Duplex with Garage
1603 Graham Way, San Leandro, CA 94578
For Sale
New
$849,000
Pending
Residential Income, San Leandro, CA
Property Size1,567 SF
Lot Size0.13 Acres
Days on Market6
Property Features for 1603 Graham Way
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Interior features
Exterior features
Appliances
Subdivision
Lot features
Elementary school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Water source
Amenities
fenced backyard
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Vetted Real Estate
(510) 886-1100
Listed By:
David Wilhite · License CA #00759835
(510) 329-8984
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 14 at 12:06AM
MLS# 41153367
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-unit property contains approximately 1,567 square feet of living area. The rear residence has two bedrooms and one bathroom, with a new kitchen, bathroom, and flooring. The front residence has one bedroom and one bathroom; its kitchen, bathroom, and flooring were updated approximately 2.5 years ago. Both units have garage areas with parking in front. Electrical panels have been replaced, and the exterior has been freshly painted; the rear unit also received fresh interior paint.
The 0.1303-acre lot includes front and rear yards, with a fenced backyard, lawn, and fruit trees. Public schools, public transportation, and Bay Area employment centers are nearby.
The 0.1303-acre lot includes front and rear yards, with a fenced backyard, lawn, and fruit trees. Public schools, public transportation, and Bay Area employment centers are nearby.
Key Highlights
- Two residences with a combined approximately 1,567 square feet of living area
- Rear unit has 2 bedrooms and 1 bathroom; front unit has 1 bedroom and 1 bathroom
- Rear unit has a new kitchen, bathroom, and flooring
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
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
996
Businesses Nearby
Explore this area
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
$793,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Alameda County, CA
Properties on Market for Duplexes in Alameda County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate front and rear residences offer updated kitchens and baths alongside usable yard space.
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 with a combined approximately 1,567 square feet of living area; Rear unit has 2 bedrooms and 1 bathroom; front unit has 1 bedroom and 1 bathroom; Rear unit has a new kitchen, bathroom, and flooring
