Four-Unit Residential Income
For Sale
$975,000
1970 Powell Street, San Pablo, CA 94806
Residential Income, San Pablo, CA
Property Size2,912 SF
Lot Size0.11 Acres
Price / SF$334.82
Days on Market8
Property Features for 1970 Powell Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 7
Parking
4
Directions
San Pablo Ave to Church Lane. Right on Dover, Right on Powell.
Subdivision
San Pablo Proper
Standard status
Active
APN
4111800308
Size
2,912 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
individually metered units
onsite laundry room
privacy-fenced greenspace
parking
Building Details
Year built
1961
Number of units
4
Listing Agency:
eXp Realty of California, Inc
(888) 832-7179
Listed By:
Rick Warner
(888) 584-9427 x119
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 7 at 8:06AM
MLS# 326081098
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,912 square feet on a 0.1116-acre lot and was built in 1961. Three units have been remodeled with luxury vinyl plank flooring and updated fixtures and finishes; the fourth remains an opportunity for additional work. One unit is staged. The property also has individually metered units, a laundry room with washer and dryer, privacy-fenced green space, and on-site parking.
Public water and sewer serve the property. Heating is provided by wall furnaces.
Public water and sewer serve the property. Heating is provided by wall furnaces.
Key Highlights
- Four units in a 2,912‑square‑foot residential property
- Three units remodeled with luxury vinyl plank flooring and updated fixtures and finishes
- Fourth unit offers an opportunity for updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,856
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,120
$997.1K
Cap Rate 7%
$712,229
$712.2K
Cap Rate 9%
$553,956
$554.0K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$75.1K $25.80/SF
− Vacancy
−$3.9K −$1.34/SF
EGI
$71.2K $24.46/SF
− OpEx
−$21.4K −$7.34/SF
NOI
$49.9K $17.12/SF
Area
Contra Costa County, CA
Vacancy
5.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,120
Cap Rate 7%
$712,229
Cap Rate 9%
$553,956
Alternative Uses
Best Use
Multifamily LT 5
$712.2K
$623.2K – $830.9K
NOI $49,856 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$661.3K
$578.6K – $771.5K
NOI $46,291 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$1.10M
$963.2K – $1.28M
NOI $77,052 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 94806, CA
64,589
Population
21,360
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
79%
High-School Grad
7.9 sq mi
ZIP Area
8,176
Density / Sq Mi
$82,818
Median Household Income
$43,355
Median Earnings
$2,013
Median Rent
$582,000
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?
Quadplex - Three residences have been remodeled, while a fourth offers an opportunity for further updates.
Where is this quadplex located?
The property is located at 1970 Powell Street San Pablo, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four units in a 2,912‑square‑foot residential property; Three units remodeled with luxury vinyl plank flooring and updated fixtures and finishes; Fourth unit offers an opportunity for updates
