Two-Building Quadplex with
New
For Sale
$2,248,000
3851 Vineyard Ave, Pleasanton, CA 94566
MULTI_FAMILY - Pleasanton, CA
Property Size4,350 SF
Lot Size0.20 Acres
Price / SF$516.78
Days on Market3
Property Features for 3851 Vineyard Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
9
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bathroom 7, Bedroom 5, Bathroom 6, Bedroom 7, Bathroom 4, Bedroom 9, Bedroom 8, Bedroom 2, Bathroom 2, Bathroom 8, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3
Parking features
Guest
Interior features
Updated Baths, Updated Kitchen
Fencing
Fenced
Appliances
Dryer, Washer
Subdivision
Downtown
Lot features
Premium Lot, Rectangular Lot
Directions
1st Street to Vineyard Ave
Standard status
Active
APN
948520
Size
4,350 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
Granite & Quartz Countertops
New Cabinetry
LVP Flooring
Stainless Steel Appliances
Quartz Tub/Shower Enclosures
Full-Size Washer, Dryers, and Refrigerators
Building Details
Year built
1945
Number of units
4
Flooring type
Engineered, Tile, Carpet
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Investment Real Estate
(925) 963-0569
Listed By:
Mike Carey · License #01055545
(925) 963-0569
Added: Jul 31
Changed: Aug 1
Last Checked: Aug 2 at 12:06AM
MLS# 41143527
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 four-unit quadplex features two separate buildings on a private, fully fenced and walled site. The front building includes three units (A, B, and D), and the rear building includes Unit C plus five individual single-car garages below. Each unit is equipped with a full-size washer and dryer, and refrigerators.
The property includes a total of five single-car garages and nine off-street parking spots, plus one guest parking space. Unit mix includes Unit A (3 bed, 2 bath, 1,700 SF), Unit B (2 bed, 1 bath, 800 SF), Unit C (3 bed, 2 bath, 1,500 SF), and Unit D (1 bed, 1 bath, 350 SF).
Recent upgrades and finishes include granite and quartz countertops, new cabinetry, LVP flooring in living, kitchen, and bath areas, and stainless steel appliances, along with quartz tub/shower enclosures. Additional features include updated kitchen and updated baths, forced air heating, and central air conditioning. Built in 1945, the property is served by public water and public sewer. The site totals 0.1994 acres, with a property size of 4,350 SF, located at 3851 Vineyard Ave in Pleasanton, CA 94566.
The property includes a total of five single-car garages and nine off-street parking spots, plus one guest parking space. Unit mix includes Unit A (3 bed, 2 bath, 1,700 SF), Unit B (2 bed, 1 bath, 800 SF), Unit C (3 bed, 2 bath, 1,500 SF), and Unit D (1 bed, 1 bath, 350 SF).
Recent upgrades and finishes include granite and quartz countertops, new cabinetry, LVP flooring in living, kitchen, and bath areas, and stainless steel appliances, along with quartz tub/shower enclosures. Additional features include updated kitchen and updated baths, forced air heating, and central air conditioning. Built in 1945, the property is served by public water and public sewer. The site totals 0.1994 acres, with a property size of 4,350 SF, located at 3851 Vineyard Ave in Pleasanton, CA 94566.
Key Highlights
- Four units across two buildings on a private, fully fenced and walled site
- Front building: Units A, B, and D; rear building: Unit C plus five single‑car garages below
- Five single‑car garages plus nine off‑street parking spaces and one guest parking space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $221.9k | $51.00 |
| − Vacancy | −$13.3k | −$3.05 |
| EGI | $208.6k | $47.95 |
| − OpEx | −$62.6k | −$14.39 |
| NOI | $146.0k | $33.57 |
4,350 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.09M
$1.83M – $2.43M
NOI $146,008 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$900.2K
$787.7K – $1.05M
NOI $63,014 @ 7.0% cap · market cap 2.80%
Theoretical Best
Retail
$19.83M
$17.35M – $23.14M
NOI $1,388,200 @ 7.0% cap · market cap 61.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 94566, CA
45,055
Population
16,698
Households
2.7
Avg Household Size
43
Median Age
67%
College-Educated
95%
High-School Grad
20.3 sq mi
ZIP Area
2,219
Density / Sq Mi
$187,721
Median Household Income
$104,642
Median Earnings
$2,639
Median Rent
$1,592,200
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?
Quadplex - Four-unit quadplex on a private, fully fenced and walled site, with five single-car garages and nine off-street parking spaces.
Where is this quadplex located?
The property is located at 3851 Vineyard Ave Pleasanton, CA.
What is the asking price?
The asking price for this property is $2,248,000.
What are key features of this property?
This property features: Four units across two buildings on a private, fully fenced and walled site; Front building: Units A, B, and D; rear building: Unit C plus five single‑car garages below; Five single‑car garages plus nine off‑street parking spaces and one guest parking space
