Duplex with Upgraded
For Sale
$900,000
Pending
33721 12th Street, Union City, CA 94587
Two-unit property with one vacant residence, separate living arrangements, and in-unit laundry in the occupied unit.
Property Size1,845 SF
Days on Market377
Property Features for 33721 12th Street
General Information
Standard status
Pending
Size
1,845 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
in-unit washer & dryer
updated dual-pane windows
granite countertops
front yard pavers
low-maintenance backyard
Building Details
Year Built
1952
Buildings
1
Listing Agency:
Talent Real Estate
(916) 718-0097
Listed By:
Keveron L. Bryant · License #01851126
(916) 718-0097
Source:
Exitrealty
Added: Aug 21, 2025
Changed: Aug 31
Last Checked: Aug 31 at 4:42PM
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 Talent Real Estate
Investment Insights
Based on property information with market context.
This 1952 duplex contains two distinct residences totaling 1,845 square feet. The larger unit offers 3 bedrooms, 1 bathroom, 1,071 sqft, luxury vinyl plank flooring, in-unit washer and dryer, dual-pane windows, and a kitchen with granite countertops. The second unit is vacant and includes 1 bedroom, 1 bathroom, 774 sqft, an expansive living room, updated windows, and a kitchen with newer cabinets and granite countertops.
Exterior improvements include newly installed front-yard pavers, a long driveway providing ample parking, and a low-maintenance backyard with a small garden. The property is within walking distance of BART, shopping, and schools, with access to Silicon Valley and the East Bay via BART and I-880. Its location in the Tri-Cities supports convenient regional commuting.
Exterior improvements include newly installed front-yard pavers, a long driveway providing ample parking, and a low-maintenance backyard with a small garden. The property is within walking distance of BART, shopping, and schools, with access to Silicon Valley and the East Bay via BART and I-880. Its location in the Tri-Cities supports convenient regional commuting.
Key Highlights
- Two‑unit duplex totaling 1,845 square feet
- Unit 1: 3 bedrooms, 1 bathroom, and 1,071 sqft
- Unit 2: vacant 1‑bedroom, 1‑bathroom residence with 774 sqft
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
$61,928
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
6.88%
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%
$1,238,560
$1.2M
Cap Rate 7%
$884,686
$884.7K
Cap Rate 9%
$688,089
$688.1K
Market Conditions
NOI Build-Up for 1,845 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
$94.1K $51.00/SF
− Vacancy
−$5.6K −$3.05/SF
EGI
$88.5K $47.95/SF
− OpEx
−$26.5K −$14.39/SF
NOI
$61.9K $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%
$1,238,560
Cap Rate 7%
$884,686
Cap Rate 9%
$688,089
Alternative Uses
Best Use
Multifamily LT 5
$884.7K
$774.1K – $1.03M
NOI $61,928 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$381.8K
$334.1K – $445.5K
NOI $26,727 @ 7.0% cap · market cap 2.97%
Theoretical Best
Retail
$8.41M
$7.36M – $9.81M
NOI $588,788 @ 7.0% cap · market cap 65.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
772
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one vacant residence, separate living arrangements, and in-unit laundry in the occupied unit.
Where is this duplex located?
The property is located at 33721 12th Street Union City, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,845 square feet; Unit 1: 3 bedrooms, 1 bathroom, and 1,071 sqft; Unit 2: vacant 1‑bedroom, 1‑bathroom residence with 774 sqft
