San Pablo Multifamily Investment
2215 Dover Ave San Pablo, CA 94806
2215 Dover Ave, San Pablo, CA, 94806
$1,495,000
For Sale
$1,495,000
Six units in San Pablo near transit and amenities.
Property Size4,888 SF
Price / SF$305.85
Days on Market100
Property Features for 2215 Dover Ave
General Information
- Standard status
- Active
- Size
- 4,888 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
THE PINZA GROUP, INC
(510) 725-4775
Listed by
STEVEN PINZA
Source
Corcoran
Added: Apr 9 Checked: Jul 17 at 2:18 am
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 THE PINZA GROUP, INC
Investment Insights
Based on property information with market context.
This multifamily property features six units, including two 3-bedroom, 1-bathroom units exceeding 1,000 square feet and four 1-bedroom, 1-bathroom units of nearly 700 square feet. The property includes on-site laundry facilities and low-maintenance landscaping. Recent exterior paint and roof resurfacing have been completed. Located in San Pablo, the property offers access to public transportation, shopping centers, schools, Kaiser Medical Center, and the Richmond Marina. It also provides convenient access to I-580 and I-80 freeways, as well as the Richmond Ferry Terminal. The building size is 4,888 square feet.
Key Highlights
- Six units: Two spacious 3bd/1bth (over 1,000 SqFt) and Four 1bd/1bth (nearly 700 SqFt).
- Located in San Pablo, a growing city with no rent control.
- Convenient location near public transit, shopping, schools, Kaiser Medical Center, and Richmond Marina.
Local Financial Insights For Apartment 5plus
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 | $148.4k | $30.36 |
| − Vacancy | −$7.1k | −$1.46 |
| EGI | $141.3k | $28.90 |
| − OpEx | −$63.6k | −$13.01 |
| NOI | $77.7k | $15.90 |
4,888 SF · lease $30.36/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$971.3K – $1.30M
NOI $77,702 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,336 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six units in San Pablo near transit and amenities.
Where is this apartment building located?
The property is located at 2215 Dover Ave San Pablo, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Six units: Two spacious 3bd/1bth (over 1,000 SqFt) and Four 1bd/1bth (nearly 700 SqFt).; Located in San Pablo, a growing city with no rent control.; Convenient location near public transit, shopping, schools, Kaiser Medical Center, and Richmond Marina.
