Duplex With Garage
For Sale
$669,995
2217 Leland Ct, Pittsburg, CA 94565
Two residential units offer distinct layouts, private exterior areas, and access to transit, schools, shopping, dining, and parks.
Property Size2,052 SF
Days on Market26
Property Features for 2217 Leland Ct
General Information
Standard status
Active
Size
2,052 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
garage parking
private outdoor space
Building Details
Building Size
2,052 SF
Year Built
1980
Listing Agency:
Better Homes/Jeff Mann&Assoc.
(925) 963-9491
Listed By:
Gabriel Montoya
(925) 963-9491
Source:
Brucebaldwin
Added: Jul 20
Changed: Aug 12
Last Checked: Aug 13 at 1:58PM
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 Better Homes/Jeff Mann&Assoc.
Investment Insights
Based on property information with market context.
Built in 1980, this duplex includes two separate residential units with practical floor plans and private outdoor areas. Unit 1 contains 2 bedrooms and 1 bathroom, while Unit 2 provides 3 bedrooms and 2 bathrooms. Garage parking adds on-site convenience for both units.
The property is located in Pittsburg near BART, Highway 4, schools, shopping, restaurants, and parks. Its two-unit configuration supports a range of ownership and rental arrangements, subject to applicable requirements.
The property is located in Pittsburg near BART, Highway 4, schools, shopping, restaurants, and parks. Its two-unit configuration supports a range of ownership and rental arrangements, subject to applicable requirements.
Key Highlights
- Two‑unit duplex configuration at 2217/2219 Leland Ct
- Unit 1 includes 2 bedrooms and 1 bathroom
- Unit 2 includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,640
$702.6K
Cap Rate 7%
$501,886
$501.9K
Cap Rate 9%
$390,356
$390.4K
Market Conditions
NOI Build-Up for 2,052 SF
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.
Gross rent
$52.9K $25.80/SF
− Vacancy
−$2.8K −$1.34/SF
EGI
$50.2K $24.46/SF
− OpEx
−$15.1K −$7.34/SF
NOI
$35.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,640
Cap Rate 7%
$501,886
Cap Rate 9%
$390,356
Alternative Uses
Best Use
Multifamily LT 5
$501.9K
$439.2K – $585.5K
NOI $35,132 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$466.0K
$407.8K – $543.7K
NOI $32,620 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$775.7K
$678.7K – $904.9K
NOI $54,296 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 94565, CA
100,341
Population
31,173
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
45.3 sq mi
ZIP Area
2,215
Density / Sq Mi
$95,035
Median Household Income
$44,149
Median Earnings
$2,145
Median Rent
$563,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, private exterior areas, and access to transit, schools, shopping, dining, and parks.
Where is this duplex located?
The property is located at 2217 Leland Ct Pittsburg, CA.
What is the asking price?
The asking price for this property is $669,995.
What are key features of this property?
This property features: Two‑unit duplex configuration at 2217/2219 Leland Ct; Unit 1 includes 2 bedrooms and 1 bathroom; Unit 2 includes 3 bedrooms and 2 bathrooms
