Four-Unit Residential
New
For Sale
$1,090,000
16520-16526 Los Banos St, San Leandro, CA 94578
Each residence has its own carport space for dedicated vehicle parking.
Property Size2,186 SF
Days on Market1
Property Features for 16520-16526 Los Banos St
General Information
Standard status
Active
Size
2,186 SF
Total Parking Spaces
4
Property subtype
Investment
Lease Term
12 months
Units
Multifamily Units
4
Parking per Unit
1
Additional Details
Road Access
Yes
Building Details
Building Size
2,186 SF
Year Built
1955
Units
4
Listed By:
Karen C Cai
(415) 310-9571
Source:
Elliman
Added: Oct 11
Last Checked: Oct 11 at 2:38PM
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 Karen C Cai
Investment Insights
Based on property information with market context.
This four-unit residential property in San Leandro was built in 1955. Four independent carport spaces provide one parking space for each unit.
The property is on Los Banos Street. WalkScore is 56, BikeScore is 26, and TransitScore is 46.
The property is on Los Banos Street. WalkScore is 56, BikeScore is 26, and TransitScore is 46.
Key Highlights
- Four units, each with a dedicated carport space
- Built in 1955
- WalkScore: 56; BikeScore: 26; TransitScore: 46
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,373
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,460
$1.5M
Cap Rate 7%
$1,048,186
$1.0M
Cap Rate 9%
$815,256
$815.3K
Market Conditions
NOI Build-Up for 2,186 SF
Gross rent
$111.5K $51.00/SF
− Vacancy
−$6.7K −$3.05/SF
EGI
$104.8K $47.95/SF
− OpEx
−$31.4K −$14.39/SF
NOI
$73.4K $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%
$1,467,460
Cap Rate 7%
$1,048,186
Cap Rate 9%
$815,256
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$917.2K – $1.22M
NOI $73,373 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$452.4K
$395.8K – $527.8K
NOI $31,667 @ 7.0% cap · market cap 2.91%
Theoretical Best
Retail
$9.97M
$8.72M – $11.63M
NOI $697,611 @ 7.0% cap · market cap 64.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
545
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has its own carport space for dedicated vehicle parking.
Where is this quadplex located?
The property is located at 16520-16526 Los Banos St San Leandro, CA.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Four units, each with a dedicated carport space; Built in 1955; WalkScore: 56; BikeScore: 26; TransitScore: 46
