Four-Unit Multifamily
For Sale
$1,550,000
411 Liberty Street, El Cerrito, CA 94530
Four two-bedroom residences include in-unit laundry, private storage, and covered carport parking.
Property Size3,020 SF
Lot Size0.13 Acres
Days on Market9
Property Features for 411 Liberty Street
General Information
Standard status
Active
Size
3,020 SF
Lot size
0.13 Acres
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
interior laundry
individual storage unit
covered carport parking
Building Details
Building Size
3,020 SF
Year Built
1959
Listing Agency:
Compass
(510) 517-0111
Listed By:
Michele Manzone · License #01028002
(510) 517-0111
Source:
Annnewtoncane
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 4:50PM
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 Compass
Investment Insights
Based on property information with market context.
This quadplex contains four residences, each configured with two bedrooms and one bathroom and measuring approximately 755 square feet. Every unit includes interior laundry, an individual storage area, and dedicated covered carport parking. The property was built in 1959 and has received improvements including new windows, a new roof, and an upgraded electrical panel. The approximately 5,750-square-foot lot also benefits from tenants paying their own water service.
The property is located at 411 Liberty Street in El Cerrito, near El Cerrito Plaza and the El Cerrito Plaza BART station. Shopping, dining, cafes, grocery service, and neighborhood conveniences are located nearby. Access to I-80 connects the property with Berkeley, Oakland, San Francisco, and other Bay Area destinations.
The property is located at 411 Liberty Street in El Cerrito, near El Cerrito Plaza and the El Cerrito Plaza BART station. Shopping, dining, cafes, grocery service, and neighborhood conveniences are located nearby. Access to I-80 connects the property with Berkeley, Oakland, San Francisco, and other Bay Area destinations.
Key Highlights
- Four 2‑bedroom, 1‑bath residences, each approximately 755 square feet
- Approximately 5,750‑square‑foot lot at 411 Liberty Street, El Cerrito, CA 94530
- Each residence includes interior laundry, individual storage, and dedicated covered carport parking
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
$51,705
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
3.34%
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%
$1,034,100
$1.0M
Cap Rate 7%
$738,643
$738.6K
Cap Rate 9%
$574,500
$574.5K
Market Conditions
NOI Build-Up for 3,020 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
$77.9K $25.80/SF
− Vacancy
−$4.1K −$1.34/SF
EGI
$73.9K $24.46/SF
− OpEx
−$22.2K −$7.34/SF
NOI
$51.7K $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%
$1,034,100
Cap Rate 7%
$738,643
Cap Rate 9%
$574,500
Alternative Uses
Best Use
Multifamily LT 5
$738.6K
$646.3K – $861.8K
NOI $51,705 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$685.8K
$600.1K – $800.1K
NOI $48,007 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.14M
$998.9K – $1.33M
NOI $79,909 @ 7.0% cap · market cap 5.16%
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
1,643
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 two-bedroom residences include in-unit laundry, private storage, and covered carport parking.
Where is this quadplex located?
The property is located at 411 Liberty Street El Cerrito, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath residences, each approximately 755 square feet; Approximately 5,750‑square‑foot lot at 411 Liberty Street, El Cerrito, CA 94530; Each residence includes interior laundry, individual storage, and dedicated covered carport parking
