Duplex with Private
For Sale
$508,000
16800 Los Banos Street San, San Leandro, CA 94578
San Leandro duplex with two tenant-occupied 2BR/1BA units, each with a private enclosed garage and a large shared yard.
Property Size1,600 SF
Price / SF$317.50
Days on Market101
Property Features for 16800 Los Banos Street San
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
Wall Furnace
Natural Gas Available, Water - Public, Individual Electric Meters, Individual Gas Meters, Composition
Building Details
Year Built
1955
Buildings
1
Tenancy
Multi
Listing Agency:
Century 21 Marquis
Listed By:
John L. Morra · License #01884598
(510) 200-4449
Source:
Kw
Added: Jun 12
Changed: Sep 20
Last Checked: Sep 19 at 2:43PM
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 Century 21 Marquis
Investment Insights
Based on property information with market context.
This well-kept duplex in San Leandro features two tenant-occupied units. Each unit offers two bedrooms, one bathroom, and approximately 800 SF of living space. Both units include a private enclosed garage, and the property also has a huge back yard suitable for gardening or a small orchard. Interior systems include wall furnace heat.
The exterior includes composition materials, with natural gas available and public water. The property also has individual electric meters and individual gas meters.
Built in 1955, this duplex offers a practical owner-occupant setup with rental income from the second unit while keeping both households on separate garages and separate utility meters.
The exterior includes composition materials, with natural gas available and public water. The property also has individual electric meters and individual gas meters.
Built in 1955, this duplex offers a practical owner-occupant setup with rental income from the second unit while keeping both households on separate garages and separate utility meters.
Key Highlights
- Two tenant‑occupied units with two bedrooms and one bathroom each
- Approximately 800 SF per unit
- Private enclosed garage for each unit
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
$23,178
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
4.56%
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%
$463,560
$463.6K
Cap Rate 7%
$331,114
$331.1K
Cap Rate 9%
$257,533
$257.5K
Market Conditions
NOI Build-Up for 1,600 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
$44.7K $27.96/SF
− Vacancy
−$2.6K −$1.62/SF
EGI
$42.1K $26.34/SF
− OpEx
−$19.0K −$11.85/SF
NOI
$23.2K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
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%
$463,560
Cap Rate 7%
$331,114
Cap Rate 9%
$257,533
Alternative Uses
Best Use
Multifamily LT 5
$767.2K
$671.3K – $895.1K
NOI $53,704 @ 7.0% cap · market cap 10.57%
Second Best
Apartment 5plus
$331.1K
$289.7K – $386.3K
NOI $23,178 @ 7.0% cap · market cap 4.56%
Theoretical Best
Retail
$7.29M
$6.38M – $8.51M
NOI $510,602 @ 7.0% cap · market cap 100.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - San Leandro duplex with two tenant-occupied 2BR/1BA units, each with a private enclosed garage and a large shared yard.
Where is this duplex located?
The property is located at 16800 Los Banos Street San San Leandro, CA.
What is the asking price?
The asking price for this property is $508,000.
What are key features of this property?
This property features: Two tenant‑occupied units with two bedrooms and one bathroom each; Approximately 800 SF per unit; Private enclosed garage for each unit
