Building Details

Year Built 1962

Listing Agency: COMPASS Show Phone

Listed By: BRYSEN SCHUMACHER Show Phone

Source: Corcoran

Added: Oct 10, 2025 Changed: Oct 8 Last Checked: Oct 20 at 9:28PM

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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

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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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,317

Cap Rate

3.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,326,340 $1.3M

Cap Rate 7%

$947,386 $947.4K

Cap Rate 9%

$736,856 $736.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,578 SF

Gross rent

$128.0K $27.96/SF

− Vacancy

−$7.4K −$1.62/SF

EGI

$120.6K $26.34/SF

− OpEx

−$54.3K −$11.85/SF

NOI

$66.3K $14.49/SF

Area

Alameda County, CA

Vacancy

5.80%

Lease Rate

$27.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,326,340

Cap Rate 7%

$947,386

Cap Rate 9%

$736,856

Alternative Uses

Best Use

Apartment 5plus

$947.4K

$829.0K – $1.11M (±1% cap)

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 (±1% cap)

NOI $1,460,961 @ 7.0% cap · market cap 73.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Location Intelligence

Trade Area within ½ mile

622

Businesses Nearby

Explore this area Business Placement

Demographics for 94580, CA

29,590

Population

9,067

Households

3.3

Avg Household Size

39

Median Age

26%

College-Educated

83%

High-School Grad

3.3 sq mi

ZIP Area

8,967

Density / Sq Mi

$110,106

Median Household Income

$52,790

Median Earnings

$2,164

Median Rent

$820,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

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.