6-Unit Apartment
14746 Martell Ave, San Leandro, CA 94578
For Sale
$2,480,000
Residential Income, San Leandro, CA
Property Size6,242 SF
Lot Size0.21 Acres
Price / SF$397.31
Days on Market48
Property Features for 14746 Martell Ave
General Information
Property type
Property subtype
Parking features
Exterior features
Subdivision
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
RE/MAX Accord · RE/MAX International
(510) 739-4000
Listed By:
Monica Li · License #2061184
(510) 676-6553
Added: Sep 23
Changed: Oct 27
Last Checked: Nov 9 at 5:06AM
MLS# 41149235
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 14746 Martell Ave in San Leandro, this six-unit apartment property was built in 1962 and contains approximately 6,242 square feet of building area on an approximately 9,354-square-foot lot. The unit mix includes two- and three-bedroom layouts. Interior finishes include carpet, vinyl, and tile flooring, while cooling is provided by window or wall/window units. Covered parking is available, and the property is served by public water and public sewer.
The property is near E. 14th Street, with access to I-580, I-880, the San Mateo-Hayward Bridge, and Bay Fair BART. The roof has composition shingles, and the exterior includes no yard. Its established rental history and six-unit configuration provide a clear multifamily operating profile for ownership or continued rental use.
The property is near E. 14th Street, with access to I-580, I-880, the San Mateo-Hayward Bridge, and Bay Fair BART. The roof has composition shingles, and the exterior includes no yard. Its established rental history and six-unit configuration provide a clear multifamily operating profile for ownership or continued rental use.
Key Highlights
- Six apartment units with two- and three‑bedroom floor plans
- Approximately 6,242 SF of building area
- Approximately 9,354 SF lot built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,422
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,808,440
$1.8M
Cap Rate 7%
$1,291,743
$1.3M
Cap Rate 9%
$1,004,689
$1.0M
Market Conditions
NOI Build-Up for 6,242 SF
Gross rent
$174.5K $27.96/SF
− Vacancy
−$10.1K −$1.62/SF
EGI
$164.4K $26.34/SF
− OpEx
−$74.0K −$11.85/SF
NOI
$90.4K $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%
$1,808,440
Cap Rate 7%
$1,291,743
Cap Rate 9%
$1,004,689
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,422 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.99M
$2.62M – $3.49M
NOI $209,514 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
915
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
$793,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in San Leandro, CA
Properties on Market for Apartment buildings in San Leandro
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with two- and three-bedroom floor plans and covered parking in San Leandro.
Where is this apartment building located?
The property is located at 14746 Martell Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $2,480,000.
What are key features of this property?
This property features: Six apartment units with two- and three‑bedroom floor plans; Approximately 6,242 SF of building area; Approximately 9,354 SF lot built in 1962
