Duplex with Separate Utility
1552 Orchard Ave San Leandro, CA 94577
1552 Orchard Ave, San Leandro, CA, 94577
$998,000
Pending
For Sale
$998,000
Pending
Two-unit duplex with separate utilities, one vacant for immediate occupancy, and tenant-occupied four-bedroom unit.
Property Size2,264 SF
Days on Market127
Property Features for 1552 Orchard Ave
General Information
- Standard status
- Pending
- Size
- 2,264 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1967
Listing Agency
Re/Max Accord
(510) 378-0000
Listed by
Christy Tsui · License #01395673
(510) 378-0000
Source
Exitrealty
Added: Mar 15 Checked: Jul 19 at 5:05 am
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 Re/Max Accord
Investment Insights
Based on property information with market context.
This duplex offers two separate residences with a practical live-in or rental setup. The upper unit is a vacant 2-bedroom home, providing immediate move-in or rental flexibility. The downstairs unit is tenant-occupied and features 4 bedrooms and 2 bathrooms. The property includes separate utility meters, with all utilities paid by the tenants.
Outside, both units benefit from well-maintained yard areas, including fruit trees. The downstairs unit also has a private backyard BBQ area. Each unit has its own separate laundry area. Parking is provided via garages, with the downstairs unit receiving 2-car garage parking and the upstairs unit receiving 1-car garage parking.
The location supports commuter convenience, with walking access to BART and quick access to Interstate 880 and Interstate 580. Nearby shopping and dining are also described as accessible. For investors or owner-occupants, the combination of a vacant unit and a tenant-occupied unit can support flexible occupancy planning, while the separate utility metering helps keep operating expenses tenant-paid.
Outside, both units benefit from well-maintained yard areas, including fruit trees. The downstairs unit also has a private backyard BBQ area. Each unit has its own separate laundry area. Parking is provided via garages, with the downstairs unit receiving 2-car garage parking and the upstairs unit receiving 1-car garage parking.
The location supports commuter convenience, with walking access to BART and quick access to Interstate 880 and Interstate 580. Nearby shopping and dining are also described as accessible. For investors or owner-occupants, the combination of a vacant unit and a tenant-occupied unit can support flexible occupancy planning, while the separate utility metering helps keep operating expenses tenant-paid.
Key Highlights
- Two‑unit duplex built in 1967 with a tenant‑occupied 4BR/2BA unit and a vacant upstairs 2‑bedroom unit for immediate move‑in or rental
- Separate utility meters for each unit with all utilities paid by tenants
- Separate laundry areas for each unit
Local Financial Insights For Multifamily LT 5
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 | $115.5k | $51.00 |
| − Vacancy | −$6.9k | −$3.05 |
| EGI | $108.6k | $47.95 |
| − OpEx | −$32.6k | −$14.39 |
| NOI | $76.0k | $33.57 |
2,264 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$949.9K – $1.27M
NOI $75,991 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$468.5K
$410.0K – $546.6K
NOI $32,796 @ 7.0% cap · market cap 3.29%
Theoretical Best
Retail
$10.32M
$9.03M – $12.04M
NOI $722,502 @ 7.0% cap · market cap 72.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex with separate utilities, one vacant for immediate occupancy, and tenant-occupied four-bedroom unit.
Where is this duplex located?
The property is located at 1552 Orchard Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1967 with a tenant‑occupied 4BR/2BA unit and a vacant upstairs 2‑bedroom unit for immediate move‑in or rental; Separate utility meters for each unit with all utilities paid by tenants; Separate laundry areas for each unit
