Five-Unit Apartment
For Sale
$1,950,000
3670 Silver Oaks Way, Livermore, CA 94550
Commercial Sale, Livermore, CA
Property Size4,225 SF
Lot Size0.30 Acres
Price / SF$461.54
Days on Market29
Property Features for 3670 Silver Oaks Way
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 3, Bedroom 6, Bathroom 5, Bathroom 7, Bathroom 1, Bedroom 8, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 6, Bathroom 8, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3
Parking features
Offsite, Parking Lot, Covered
Window features
Double Pane Windows
Appliances
Dryer, Washer
Lot features
Level, Landscaped
Directions
Use GPS.
Subdivision
Listing
Standard status
Active
APN
98A41730
Size
4,225 SF
Lot size
0.30 Acres
Taxes and HOA fees
HOA Fee
$1,114 Annually
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
in-unit laundry
private outdoor space
resident parking
Building Details
Year built
1988
Number of units
5
Flooring type
Laminate, Tile, Vinyl, Carpet
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
HomeSmart Optima Realty, Inc · HomeSmart International
(925) 270-0520
Listed By:
Jeremiah Botros · License #02143043
(925) 390-8768
Added: Jul 24
Changed: Aug 19
Last Checked: Aug 21 at 9:06PM
MLS# 41142823
Copyright © 2026 Contra Costa Association of REALTORS®. 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 1988 apartment property contains five nearly matching two-bedroom, two-bath residences totaling 4,225 square feet. Each unit measures approximately 851 square feet and includes washer and dryer appliances, while the property offers a consistent layout across the building. Flooring includes vinyl, tile, laminate, and carpet, with electric baseboard heating and window or wall/window cooling. The building has wood siding, a composition roof, and public water service.
The 0.30-acre property is located at 3670 Silver Oaks Way in Livermore, California. Downtown Livermore, I-580, ACE rail, Tri-Valley employment centers, dining, retail, and recreation are identified nearby or accessible from the property. Parking features include a lot, covered parking, and offsite parking.
The 0.30-acre property is located at 3670 Silver Oaks Way in Livermore, California. Downtown Livermore, I-580, ACE rail, Tri-Valley employment centers, dining, retail, and recreation are identified nearby or accessible from the property. Parking features include a lot, covered parking, and offsite parking.
Key Highlights
- Five apartment units with matching two‑bedroom, two‑bath layouts
- 4,225 square feet across a 0.30‑acre property
- Each residence is approximately 851 SF
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
$61,204
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
3.14%
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%
$1,224,080
$1.2M
Cap Rate 7%
$874,343
$874.3K
Cap Rate 9%
$680,044
$680.0K
Market Conditions
NOI Build-Up for 4,225 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
$118.1K $27.96/SF
− Vacancy
−$6.9K −$1.62/SF
EGI
$111.3K $26.34/SF
− OpEx
−$50.1K −$11.85/SF
NOI
$61.2K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
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%
$1,224,080
Cap Rate 7%
$874,343
Cap Rate 9%
$680,044
Alternative Uses
Best Use
Apartment 5plus
$874.3K
$765.1K – $1.02M
NOI $61,204 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$19.26M
$16.85M – $22.47M
NOI $1,348,309 @ 7.0% cap · market cap 69.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 94550, CA
49,959
Population
18,390
Households
2.7
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
272.0 sq mi
ZIP Area
184
Density / Sq Mi
$177,218
Median Household Income
$88,646
Median Earnings
$2,681
Median Rent
$1,146,700
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?
Apartment building - Fully occupied multifamily property with two-bedroom layouts, private outdoor areas, resident parking, and in-unit laundry.
Where is this apartment building located?
The property is located at 3670 Silver Oaks Way Livermore, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Five apartment units with matching two‑bedroom, two‑bath layouts; 4,225 square feet across a 0.30‑acre property; Each residence is approximately 851 SF
