Updated Duplex with Two
For Sale
$998,888
1781 Park St, Livermore, CA 94551
Two one-bedroom residences offer remodeled interiors, modern systems, and in-unit laundry equipment.
Property Size1,134 SF
Price / SF$880.85
Days on Market9
Property Features for 1781 Park St
General Information
Standard status
Active
Size
1,134 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1948
Listing Agency:
Monument Realty
(510) 385-3507
Listed By:
Dan Schaefer · License #01005284
(510) 385-3507
Source:
Exitrealty
Added: Aug 24
Changed: Aug 31
Last Checked: Aug 31 at 6:05PM
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 Monument Realty
Investment Insights
Based on property information with market context.
Located at 1781 Park St in Livermore, this duplex contains two one-bedroom, one-bath units. Both residences were remodeled 5 years ago with updated kitchens and bathrooms featuring granite, tile backsplashes, gas ranges, dishwashers, and microwaves. Additional improvements include dual-pane windows, new water and sewer lines, tankless water heaters, central heat and air, stackable laundry units, interior doors, flooring, closet organizers, coffered ceilings, recessed lighting, and ceiling fans.
The property was built in 1948 and includes new landscaping, fencing, and backyard arbors. The two-unit configuration and extensive renovation history define the asset, while the combination of updated systems, appliances, finishes, and laundry equipment provides a consistent setup across both residences.
The property was built in 1948 and includes new landscaping, fencing, and backyard arbors. The two-unit configuration and extensive renovation history define the asset, while the combination of updated systems, appliances, finishes, and laundry equipment provides a consistent setup across both residences.
Key Highlights
- Two 1‑bedroom, 1‑bath units
- Remodeled 5 years ago
- Tankless water heaters and new water and sewer lines
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
$38,063
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
3.81%
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%
$761,260
$761.3K
Cap Rate 7%
$543,757
$543.8K
Cap Rate 9%
$422,922
$422.9K
Market Conditions
NOI Build-Up for 1,134 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
$57.8K $51.00/SF
− Vacancy
−$3.5K −$3.05/SF
EGI
$54.4K $47.95/SF
− OpEx
−$16.3K −$14.39/SF
NOI
$38.1K $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%
$761,260
Cap Rate 7%
$543,757
Cap Rate 9%
$422,922
Alternative Uses
Best Use
Multifamily LT 5
$543.8K
$475.8K – $634.4K
NOI $38,063 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$234.7K
$205.3K – $273.8K
NOI $16,427 @ 7.0% cap · market cap 1.64%
Theoretical Best
Retail
$5.17M
$4.52M – $6.03M
NOI $361,889 @ 7.0% cap · market cap 36.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,219
Businesses Nearby
Explore this area
Business Placement
Demographics for 94551, CA
40,358
Population
14,475
Households
2.8
Avg Household Size
38
Median Age
44%
College-Educated
92%
High-School Grad
82.7 sq mi
ZIP Area
488
Density / Sq Mi
$130,705
Median Household Income
$67,591
Median Earnings
$2,589
Median Rent
$931,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences offer remodeled interiors, modern systems, and in-unit laundry equipment.
Where is this duplex located?
The property is located at 1781 Park St Livermore, CA.
What is the asking price?
The asking price for this property is $998,888.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units; Remodeled 5 years ago; Tankless water heaters and new water and sewer lines
