Mixed-Use Property in San
2144 Alvarado St San Leandro, CA 94577
2144 Alvarado St, San Leandro, CA, 94577
$995,000
For Sale
$995,000
Industrial/Residential property with office and residential units, remodeled/upgraded.
Property Size1,933 SF
Price / SF$514.74
Days on Market375
Property Features for 2144 Alvarado St
General Information
- Standard status
- Active
- Size
- 1,933 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1943
Listing agency
MICHAEL TANZILLO R.E. BRKR
(510) 889-9157
Listed by
PAUL MADER · License #00795784
Source
Corcoran
Added: Jul 12, 2025 Updated: Jul 6 at 7:49AM Checked: Jul 21 at 5:46AM
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 MICHAEL TANZILLO R.E. BRKR
Investment Insights
Based on property information with market context.
This mixed-use property features a total gross building area of 1,933 square feet. Constructed in 1996, the office space measures approximately 672 square feet and includes a large room and a restroom. The residential component is a 3-bedroom, 1-bathroom house with approximately 1,261 square feet. The property has been remodeled and upgraded and is in good overall condition. The rear yard includes a covered parking area measuring 19 feet by 76 feet, as well as a detached garage/office area of approximately 351 square feet. This property is suitable for a small business owner or contractor seeking supplemental income from the 3-bedroom residential structure. The property will be delivered vacant at the close of escrow. Please do not disturb the tenants.
Key Highlights
- Industrial/Residential property ideal for small business owner/contractor.
- Includes a 3‑bedroom, 1‑bathroom residential house (1,261+/- sq ft) for supplemental income.
- Features office space (672+/- sq ft) constructed in 1996.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.6k | $36.00 |
| − Vacancy | −$7.0k | −$3.60 |
| EGI | $62.6k | $32.40 |
| − OpEx | −$23.5k | −$12.15 |
| NOI | $39.1k | $20.25 |
1,933 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$559.2K
$489.3K – $652.4K
NOI $39,143 @ 7.0% cap · market cap 3.93%
Second Best
Office B
$558.1K
$488.3K – $651.1K
NOI $39,064 @ 7.0% cap · market cap 3.93%
Theoretical Best
Retail
$8.81M
$7.71M – $10.28M
NOI $616,872 @ 7.0% cap · market cap 62.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
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FAQs
What type of property is this?
Mixed-use property - Industrial/Residential property with office and residential units, remodeled/upgraded.
Where is this mixed-use property located?
The property is located at 2144 Alvarado St San Leandro, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Industrial/Residential property ideal for small business owner/contractor.; Includes a 3‑bedroom, 1‑bathroom residential house (1,261+/- sq ft) for supplemental income.; Features office space (672+/- sq ft) constructed in 1996.
