (±1% cap)
    NOI $34,767 @ 7.0% cap · market cap 3.17%
    Theoretical Best
    Retail
    $10.94M
    $9.57M – $12.77M (±1% cap)
    NOI $765,904 @ 7.0% cap · market cap 69.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.1502641
    Latitude
    37.7382862

    FAQs

    What type of property is this?
    Triplex - Triplex with updated features, ideal for investors or owner-occupiers.
    Where is this triplex located?
    The property is located at 756 Victoria Ave San Leandro, CA.
    What is the asking price?
    The asking price for this property is $1,098,000.
    What are key features of this property?
    This property features: Triplex in a predominantly single‑family home neighborhood.; Move‑in ready condition with newer roof, gutters, exterior paint (2024), and new heating system (2026).; **One vacant 3‑bedroom unit, ideal for owner‑occupancy or market‑rate rental.**
    More about this property
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