2485 Washington Ave, San Leandro, CA
15,641 SF condo unit with office and warehouse space.
- Added:
- Aug 28, 2025
- Days on Market:
- 295
- Last Refresh:
- May 20 at 8:21 pm
Property Features for 2485 Washington Ave
General Information
- Standard status
- Active
- Size
- 15,641 SF
- Lot size
- 1.89 Acres
- Property subtype
- INDUSTRIAL
Listing agent Wesley Dolan (626) 616-3502
Listing office Lee & Associates | Oakland (626) 616-3502
Listing date Aug 28, 2025
Source Moodyscre
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 Lee & Associates | Oakland
HighLights
- 15,641± SF Condo Unit
- Features 60% Office/High‑End Retail Space & 40% Warehouse
- Reduced Sale Price: $4,250,000
- Benefit from 18’ Clear Height
- IP (AU) Zoning
- Available For Occupancy within 60 Days
Overview
Local Financial Insights For Warehouse
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 | $300.3k | $19.20 |
| − Vacancy | −$19.5k | −$1.25 |
| EGI | $280.8k | $17.95 |
| − OpEx | −$42.1k | −$2.69 |
| NOI | $238.7k | $15.26 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Leandro
- County
- Alameda
- State
- California
- Longitude
- -122.149
- Latitude
- 37.7126
