Turnkey Duplex with Separate
1345 145th Avenue San Leandro, CA 94578
New
1345 145th Avenue, San Leandro, CA, 94578
$838,000
For Sale
$838,000
Turnkey duplex with two separately addressed units and fully separate PG&E and water meters.
Property Size1,427 SF
Lot Size0.14 Acres
Price / SF$587.25
Days on Market7
Property Features for 1345 145th Avenue
General Information
- Standard status
- Active
- Size
- 1,427 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1914
Listing agency
Dalton Wade, Inc.
(510) 364-4377
Listed by
Ken Hui · License #01364836
(510) 364-4377
Source
Exitrealty
Added: Jul 17 Updated: Jul 22 at 3:42PM Checked: Jul 22 at 3:42PM
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 Dalton Wade, Inc.
Investment Insights
Based on property information with market context.
This turnkey duplex is configured as two distinct, separately addressed units on a 6,250 sq ft lot. Unit 1 offers a 2 bedroom / 1 bathroom layout with laminate flooring, solid cabinet space, in-unit laundry, and a detached 1-car garage. Unit 2 is a 1 bedroom / 1 bathroom unit designed for low-maintenance operations.
The property is described as being situated blocks from Halcyon Park, with access to BART and Highway 880, as well as major retail centers and local employment hubs.
A key operational feature is that the duplex has fully separate meters for both PG&E and water. The listing also states the property is deliverable empty or ready for immediate market-rate stabilization, subject to buyer verification.
The property is described as being situated blocks from Halcyon Park, with access to BART and Highway 880, as well as major retail centers and local employment hubs.
A key operational feature is that the duplex has fully separate meters for both PG&E and water. The listing also states the property is deliverable empty or ready for immediate market-rate stabilization, subject to buyer verification.
Key Highlights
- Turnkey duplex built in 1914 with two separately addressed units.
- Unit 1 offers 2 bed / 1 bath with laminate flooring, in‑unit laundry area, and solid cabinet space plus a detached 1‑car garage.
- Unit 2 offers 1 bed / 1 bath.
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 | $72.8k | $51.00 |
| − Vacancy | −$4.4k | −$3.05 |
| EGI | $68.4k | $47.95 |
| − OpEx | −$20.5k | −$14.39 |
| NOI | $47.9k | $33.57 |
1,427 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$684.2K
$598.7K – $798.3K
NOI $47,897 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$295.3K
$258.4K – $344.5K
NOI $20,672 @ 7.0% cap · market cap 2.47%
Theoretical Best
Retail
$6.51M
$5.69M – $7.59M
NOI $455,394 @ 7.0% cap · market cap 54.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex with two separately addressed units and fully separate PG&E and water meters.
Where is this duplex located?
The property is located at 1345 145th Avenue San Leandro, CA.
What is the asking price?
The asking price for this property is $838,000.
What are key features of this property?
This property features: Turnkey duplex built in 1914 with two separately addressed units.; Unit 1 offers 2 bed / 1 bath with laminate flooring, in‑unit laundry area, and solid cabinet space plus a detached 1‑car garage.; Unit 2 offers 1 bed / 1 bath.
