San Leandro Multifamily Investment
For Sale
Contact for pricing
185 Belleview Dr, San Leandro, CA 94577
Two buildings totaling 10 units in San Leandro, California.
Property Size9,226 SF
Price / SF$368.52
Days on Market214
Property Features for 185 Belleview Dr
General Information
Standard status
Active
Size
9,226 SF
Property subtype
Multifamily
Occupancy
90%
Net Operating Income
$181,739
Building Details
Year Built
1943
Year Renovated
2022
Units
10
Listing Agency:
Marcus & Millichap - San Francisco
Listed By:
Stephen Jackson · License #01725067
(415) 625-2149
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 8 at 6:31AM
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 Marcus & Millichap - San Francisco
Investment Insights
Based on property information with market context.
This offering comprises two buildings located at 185 Belleview Drive and 350 Lafayette in San Leandro, California, totaling 10 units. The property is classified as an apartment building, multifamily property, and residential income property. The total property size is 9226 square feet.
Key Highlights
- Two buildings included: 185 Belleview & 350 Lafayette
- Total of 10 units
- Multi‑unit property consisting of two addresses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,649
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,672,980
$2.7M
Cap Rate 7%
$1,909,271
$1.9M
Cap Rate 9%
$1,484,989
$1.5M
Market Conditions
NOI Build-Up for 9,226 SF
Gross rent
$258.0K $27.96/SF
− Vacancy
−$15.0K −$1.62/SF
EGI
$243.0K $26.34/SF
− OpEx
−$109.3K −$11.85/SF
NOI
$133.6K $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 Rate 5%
$2,672,980
Cap Rate 7%
$1,909,271
Cap Rate 9%
$1,484,989
Alternative Uses
Best Use
Apartment 5plus
$1.91M
$1.67M – $2.23M
NOI $133,649 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$42.06M
$36.80M – $49.07M
NOI $2,944,261 @ 7.0% cap · market cap 86.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 94577, CA
48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Apartment building - Two buildings totaling 10 units in San Leandro, California.
Where is this apartment building located?
The property is located at 185 Belleview Dr San Leandro, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Two buildings included: 185 Belleview & 350 Lafayette; Total of 10 units; Multi‑unit property consisting of two addresses
