San Pablo Multifamily Investment
For Sale
$1,495,000
2215 Dover Ave, San Pablo, CA 94806
Six units in San Pablo near transit and amenities.
Property Size4,888 SF
Price / SF$305.85
Days on Market192
Property Features for 2215 Dover Ave
General Information
Standard status
Active
Size
4,888 SF
Property subtype
Apt Complex
Building Details
Building Size
4,888 SF
Year Built
1950
Listing Agency:
The Pinza Group, Inc
Listed By:
Steven Pinza, · License #01867691
(510) 725-4775
Source:
Annnewtoncane
Added: Apr 7
Changed: Oct 1
Last Checked: Oct 15 at 7:43AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,702
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,554,040
$1.6M
Cap Rate 7%
$1,110,029
$1.1M
Cap Rate 9%
$863,356
$863.4K
Market Conditions
NOI Build-Up for 4,888 SF
Gross rent
$148.4K $30.36/SF
− Vacancy
−$7.1K −$1.46/SF
EGI
$141.3K $28.90/SF
− OpEx
−$63.6K −$13.01/SF
NOI
$77.7K $15.90/SF
Area
Contra Costa County, CA
Vacancy
4.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,554,040
Cap Rate 7%
$1,110,029
Cap Rate 9%
$863,356
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
