Two-Unit Duplex with Detached Rear
2342 Palm Ave, Livermore, CA 94550
For Sale
$1,149,000
The separate rear residence includes a one-bedroom layout and an attached oversized two-car garage.
Property Size1,290 SF
Price / SF$890.70
Days on Market25
Property Features for 2342 Palm Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
attached garage
secured gate
landscaped yards
private yards
Storage
Shower Stall(s)
Tub w/Shower Over
Back Yard
Dog Run
Front Yard
Sprinklers Front
Entry Gate
Landscape Back
Landscape Front
Manual Sprinkler Rear
Garden
Greenbelt
Lawn Sprinkler
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Kilkenny-Locke RE Srvcs
(925) 371-1304
Listed By:
Kenneth Lewis
(925) 366-8663
Source:
Alderrealestate
Added: Oct 14
Changed: Nov 2
Last Checked: Nov 7 at 1:58AM
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 Kilkenny-Locke RE Srvcs
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Investment Insights
Based on property information with market context.
The property comprises two homes: a main residence with two bedrooms and one bathroom, plus a detached rear unit with one bedroom and one bathroom. The rear home has an attached oversized two-car garage. Interior updates include fresh paint, refinished original hardwood floors, and new tile in the kitchen and bathrooms. The property dates to 1951 and has a reported size of 1,290.
A 100-foot concrete driveway leads through a secured gate. The rear unit also has a gravel side yard that can accommodate boat or vehicle access. Landscaped, private yards serve the property, and the garage can be assigned to either home or shared between them.
A 100-foot concrete driveway leads through a secured gate. The rear unit also has a gravel side yard that can accommodate boat or vehicle access. Landscaped, private yards serve the property, and the garage can be assigned to either home or shared between them.
Key Highlights
- Two residences: a 2‑bedroom, 1‑bath main home and a detached 1‑bedroom, 1‑bath rear unit
- Rear residence has an attached oversized 2‑car garage
- 100‑foot concrete driveway with a secured gate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,299
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,980
$866.0K
Cap Rate 7%
$618,557
$618.6K
Cap Rate 9%
$481,100
$481.1K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$65.8K $51.00/SF
− Vacancy
−$3.9K −$3.05/SF
EGI
$61.9K $47.95/SF
− OpEx
−$18.6K −$14.39/SF
NOI
$43.3K $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%
$865,980
Cap Rate 7%
$618,557
Cap Rate 9%
$481,100
Alternative Uses
Best Use
Multifamily LT 5
$618.6K
$541.2K – $721.7K
NOI $43,299 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$267.0K
$233.6K – $311.5K
NOI $18,687 @ 7.0% cap · market cap 1.63%
Theoretical Best
Retail
$5.88M
$5.15M – $6.86M
NOI $411,673 @ 7.0% cap · market cap 35.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
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Business Placement
Demographics for 94550, CA
49,959
Population
18,390
Households
2.7
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
272.0 sq mi
ZIP Area
184
Density / Sq Mi
$177,218
Median Household Income
$88,646
Median Earnings
$2,681
Median Rent
$1,146,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Alameda County, CA
Properties on Market for Duplexes in Alameda County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The separate rear residence includes a one-bedroom layout and an attached oversized two-car garage.
Where is this duplex located?
The property is located at 2342 Palm Ave Livermore, CA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Two residences: a 2‑bedroom, 1‑bath main home and a detached 1‑bedroom, 1‑bath rear unit; Rear residence has an attached oversized 2‑car garage; 100‑foot concrete driveway with a secured gate
