Duplex With Private
405 Lewis Ave San Leandro, CA 94577
New
405 Lewis Ave, San Leandro, CA, 94577
$984,000
For Sale
$984,000
MULTI_FAMILY - San Leandro, CA
Property Size2,163 SF
Lot Size0.17 Acres
Price / SF$454.92
Days on Market2
Property Features for 405 Lewis Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 8
- Rooms
- Bedroom 4, Bathroom 5, Bedroom 1, Bathroom 4, Bathroom 8, Bathroom 3, Bathroom 6, Bathroom 7, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Parking features
- Open
- Exterior features
- Back Yard
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Gas Water Heater
- Standard status
- Active
- APN
- 7632610
- Size
- 2,163 SF
- Lot size
- 0.17 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1987
- Number of units
- 2
- Flooring type
- Laminate, Tile
- Building materials
- Stucco
- Roof type
- Tile
Listing Agency
RE/MAX Accord
(925) 847-8900
5980 Stoneridge Drive STE 122, Danville, CA
Listed by
Jeff Clyma · License #627099
(925) 918-3395
Added: Jul 17 Checked: Jul 18 at 3:06 am
MLS# 41142044
Listing URL
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 duplex, built in 1987, offers two separately improved units that have been steadily rented. Each unit includes its own one-car garage, an inside laundry area, and a private yard space. Interior features include a cozy fireplace and kitchen countertop finishes of granite or quartz. Recent improvements noted in the remarks include new furnaces installed with permits and additional updates, along with freshly painted interiors.
The property is located near downtown San Leandro, with stated access to shopping, dining, and transit.
Set on a lot of approximately 0.1668 acres, this is a straightforward residential income property opportunity in San Leandro.
The property is located near downtown San Leandro, with stated access to shopping, dining, and transit.
Set on a lot of approximately 0.1668 acres, this is a straightforward residential income property opportunity in San Leandro.
Key Highlights
- Duplex built in 1987 with steady rental history and recent unit improvements
- Each unit includes a 1‑car garage and its own yard area
- Both units have a cozy fireplace, inside laundry, and freshly painted interiors
Local 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 | $110.3k | $51.00 |
| − Vacancy | −$6.6k | −$3.05 |
| EGI | $103.7k | $47.95 |
| − OpEx | −$31.1k | −$14.39 |
| NOI | $72.6k | $33.57 |
2,163 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$907.5K – $1.21M
NOI $72,601 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$447.6K
$391.7K – $522.2K
NOI $31,333 @ 7.0% cap · market cap 3.18%
Theoretical Best
Retail
$9.86M
$8.63M – $11.50M
NOI $690,271 @ 7.0% cap · market cap 70.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Built in 1987, this duplex has two units with one-car garages, inside laundry, and recently improved systems.
Where is this duplex located?
The property is located at 405 Lewis Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $984,000.
What are key features of this property?
This property features: Duplex built in 1987 with steady rental history and recent unit improvements; Each unit includes a 1‑car garage and its own yard area; Both units have a cozy fireplace, inside laundry, and freshly painted interiors
