Duplex with Enclosed
New
For Sale
$949,000
261 Western Ave, Livermore, CA 94551
Residential Income, Livermore, CA
Property Size1,698 SF
Lot Size0.17 Acres
Price / SF$558.89
Days on Market2
Property Features for 261 Western Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 5, Bedroom 1, Bathroom 7, Bathroom 4, Bathroom 2, Bathroom 6, Bathroom 3, Bedroom 2
Parking features
Covered, Off Street, On Street, Parking Lot
Interior features
Tub w/Shower Over
Exterior features
Side Yard, Storage
Fencing
Fenced
Appliances
Dryer, Washer
Subdivision
Alameda
Lot features
Corner Lot, Back Yard, Landscaped
Elementary school district
Livermore Valley (925) 606-3200
High school district
Livermore Valley (925) 606-3200
Directions
Left on N P St onto Olovina. Property is on corner of Olivina & Western Ave
Standard status
Active
APN
9829220
Size
1,698 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
garage
electric vehicle charger
washer and dryer
enclosed patio
wraparound yard
low-maintenance landscaping
Building Details
Year built
1952
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Composition
Additional Structures
Storage
Listing Agency:
EXP Realty of California, Inc
(888) 584-9427
Listed By:
Alexander Skowron
(805) 701-5331
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 22 at 5:06AM
MLS# 41151849
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 1,698-square-foot duplex, built in 1952, sits on a 0.1723-acre lot in Livermore. The two units have separate utility meters. Unit 263 has an updated kitchen and bathrooms, and the property includes new appliances, a washer, and a dryer. Outdoor spaces include a wraparound yard at 261 and a large enclosed patio at 263. The former carport has been enclosed as a garage, with wiring in place for an electric vehicle charger.
Recent property work includes exterior paint, a roof, attic insulation, a water heater, central air conditioning, and a water main. The property is near downtown Livermore, public transportation, and Trader Joe’s.
Recent property work includes exterior paint, a roof, attic insulation, a water heater, central air conditioning, and a water main. The property is near downtown Livermore, public transportation, and Trader Joe’s.
Key Highlights
- Two‑unit property with separate utility meters
- 1,698 square feet on a 0.1723‑acre lot
- Unit 263 has a remodeled kitchen and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,994
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,880
$1.1M
Cap Rate 7%
$814,200
$814.2K
Cap Rate 9%
$633,267
$633.3K
Market Conditions
NOI Build-Up for 1,698 SF
Gross rent
$86.6K $51.00/SF
− Vacancy
−$5.2K −$3.05/SF
EGI
$81.4K $47.95/SF
− OpEx
−$24.4K −$14.39/SF
NOI
$57.0K $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%
$1,139,880
Cap Rate 7%
$814,200
Cap Rate 9%
$633,267
Alternative Uses
Best Use
Multifamily LT 5
$814.2K
$712.4K – $949.9K
NOI $56,994 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$351.4K
$307.5K – $410.0K
NOI $24,597 @ 7.0% cap · market cap 2.59%
Theoretical Best
Retail
$7.74M
$6.77M – $9.03M
NOI $541,877 @ 7.0% cap · market cap 57.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
Explore this area
Business Placement
Demographics for 94551, CA
40,358
Population
14,475
Households
2.8
Avg Household Size
38
Median Age
44%
College-Educated
92%
High-School Grad
82.7 sq mi
ZIP Area
488
Density / Sq Mi
$130,705
Median Household Income
$67,591
Median Earnings
$2,589
Median Rent
$931,000
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 - Both residences have private outdoor areas, with a wraparound yard at 261 Western Ave and an enclosed patio at 263.
Where is this duplex located?
The property is located at 261 Western Ave Livermore, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two‑unit property with separate utility meters; 1,698 square feet on a 0.1723‑acre lot; Unit 263 has a remodeled kitchen and bathrooms
