4-Unit Quadplex with
For Sale
$1,728,000
3425 Carlson Blvd, El Cerrito, CA 94530
Four residential units offer varied layouts, private decks, and garage parking near transit and major highways.
Property Size3,504 SF
Price / SF$493.15
Days on Market74
Property Features for 3425 Carlson Blvd
General Information
Standard status
Active
Size
3,504 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
4
Amenities
private decks
Building Details
Year Built
1975
Listing Agency:
Coldwell Banker Realty
(510) 367-5954
Listed By:
Moe Aliakbar · License #01836628
(510) 367-5954
Source:
Exitrealty
Added: Jun 18
Changed: Aug 29
Last Checked: Aug 29 at 2:10PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located at 3425 Carlson Blvd in El Cerrito, this 3,504-square-foot quadplex was built in 1975 and contains four residential units. The property includes one two-bedroom, one-bathroom residence with an attached two-car garage, along with three one-bedroom, one-bathroom units. The one-bedroom residences feature eat-in kitchens, private decks, and enclosed garages.
The property is near El Cerrito Plaza, BART, and Highways 80 and 580, with additional access to the retail and dining offerings along Solano Avenue. Its unit mix, outdoor areas, and garage accommodations provide a range of residential configurations within an established East Bay setting.
The property is near El Cerrito Plaza, BART, and Highways 80 and 580, with additional access to the retail and dining offerings along Solano Avenue. Its unit mix, outdoor areas, and garage accommodations provide a range of residential configurations within an established East Bay setting.
Key Highlights
- Four‑unit property totaling 3,504 square feet
- Unit mix includes one 2‑bedroom, 1‑bathroom unit and three 1‑bedroom, 1‑bathroom units
- One residence includes an attached two‑car garage
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
$59,992
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
3.47%
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%
$1,199,840
$1.2M
Cap Rate 7%
$857,029
$857.0K
Cap Rate 9%
$666,578
$666.6K
Market Conditions
NOI Build-Up for 3,504 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
$90.4K $25.80/SF
− Vacancy
−$4.7K −$1.34/SF
EGI
$85.7K $24.46/SF
− OpEx
−$25.7K −$7.34/SF
NOI
$60.0K $17.12/SF
Area
Contra Costa County, CA
Vacancy
5.20%
Lease Rate
$25.80 /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%
$1,199,840
Cap Rate 7%
$857,029
Cap Rate 9%
$666,578
Alternative Uses
Best Use
Multifamily LT 5
$857.0K
$749.9K – $999.9K
NOI $59,992 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$795.7K
$696.3K – $928.4K
NOI $55,701 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,716 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,608
Businesses Nearby
Explore this area
Business Placement
Demographics for 94530, CA
26,360
Population
11,404
Households
2.3
Avg Household Size
43
Median Age
66%
College-Educated
96%
High-School Grad
4.3 sq mi
ZIP Area
6,130
Density / Sq Mi
$127,731
Median Household Income
$66,739
Median Earnings
$2,434
Median Rent
$1,097,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer varied layouts, private decks, and garage parking near transit and major highways.
Where is this quadplex located?
The property is located at 3425 Carlson Blvd El Cerrito, CA.
What is the asking price?
The asking price for this property is $1,728,000.
What are key features of this property?
This property features: Four‑unit property totaling 3,504 square feet; Unit mix includes one 2‑bedroom, 1‑bathroom unit and three 1‑bedroom, 1‑bathroom units; One residence includes an attached two‑car garage
