Duplex with Outdoor
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 Market59
Property Features for 1540 Orchard Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 2, 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
Vinyl, Linoleum, Laminate, 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: Sep 2
Last Checked: Sep 2 at 4:06PM
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 contains two residential units: one with two bedrooms and one with one bedroom. Both units include washer and dryer hookups. The property also features front and rear yard areas, a patio, fencing, exterior storage, and a gas water heater. Interior finishes include vinyl, linoleum, laminate, and carpet, with forced-air natural gas heating and ceiling fans.
Built in 1902, the property encompasses 1,194 square feet on a 0.1182-acre lot. Public water and public sewer serve the site, which is located in San Leandro near BART, parks, shopping, public transportation, and major freeways. The address is 1540 Orchard Ave, San Leandro, CA 94577.
Built in 1902, the property encompasses 1,194 square feet on a 0.1182-acre lot. Public water and public sewer serve the site, which is located in San Leandro near BART, parks, shopping, public transportation, and major freeways. The address is 1540 Orchard Ave, San Leandro, CA 94577.
Key Highlights
- Two‑unit duplex with one 2‑bedroom unit and one 1‑bedroom unit
- 1,194 square feet on a 0.1182‑acre lot
- Washer and dryer hookups in both units
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
2
Residential units
Yes
Highway 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 - Two residential units include washer and dryer hookups, fenced yard areas, a patio, and exterior storage.
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: Two‑unit duplex with one 2‑bedroom unit and one 1‑bedroom unit; 1,194 square feet on a 0.1182‑acre lot; Washer and dryer hookups in both units
