Four-Unit Property with Covered
For Sale
$1,228,888
2180 Clarke St, San Leandro, CA 94577
The 1968-built property offers covered parking, garage space, and access to BART, shopping, and freeways.
Property Size3,177 SF
Price / SF$386.81
Days on Market55
Property Features for 2180 Clarke St
General Information
Standard status
Active
Size
3,177 SF
Total Parking Spaces
6
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
1968
Listing Agency:
Kenneth A. Kremer, Broker
(510) 881-7000
Listed By:
Kenneth Kremer · License #00550782
(510) 301-1957
Source:
Exitrealty
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 19 at 5:36AM
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 Kenneth A. Kremer, Broker
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Investment Insights
Based on property information with market context.
Built in 1968, this quadplex contains 3,174 square feet across four residential units. Parking includes a 4-car carport and a 2-car garage. Three of the four tenants are identified as long-term occupants.
The property is located at 2180 Clarke St in San Leandro, with access to BART, shopping, and nearby freeways. Its walk score is 81, categorized as Very Walkable. The bike score is 55, classified as Bikeable, and the transit score is 35, classified as Some Transit.
The property is located at 2180 Clarke St in San Leandro, with access to BART, shopping, and nearby freeways. Its walk score is 81, categorized as Very Walkable. The bike score is 55, classified as Bikeable, and the transit score is 35, classified as Some Transit.
Key Highlights
- Four‑unit quadplex with 3,174 sf of building area
- Built in 1968
- 4‑car carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,636
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,132,720
$2.1M
Cap Rate 7%
$1,523,371
$1.5M
Cap Rate 9%
$1,184,844
$1.2M
Market Conditions
NOI Build-Up for 3,177 SF
Gross rent
$162.0K $51.00/SF
− Vacancy
−$9.7K −$3.05/SF
EGI
$152.3K $47.95/SF
− OpEx
−$45.7K −$14.39/SF
NOI
$106.6K $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 Rate 5%
$2,132,720
Cap Rate 7%
$1,523,371
Cap Rate 9%
$1,184,844
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.78M
NOI $106,636 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$657.5K
$575.3K – $767.0K
NOI $46,022 @ 7.0% cap · market cap 3.75%
Theoretical Best
Retail
$14.48M
$12.67M – $16.90M
NOI $1,013,865 @ 7.0% cap · market cap 82.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,789
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The 1968-built property offers covered parking, garage space, and access to BART, shopping, and freeways.
Where is this quadplex located?
The property is located at 2180 Clarke St San Leandro, CA.
What is the asking price?
The asking price for this property is $1,228,888.
What are key features of this property?
This property features: Four‑unit quadplex with 3,174 sf of building area; Built in 1968; 4‑car carport
