2-Unit Duplex with Detached
For Sale
$1,149,000
2342 Palm Ave, Livermore, CA 94550
Residential Income, Livermore, CA
Property Size1,290 SF
Lot Size0.14 Acres
Price / SF$890.70
Days on Market17
Property Features for 2342 Palm Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Parking features
Off Street, RV, Garage, Boat, Parking Lot, Open
Window features
Window Coverings, Double Pane Windows
Interior features
Storage, Shower Stall(s), Tub w/Shower Over
Exterior features
Back Yard, Dog Run, Front Yard, Sprinklers Front, Entry Gate, Landscape Back, Landscape Front, Manual Sprinkler Rear, Garden, Greenbelt, Lawn Sprinkler
Fencing
Gate, Fenced
Fireplace
1
Appliances
Gas Water Heater
Subdivision
South Livermore
Lot features
2 Houses / 1 Lot, Level, Back Yard, Sprinklers In Rear
Directions
College-South J-Palm
Standard status
Active
APN
976610
Size
1,290 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1951
Number of units
2
Flooring type
Hardwood, Tile, Carpet
Building materials
Composition Shingles, Concrete, Stucco, Siding - Stucco
Roof type
Composition
Additional Structures
Kennel/Dog Run, Storage
Buildings
2
Listing Agency:
Kilkenny-Locke RE Srvcs
(925) 371-1304
Listed By:
Kenneth Lewis
(925) 366-8663
Added: Oct 14
Changed: Oct 29
Last Checked: Oct 30 at 2:06PM
MLS# 41151188
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex property includes a main residence with 2 bedrooms and 1 bathroom, plus a detached rear residence with 1 bedroom and 1 bathroom. The detached unit has an attached oversized 2-car garage. Interior updates include fresh paint, refinished original hardwood flooring, and new tile in the kitchens and bathrooms. The property measures 1,290 square feet on a 0.1377-acre lot.
A 100-foot concrete driveway leads through a secured gate. The yards are landscaped, and the rear residence has gravel side-yard access for a boat or vehicle. Public water and sewer serve the property.
A 100-foot concrete driveway leads through a secured gate. The yards are landscaped, and the rear residence has gravel side-yard access for a boat or vehicle. Public water and sewer serve the property.
Key Highlights
- Two residences: main home has 2 bedrooms and 1 bathroom; detached rear home has 1 bedroom and 1 bathroom
- 1,290‑square‑foot property on a 0.1377‑acre lot
- Detached residence includes an attached oversized 2‑car garage
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer separate layouts, with a gated driveway and landscaped outdoor areas.
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: main home has 2 bedrooms and 1 bathroom; detached rear home has 1 bedroom and 1 bathroom; 1,290‑square‑foot property on a 0.1377‑acre lot; Detached residence includes an attached oversized 2‑car garage
