Duplex With Detached Two-Car
For Sale
$799,000
15291-15293 Central Avenue, San Leandro, CA 94578
Updated two-unit property with separate utility metering, one vacant residence, and one occupied unit.
Property Size1,760 SF
Price / SF$453.98
Days on Market56
Property Features for 15291-15293 Central Avenue
General Information
Standard status
Active
Size
1,760 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1952
Listing Agency:
Pmz Real Estate
(209) 852-2255
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Aug 24
Changed: Oct 16
Last Checked: Oct 16 at 8:30AM
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 Pmz Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,760-square-foot duplex, built in 1952, includes two separate residences. One unit has two bedrooms and one bathroom and is currently vacant, with fresh interior paint and refinished hardwood flooring. The other residence is occupied. Each unit has independent water, gas, and electric meters. A detached two-car garage with an open front is positioned on the property, along with additional outdoor space.
Recent property improvements include dual-pane windows throughout and new exterior paint. The address is near shopping, dining, parks, schools, BART, and major commuter routes including I-880 and I-580, providing access across the Bay Area. The combination of a vacant unit, an occupied unit, separate metering, and detached parking creates a flexible duplex configuration for an owner-occupant or rental property owner.
Recent property improvements include dual-pane windows throughout and new exterior paint. The address is near shopping, dining, parks, schools, BART, and major commuter routes including I-880 and I-580, providing access across the Bay Area. The combination of a vacant unit, an occupied unit, separate metering, and detached parking creates a flexible duplex configuration for an owner-occupant or rental property owner.
Key Highlights
- 1,760 SF duplex with two separate residential units
- One 2‑bedroom, 1‑bath unit is vacant; the second unit is tenant‑occupied
- Separate water, gas, and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,075
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,500
$1.2M
Cap Rate 7%
$843,929
$843.9K
Cap Rate 9%
$656,389
$656.4K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$89.8K $51.00/SF
− Vacancy
−$5.4K −$3.05/SF
EGI
$84.4K $47.95/SF
− OpEx
−$25.3K −$14.39/SF
NOI
$59.1K $33.57/SF
Area
Alameda County, CA
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,500
Cap Rate 7%
$843,929
Cap Rate 9%
$656,389
Alternative Uses
Best Use
Multifamily LT 5
$843.9K
$738.4K – $984.6K
NOI $59,075 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$364.2K
$318.7K – $424.9K
NOI $25,495 @ 7.0% cap · market cap 3.19%
Theoretical Best
Retail
$8.02M
$7.02M – $9.36M
NOI $561,663 @ 7.0% cap · market cap 70.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
947
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with separate utility metering, one vacant residence, and one occupied unit.
Where is this duplex located?
The property is located at 15291-15293 Central Avenue San Leandro, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,760 SF duplex with two separate residential units; One 2‑bedroom, 1‑bath unit is vacant; the second unit is tenant‑occupied; Separate water, gas, and electric meters for each unit
