Mixed-Use Redevelopment
15950 E 14th St San Leandro, CA 94578
15950 E 14th St, San Leandro, CA, 94578
$1,880,000
For Sale
$1,880,000
Fully entitled redevelopment with 36 residential units and about 5,017 SF of street-level retail space.
Property Size5,017 SF
Price / SF$374.73
Days on Market91
Property Features for 15950 E 14th St
General Information
- Standard status
- Active
- Size
- 5,017 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1947
Listing agency
BellStreet Inc.
(650) 282-0477
Listed by
Amit Urban · License #01998926
(650) 282-0477
Source
Elliman
Added: Apr 22 Updated: Jul 20 at 6:03PM Checked: Jul 20 at 6:03PM
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 BellStreet Inc.
Investment Insights
Based on property information with market context.
Offered for sale is a fully entitled mixed-use redevelopment project presented as a dual-parcel assemblage. Plans are finalized to deliver 36 residential units across a defined unit mix of 11 studios, 15 one-bedroom homes, and 10 two-bedroom residences, paired with approximately 5,017 SF of street-level retail space.
The project is positioned in the heart of San Leandro, with reported walkScore of 86 (very walkable), bikeScore of 54 (bikeable), and transitScore of 52 (good transit). The development is described as shovel-ready, with entitlements secured so the work can move forward without the lengthy approval process.
The project is positioned in the heart of San Leandro, with reported walkScore of 86 (very walkable), bikeScore of 54 (bikeable), and transitScore of 52 (good transit). The development is described as shovel-ready, with entitlements secured so the work can move forward without the lengthy approval process.
Key Highlights
- Fully entitled redevelopment project: 36 residential units plus 5,017 SF of street‑level retail space
- Unit mix includes 11 studios, 15 one‑bedroom, and 10 two‑bedroom homes
- Street‑level retail totals approximately 5,017 SF to support additional income alongside residential units
Local Financial Insights For Mixed Use
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 | $180.6k | $36.00 |
| − Vacancy | −$18.1k | −$3.60 |
| EGI | $162.6k | $32.40 |
| − OpEx | −$61.0k | −$12.15 |
| NOI | $101.6k | $20.25 |
5,017 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$22.87M
$20.01M – $26.68M
NOI $1,601,058 @ 7.0% cap · market cap 85.16%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,594 @ 7.0% cap · market cap 5.40%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Swetha Anand
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully entitled redevelopment with 36 residential units and about 5,017 SF of street-level retail space.
Where is this mixed-use property located?
The property is located at 15950 E 14th St San Leandro, CA.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Fully entitled redevelopment project: 36 residential units plus 5,017 SF of street‑level retail space; Unit mix includes 11 studios, 15 one‑bedroom, and 10 two‑bedroom homes; Street‑level retail totals approximately 5,017 SF to support additional income alongside residential units
