Residential Income
For Sale
$99,800
39-1468 Grand Ave, San Leandro, CA 94577
2020-built residence with an open layout, dedicated bedroom, and updated kitchen and bath finishes.
Property Size325 SF
Price / SF$307.08
Days on Market134
Property Features for 39-1468 Grand Ave
General Information
Standard status
Active
Size
325 SF
Property subtype
Manufactured In Park
Listing Agency:
eXp Realty of California Inc.
(510) 846-4802
Listed By:
Carla C. Spaulding
(510) 846-4802
Source:
Exprealty
Added: Apr 3
Changed: Aug 11
Last Checked: Aug 13 at 9:33AM
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 eXp Realty of California Inc.
Investment Insights
Based on property information with market context.
Built in 2020, this residential income property offers a compact, functional layout centered on an open-concept living area with expansive windows and a ceiling fan. The kitchen includes white cabinetry, premium countertops, a full-size refrigerator, double-bowl sink, compact cook range, and microwave. A separate bedroom provides carpeting and closet space, while the main bathroom features a walk-in glass shower, contemporary fixtures, and an integrated vanity.
The property is positioned near I-580 and BART, with shopping centers, dining options, and local parks nearby. Its modern interior configuration and dedicated bedroom-and-bath arrangement provide a practical residential setup within the San Leandro area.
The property is positioned near I-580 and BART, with shopping centers, dining options, and local parks nearby. Its modern interior configuration and dedicated bedroom-and-bath arrangement provide a practical residential setup within the San Leandro area.
Key Highlights
- 2020‑built residence
- Open‑concept living area with expansive windows and ceiling fan
- Kitchen includes white cabinetry, premium countertops, full‑size refrigerator, and double‑bowl sink
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
$4,708
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
4.72%
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%
$94,160
$94.2K
Cap Rate 7%
$67,257
$67.3K
Cap Rate 9%
$52,311
$52.3K
Market Conditions
NOI Build-Up for 325 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
$9.1K $27.96/SF
− Vacancy
−$527 −$1.62/SF
EGI
$8.6K $26.34/SF
− OpEx
−$3.9K −$11.85/SF
NOI
$4.7K $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%
$94,160
Cap Rate 7%
$67,257
Cap Rate 9%
$52,311
Alternative Uses
Best Use
Apartment 5plus
$67.3K
$58.9K – $78.5K
NOI $4,708 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.48M
$1.30M – $1.73M
NOI $103,716 @ 7.0% cap · market cap 103.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 94577, CA
48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 2020-built residence with an open layout, dedicated bedroom, and updated kitchen and bath finishes.
Where is this residential income property located?
The property is located at 39-1468 Grand Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $99,800.
What are key features of this property?
This property features: 2020‑built residence; Open‑concept living area with expansive windows and ceiling fan; Kitchen includes white cabinetry, premium countertops, full‑size refrigerator, and double‑bowl sink
