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Duplex with Attached Garages
New
For Sale
$1,288,888

33454 7Th St, Union City, CA 94587

Residential Income, Union City, CA

Property Size2,342 SF
Lot Size0.11 Acres
Price / SF$550.34
Days on Market2

Property Features for 33454 7Th St

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Bathrooms 11
Full bathrooms 11
Rooms Bathroom 8, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 6, Bathroom 11, Bathroom 7, Bathroom 10, Bathroom 9, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 6
Parking features Garage
Exterior features Back Yard, Front Yard
Subdivision Decoto
Lot features Rectangular Lot
Directions Decoto to 12th
Standard status Active
APN 4861210
Size 2,342 SF
Lot size 0.11 Acres

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1991
Number of units 2
Flooring type Tile, Laminate
Building materials Stucco
Roof type Composition
Listing Agency: Alliance Bay Realty
Listed By: Vandanjit Kaur · License #02165108
Added: Sep 2 Last Checked: Sep 3 at 3:06AM
MLS# 41147018

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.

Investment Insights

Based on property information with market context.

This Union City duplex contains two residential units totaling 2,342 square feet. Each unit is approximately 1,171 square feet with three bedrooms, two bathrooms, and an attached one-car garage. The property was built in 1991 and features stucco construction, tile and laminate flooring, forced-air heating, a composition roof, and front and back yards. Public water and public sewer serve the property.

Located in Union City, the duplex is within walking distance of BART and near schools, parks, trails, shopping, and dining. The surrounding employment base includes Tesla, Meta, Amazon, Google, Lucid, and other Silicon Valley technology companies. The property occupies a 0.1148-acre lot at 33454 7th St.

Key Highlights

  • Two‑unit duplex totaling 2,342 square feet
  • Each unit is approximately 1,171 square feet with 3 bedrooms and 2 bathrooms
  • Attached 1‑car garage for each unit

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
$78,610
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
6.10%
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%
$1,572,200 $1.6M
Cap Rate 7%
$1,123,000 $1.1M
Cap Rate 9%
$873,444 $873.4K
Market Conditions
NOI Build-Up for 2,342 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
$119.4K $51.00/SF
− Vacancy
−$7.1K −$3.05/SF
EGI
$112.3K $47.95/SF
− OpEx
−$33.7K −$14.39/SF
NOI
$78.6K $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 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%
$1,572,200
Cap Rate 7%
$1,123,000
Cap Rate 9%
$873,444

Alternative Uses

Best Use
Multifamily LT 5
$1.12M
$982.6K – $1.31M (±1% cap)
NOI $78,610 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$484.7K
$424.1K – $565.4K (±1% cap)
NOI $33,926 @ 7.0% cap · market cap 2.63%
Theoretical Best
Retail
$10.68M
$9.34M – $12.46M (±1% cap)
NOI $747,394 @ 7.0% cap · market cap 57.99%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Computer & Electronic Repair Furniture & Home Goods Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

371
Businesses Nearby

Demographics for 94587, CA

70,121
Population
21,923
Households
3.2
Avg Household Size
40
Median Age
45%
College-Educated
87%
High-School Grad
19.6 sq mi
ZIP Area
3,578
Density / Sq Mi
$137,194
Median Household Income
$66,405
Median Earnings
$2,713
Median Rent
$1,058,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer three-bedroom layouts, private garages, and access to BART, shopping, dining, and area employers.
Where is this duplex located?
The property is located at 33454 7Th St Union City, CA.
What is the asking price?
The asking price for this property is $1,288,888.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,342 square feet; Each unit is approximately 1,171 square feet with 3 bedrooms and 2 bathrooms; Attached 1‑car garage for each unit
More about this property
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