Duplex with Washer/Dryer
For Sale
$749,950
1540 Orchard Ave, San Leandro, CA 94577
Residential Income, San Leandro, CA
Property Size1,194 SF
Lot Size0.12 Acres
Price / SF$628.10
Days on Market47
Property Features for 1540 Orchard Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 2
Parking features
Parking Lot
Window features
Window Coverings
Exterior features
Back Yard, Front Yard, Lawn Sprinkler
Fencing
Fenced
Appliances
Gas Water Heater
Subdivision
Old San Leandro
Lot features
2 Houses / 1 Lot, Level
Elementary school district
Not Listed
High school district
San Leandro (510) 667-3500
Directions
Davis- Orchard
Standard status
Active
APN
7511011
Size
1,194 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
washer and dryer hookups
front yard
backyard with patio
outdoor storage space
Building Details
Year built
1902
Number of units
2
Flooring type
Linoleum, Laminate, Vinyl, Carpet
Building materials
Aluminum Siding
Roof type
Composition
Listing Agency:
RE/MAX Accord · RE/MAX International
(925) 847-8900
Listed By:
Bob Baptiste · License #1056636
(925) 277-0700
Added: Jul 6
Changed: Aug 19
Last Checked: Aug 21 at 3:06PM
MLS# 41140530
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.
Investment Insights
Based on property information with market context.
This duplex in San Leandro offers two separate residential units with in-unit washer and dryer hookup convenience. The layout includes one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, with outdoor space featuring a front yard and a sunny backyard with a patio. Outdoor storage is available, and the property includes a fenced perimeter.
Additional features include forced-air natural gas heating, ceiling fans for cooling support, and a gas water heater. Flooring includes laminate, vinyl, carpet, and linoleum. The exterior is constructed with aluminum siding, and the roof is a composition shingle roof. Parking is supported by a 2-car driveway with additional street parking, and utilities are served by public water and public sewer.
Built in 1902, the property is positioned near BART, parks, shopping, public transportation, and major freeways for straightforward day-to-day access.
Additional features include forced-air natural gas heating, ceiling fans for cooling support, and a gas water heater. Flooring includes laminate, vinyl, carpet, and linoleum. The exterior is constructed with aluminum siding, and the roof is a composition shingle roof. Parking is supported by a 2-car driveway with additional street parking, and utilities are served by public water and public sewer.
Built in 1902, the property is positioned near BART, parks, shopping, public transportation, and major freeways for straightforward day-to-day access.
Key Highlights
- Duplex in San Leandro with one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit
- Washer and dryer hookups in each unit for added convenience
- Patio plus front yard and back yard outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,077
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$801,540
$801.5K
Cap Rate 7%
$572,529
$572.5K
Cap Rate 9%
$445,300
$445.3K
Market Conditions
NOI Build-Up for 1,194 SF
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.
Gross rent
$60.9K $51.00/SF
− Vacancy
−$3.6K −$3.05/SF
EGI
$57.3K $47.95/SF
− OpEx
−$17.2K −$14.39/SF
NOI
$40.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$801,540
Cap Rate 7%
$572,529
Cap Rate 9%
$445,300
Alternative Uses
Best Use
Multifamily LT 5
$572.5K
$501.0K – $668.0K
NOI $40,077 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$247.1K
$216.2K – $288.3K
NOI $17,296 @ 7.0% cap · market cap 2.31%
Theoretical Best
Retail
$5.44M
$4.76M – $6.35M
NOI $381,037 @ 7.0% cap · market cap 50.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,650
Businesses Nearby
Explore this area
Business Placement
Demographics for 94577, CA
48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - San Leandro duplex with one 2-bedroom unit and one 1-bedroom unit, each with washer and dryer hookups.
Where is this duplex located?
The property is located at 1540 Orchard Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $749,950.
What are key features of this property?
This property features: Duplex in San Leandro with one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit; Washer and dryer hookups in each unit for added convenience; Patio plus front yard and back yard outdoor space
