2-Unit Residential
New
For Sale
$1,248,888
33454 7Th St, Union City, CA 94587
Residential Income, Union City, CA
Property Size2,342 SF
Lot Size0.11 Acres
Price / SF$533.26
Days on Market3
Property Features for 33454 7Th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
11
Full bathrooms
11
Rooms
Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 4, Bathroom 9, Bathroom 10, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 11, Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 8, Bathroom 1
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
Laminate, Tile
Building materials
Stucco
Roof type
Composition
Listing Agency:
Alliance Bay Realty
(510) 742-6600
Listed By:
Vishal Sharma
(650) 296-2494
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 2 at 1:06PM
MLS# 41149825
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.
Built in 1991, this two-unit residential property contains 2,342 square feet. Each residence offers approximately 1,171 square feet, with three bedrooms, two bathrooms, and an attached one-car garage. Stucco exterior construction, laminate and tile flooring, forced-air heating, and front and back yards are among the property’s features.
The property is within walking distance of BART. Public water and public sewer serve the site.
The property is within walking distance of BART. Public water and public sewer serve the site.
Key Highlights
- Two residences, each with approximately 1,171 square feet
- Each unit has 3 bedrooms, 2 bathrooms, and an attached 1‑car garage
- 2,342‑square‑foot building on a 0.1148‑acre lot
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
6.29%
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
NOI $78,610 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$484.7K
$424.1K – $565.4K
NOI $33,926 @ 7.0% cap · market cap 2.72%
Theoretical Best
Retail
$10.68M
$9.34M – $12.46M
NOI $747,394 @ 7.0% cap · market cap 59.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Each home includes three bedrooms, two bathrooms, and an attached garage.
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 $1,248,888.
What are key features of this property?
This property features: Two residences, each with approximately 1,171 square feet; Each unit has 3 bedrooms, 2 bathrooms, and an attached 1‑car garage; 2,342‑square‑foot building on a 0.1148‑acre lot
