Fourplex Residential Income
1410 150Th Ave San Leandro, CA 94578
For Sale
$1,088,000
Well-maintained fourplex with four 2BR/1BA units, including recent updates and tenant-paid water and PGE.
Property Size3,552 SF
Price / SF$306.31
Days on Market55
Property Features for 1410 150Th Ave
General Information
- Standard status
- Active
- Size
- 3,552 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1951
Listing Agency:
MASON MA, BROKER
(415) 812-5153
Listed By:
Mason Ma · License #01460324
(415) 812-5153
Source:
Exitrealty
Added: Jun 3
Changed: Jul 23
Last Checked: Jul 24 at 7:51AM
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 MASON MA, BROKER
Investment Insights
Based on property information with market context.
This very nice fourplex offers four all-2BR/1BA apartments. Each unit is approximately 900 square feet. The building has undergone updating, with one unit updated this year and the remaining three units updated within the last three years.
A rear lot provides space to fit 7 cars and includes a small yard area for tenants. Tenants pay for water and PGE.
The property is located on the San Leandro city side near Bayfair Mall/BART, with access to freeways and nearby shopping.
A rear lot provides space to fit 7 cars and includes a small yard area for tenants. Tenants pay for water and PGE.
The property is located on the San Leandro city side near Bayfair Mall/BART, with access to freeways and nearby shopping.
Key Highlights
- 1951‑built fourplex with four 2BR/1BA units, each about 900 SF
- Three units updated within the last 3 years; one unit updated this year
- Rear lot provides space to fit 7 cars plus a small tenant yard
Financial Insights For Apartment 5plus
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 | $99.3k | $27.96 |
| − Vacancy | −$5.8k | −$1.62 |
| EGI | $93.6k | $26.34 |
| − OpEx | −$42.1k | −$11.85 |
| NOI | $51.5k | $14.49 |
3,552 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.70M
$1.49M – $1.99M
NOI $119,223 @ 7.0% cap · market cap 10.96%
Second Best
Apartment 5plus
$735.1K
$643.2K – $857.6K
NOI $51,455 @ 7.0% cap · market cap 4.73%
Theoretical Best
Retail
$16.19M
$14.17M – $18.89M
NOI $1,133,537 @ 7.0% cap · market cap 104.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with four 2BR/1BA units, including recent updates and tenant-paid water and PGE.
Where is this quadplex located?
The property is located at 1410 150Th Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: 1951‑built fourplex with four 2BR/1BA units, each about 900 SF; Three units updated within the last 3 years; one unit updated this year; Rear lot provides space to fit 7 cars plus a small tenant yard
