Updated Two-Unit
For Sale
$849,000
1603 Graham Way, San Leandro, CA 94578
Both residences have garage areas, with additional parking positioned in front of each garage.
Property Size1,567 SF
Price / SF$541.80
Days on Market22
Property Features for 1603 Graham Way
General Information
Standard status
Active
Size
1,567 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Units
Unit Mix
Rear Unit 2BR/1BA, Front Unit 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
Updated Baths
Updated Kitchen
Tub w/Shower Over
Back Yard
Front Yard
Landscape Back
Landscape Front
Yard Space
Building Details
Building Size
1,567 SF
Year Built
1950
Buildings
1
Listing Agency:
Vetted Real Estate
(510) 886-1100
Listed By:
David Wilhite · License #00759835
(510) 329-8984
Source:
Gezarealty
Added: Oct 5
Changed: Oct 25
Last Checked: Oct 23 at 2:26PM
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 Vetted Real Estate
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Investment Insights
Based on property information with market context.
This 1,567-square-foot duplex, built in 1950, contains two distinct residences: a front one-bedroom, one-bath unit and a rear two-bedroom, one-bath unit. The rear residence has a recently replaced kitchen, bathroom and flooring; the front unit’s corresponding finishes were updated approximately 2.5 years ago. Electrical panels have been replaced, and the exterior has received fresh paint, as has the rear unit’s interior.
Each unit has a garage area and parking in front. The property also includes front and rear yards, plus a fenced backyard with a large lawn and fruit trees. It is situated on a court near public schools, public transportation and Bay Area employment centers.
Each unit has a garage area and parking in front. The property also includes front and rear yards, plus a fenced backyard with a large lawn and fruit trees. It is situated on a court near public schools, public transportation and Bay Area employment centers.
Key Highlights
- Two residences: front unit has 1 bedroom and 1 bath; rear unit has 2 bedrooms and 1 bath
- 1,567 square feet of living area; built in 1950
- Rear unit kitchen, bathroom and flooring recently replaced; front unit finishes updated approximately 2.5 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,597
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,051,940
$1.1M
Cap Rate 7%
$751,386
$751.4K
Cap Rate 9%
$584,411
$584.4K
Market Conditions
NOI Build-Up for 1,567 SF
Gross rent
$79.9K $51.00/SF
− Vacancy
−$4.8K −$3.05/SF
EGI
$75.1K $47.95/SF
− OpEx
−$22.5K −$14.39/SF
NOI
$52.6K $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 Rate 5%
$1,051,940
Cap Rate 7%
$751,386
Cap Rate 9%
$584,411
Alternative Uses
Best Use
Multifamily LT 5
$751.4K
$657.5K – $876.6K
NOI $52,597 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$324.3K
$283.8K – $378.3K
NOI $22,700 @ 7.0% cap · market cap 2.67%
Theoretical Best
Retail
$7.14M
$6.25M – $8.33M
NOI $500,071 @ 7.0% cap · market cap 58.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
996
Businesses Nearby
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Business Placement
Demographics for 94578, CA
40,957
Population
14,819
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
4.6 sq mi
ZIP Area
8,904
Density / Sq Mi
$89,149
Median Household Income
$47,672
Median Earnings
$2,077
Median Rent
$793,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have garage areas, with additional parking positioned in front of each garage.
Where is this duplex located?
The property is located at 1603 Graham Way San Leandro, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two residences: front unit has 1 bedroom and 1 bath; rear unit has 2 bedrooms and 1 bath; 1,567 square feet of living area; built in 1950; Rear unit kitchen, bathroom and flooring recently replaced; front unit finishes updated approximately 2.5 years ago
