Corner Lot Triplex with
For Sale
$649,000
16701 Liberty Street, San Leandro, CA 94578
Three 1-bedroom, 1-bath units on a corner lot with two carports and in-unit washer and dryer hookups.
Property Size1,560 SF
Lot Size0.17 Acres
Price / SF$416.03
Days on Market48
Property Features for 16701 Liberty Street
General Information
Standard status
Active
Size
1,560 SF
Total Parking Spaces
2
Lot size
0.17 Acres
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
washer and dryer hookups
separately metered
backyard area
Building Details
Year Built
1952
Tenancy
Multi
Listing Agency:
Compass
(510) 207-2761
Listed By:
Anthony Lim · License #01912016
(510) 207-2761
Source:
Exitrealty
Added: Jul 10
Changed: Aug 25
Last Checked: Aug 25 at 5:34AM
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
Investment Insights
Based on property information with market context.
This triplex features three 1-bedroom, 1-bath units: two attached front units and a detached rear unit, creating separation between living spaces. Each unit includes washer and dryer hookups, and the property is separately metered for gas and electricity. The rear detached unit needs work.
Set on a 7,500 sq. ft. corner lot, the property includes two carports and a spacious backyard area. The location offers easy access throughout the East Bay, with nearby freeways, shopping, public transportation, and everyday amenities.
As configured, the property provides a straightforward three-unit income setup, with the detached rear unit presenting a value-add opportunity through needed repairs.
Set on a 7,500 sq. ft. corner lot, the property includes two carports and a spacious backyard area. The location offers easy access throughout the East Bay, with nearby freeways, shopping, public transportation, and everyday amenities.
As configured, the property provides a straightforward three-unit income setup, with the detached rear unit presenting a value-add opportunity through needed repairs.
Key Highlights
- Triplex on a 7,500 sq ft corner lot in San Leandro built in 1952
- Three 1‑bedroom, 1‑bath units: two attached front units plus one detached rear unit
- Washer and dryer hookups in all units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,362
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,240
$1.0M
Cap Rate 7%
$748,029
$748.0K
Cap Rate 9%
$581,800
$581.8K
Market Conditions
NOI Build-Up for 1,560 SF
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.
Gross rent
$79.6K $51.00/SF
− Vacancy
−$4.8K −$3.05/SF
EGI
$74.8K $47.95/SF
− OpEx
−$22.4K −$14.39/SF
NOI
$52.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,240
Cap Rate 7%
$748,029
Cap Rate 9%
$581,800
Alternative Uses
Best Use
Multifamily LT 5
$748.0K
$654.5K – $872.7K
NOI $52,362 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,598 @ 7.0% cap · market cap 3.48%
Theoretical Best
Retail
$7.11M
$6.22M – $8.30M
NOI $497,837 @ 7.0% cap · market cap 76.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
689
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?
Triplex - Three 1-bedroom, 1-bath units on a corner lot with two carports and in-unit washer and dryer hookups.
Where is this triplex located?
The property is located at 16701 Liberty Street San Leandro, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Triplex on a 7,500 sq ft corner lot in San Leandro built in 1952; Three 1‑bedroom, 1‑bath units: two attached front units plus one detached rear unit; Washer and dryer hookups in all units
