Seven-Unit Apartment
145 Chumalia St San Leandro, CA 94577
145 Chumalia St, San Leandro, CA, 94577
$2,100,000
For Sale
$2,100,000
Seven-unit multifamily property with covered parking and balconies, including one vacant unit.
Property Size5,850 SF
Price / SF$358.97
Days on Market51
Property Features for 145 Chumalia St
General Information
- Standard status
- Active
- Size
- 5,850 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agency
A.C. GOLDT REALTY
(510) 357-3350
Listed by
AMANDA GOLDT
Source
Corcoran
Added: Jun 2 Updated: Jul 21 at 10:40PM Checked: Jul 21 at 10:40PM
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 A.C. GOLDT REALTY
Investment Insights
Based on property information with market context.
This seven-unit apartment building offers a mix of residential layouts, including a townhouse-style Unit G. The property includes a common laundry room and a sizable storage room accessible through the laundry area, which can support day-to-day maintenance needs. Each unit has a covered parking space and a small storage closet. Elevated elements related to stair rail and balcony rails have been completed, and one unit is currently vacant, presenting an opportunity for updated rent setting and/or owner occupancy.
Located in the heart of San Leandro near downtown, the property is described as one block from Sprouts and Philz Coffee. It is also noted to be a few blocks from the San Leandro Library, which features a Farmers Market on Wednesdays, with additional nearby services and amenities including Safeway, the Post Office, banking, and local eateries.
Located in the heart of San Leandro near downtown, the property is described as one block from Sprouts and Philz Coffee. It is also noted to be a few blocks from the San Leandro Library, which features a Farmers Market on Wednesdays, with additional nearby services and amenities including Safeway, the Post Office, banking, and local eateries.
Key Highlights
- Seven‑unit multifamily property built in 1960, offering one vacant unit to set market rent or owner occupancy
- Each unit includes one covered parking space plus a small storage closet
- Balconies and townhouse‑style Unit G add layout variety across the building
Local 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 | $163.6k | $27.96 |
| − Vacancy | −$9.5k | −$1.62 |
| EGI | $154.1k | $26.34 |
| − OpEx | −$69.3k | −$11.85 |
| NOI | $84.7k | $14.49 |
5,850 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,744 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$26.67M
$23.34M – $31.11M
NOI $1,866,890 @ 7.0% cap · market cap 88.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily property with covered parking and balconies, including one vacant unit.
Where is this apartment building located?
The property is located at 145 Chumalia St San Leandro, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Seven‑unit multifamily property built in 1960, offering one vacant unit to set market rent or owner occupancy; Each unit includes one covered parking space plus a small storage closet; Balconies and townhouse‑style Unit G add layout variety across the building
