Updated Duplex with
For Sale
$1,195,000
1927 Park St, Livermore, CA 94551
Two-unit property with refreshed interiors, separate laundry, and updated building systems.
Property Size1,083 SF
Price / SF$1,103
Days on Market42
Property Features for 1927 Park St
General Information
Standard status
Active
Size
1,083 SF
Property subtype
Multi Family
Additional Details
Gross Income
$60,000
Multifamily Units
2
Amenities
in-unit washer/dryer
split system HVAC
Building Details
Year Built
1952
Listing Agency:
Valley Brokers on Main
(925) 876-5777
Listed By:
Dale Morris · License #00670746
(925) 876-5777
Source:
Exitrealty
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 2:22PM
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 Valley Brokers on Main
Investment Insights
Based on property information with market context.
This duplex contains 1,083 square feet and was built in 1952. Recent improvements include a roof installed 2 years ago, fresh interior paint, double-pane windows, security screen doors, renovated plumbing and electrical systems, newer water heaters including one tankless unit, replacement garage doors, fencing, split-system heating and cooling, refinished hardwood floors, and remodeled bathrooms. Each unit has its own washer and dryer, and tenants pay utilities and garbage.
The property is located at 1927 Park St in Livermore, California. Its two-unit configuration and extensive updates provide a clear residential income format with separately equipped living spaces.
The property is located at 1927 Park St in Livermore, California. Its two-unit configuration and extensive updates provide a clear residential income format with separately equipped living spaces.
Key Highlights
- Duplex totaling 1,083 square feet
- Roof replacement completed 2 years ago
- Updated plumbing and electrical systems
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
$36,351
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
3.04%
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%
$727,020
$727.0K
Cap Rate 7%
$519,300
$519.3K
Cap Rate 9%
$403,900
$403.9K
Market Conditions
NOI Build-Up for 1,083 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
$55.2K $51.00/SF
− Vacancy
−$3.3K −$3.05/SF
EGI
$51.9K $47.95/SF
− OpEx
−$15.6K −$14.39/SF
NOI
$36.4K $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%
$727,020
Cap Rate 7%
$519,300
Cap Rate 9%
$403,900
Alternative Uses
Best Use
Multifamily LT 5
$519.3K
$454.4K – $605.9K
NOI $36,351 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$224.1K
$196.1K – $261.5K
NOI $15,688 @ 7.0% cap · market cap 1.31%
Theoretical Best
Retail
$4.94M
$4.32M – $5.76M
NOI $345,614 @ 7.0% cap · market cap 28.92%
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed interiors, separate laundry, and updated building systems.
Where is this duplex located?
The property is located at 1927 Park St Livermore, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Duplex totaling 1,083 square feet; Roof replacement completed 2 years ago; Updated plumbing and electrical systems
