San Lorenzo 7-Unit Apartment
15609 Ronda St San Lorenzo, CA 94580
15609 Ronda St, San Lorenzo, CA, 94580
$2,000,000
For Sale
$2,000,000
Well-maintained 7-unit apartment complex in central San Lorenzo.
Property Size4,578 SF
Price / SF$436.87
Days on Market286
Property Features for 15609 Ronda St
General Information
- Standard status
- Active
- Size
- 4,578 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agency
COMPASS
(510) 254-3831
Listed by
BRYSEN SCHUMACHER
Source
Corcoran
Added: Oct 10, 2025 Updated: Jul 6 at 9:59AM Checked: Jul 21 at 5:20AM
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 COMPASS
Investment Insights
Based on property information with market context.
This well-maintained 7-unit apartment complex is located in the center of San Lorenzo, providing tenants with convenient access to BART, major freeways, public transportation, and shopping centers. The property features two 2-bedroom, 1-bath units with spacious kitchens and dedicated dining areas. The remaining five units are 1-bedroom, 1-bath units with efficient layouts. Interior finishes include a mix of carpet and durable vinyl flooring. Each unit includes assigned parking. The property also offers two single-car garages, currently used by the owners but available to rent for additional income. A shared on-site laundry facility provides added convenience for residents and another potential revenue stream. The property size is 4578 square feet.
Key Highlights
- Prime location in San Lorenzo with easy access to BART, freeways, public transportation, and shopping centers.
- Seven‑unit apartment complex with a mix of two 2‑bedroom/1‑bath and five 1‑bedroom/1‑bath units.
- Strong rental history in a stable Bay Area rental market.
Local Financial Insights For Apartment 5plus
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 | $128.0k | $27.96 |
| − Vacancy | −$7.4k | −$1.62 |
| EGI | $120.6k | $26.34 |
| − OpEx | −$54.3k | −$11.85 |
| NOI | $66.3k | $14.49 |
4,578 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$947.4K
$829.0K – $1.11M
NOI $66,317 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$20.87M
$18.26M – $24.35M
NOI $1,460,961 @ 7.0% cap · market cap 73.05%
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?
Apartment building - Well-maintained 7-unit apartment complex in central San Lorenzo.
Where is this apartment building located?
The property is located at 15609 Ronda St San Lorenzo, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime location in San Lorenzo with easy access to BART, freeways, public transportation, and shopping centers.; Seven‑unit apartment complex with a mix of two 2‑bedroom/1‑bath and five 1‑bedroom/1‑bath units.; Strong rental history in a stable Bay Area rental market.
