Fourplex Residential Income
For Sale
$1,088,000
Pending
1410 150Th Ave, San Leandro, CA 94578
Well-maintained fourplex with four 2BR/1BA units, including recent updates and tenant-paid water and PGE.
Property Size3,552 SF
Days on Market126
Property Features for 1410 150Th Ave
General Information
Standard status
Pending
Size
3,552 SF
Total Parking Spaces
7
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
yard
Building Details
Year Built
1951
Listing Agency:
MASON MA, BROKER
Listed By:
Mason Ma · License #01460324
(415) 812-5153
Source:
Exitrealty
Added: Jun 25
Changed: Oct 26
Last Checked: Oct 20 at 6:20PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$51,455
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,100
$1.0M
Cap Rate 7%
$735,071
$735.1K
Cap Rate 9%
$571,722
$571.7K
Market Conditions
NOI Build-Up for 3,552 SF
Gross rent
$99.3K $27.96/SF
− Vacancy
−$5.8K −$1.62/SF
EGI
$93.6K $26.34/SF
− OpEx
−$42.1K −$11.85/SF
NOI
$51.5K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,100
Cap Rate 7%
$735,071
Cap Rate 9%
$571,722
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 94578, CA
40,957
Population
14,819
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
4.6 sq mi
ZIP Area
8,904
Density / Sq Mi
$89,149
Median Household Income
$47,672
Median Earnings
$2,077
Median Rent
$793,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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
