Four-Unit Quadplex with Covered
New
For Sale
$1,550,000
411 Liberty Street, El Cerrito, CA 94530
Residential Income, El Cerrito, CA
Property Size3,020 SF
Lot Size0.13 Acres
Price / SF$513.25
Days on Market2
Property Features for 411 Liberty Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 3
Parking features
Carport
Interior features
Storage
Exterior features
Storage Area
Subdivision
Central To Lexin
Lot features
Level
Elementary school district
West Contra Costa (510) -231-1100
High school district
West Contra Costa (510) -231-1100
Directions
Property is Up Fairmount Ave left onto Liberty. Between Fairmount and Central Ave.
Standard status
Active
APN
5041400101
Size
3,020 SF
Lot size
0.13 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Private
Amenities
interior laundry
individual storage unit
Building Details
Year built
1959
Number of units
4
Building materials
Composition Shingles, Stucco
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Compass
(415) 660-9955
Listed By:
Michele Manzone · License #01028002
(510) 517-0111
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 4:06PM
MLS# 41145820
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.
Located at 411 Liberty Street, this 1959 quadplex contains four two-bedroom, one-bath residences totaling 3,020 square feet. Each approximately 755-square-foot unit includes interior laundry and an individual storage area, while covered carport spaces serve the property. The building sits on an approximately 0.132-acre lot and features stucco construction, composition roofing, wall-furnace heating, public sewer service, and private water service.
Recent improvements include new windows, a new roof, and an upgraded electrical panel. Residents are near El Cerrito Plaza, the El Cerrito Plaza BART station, shopping, dining, neighborhood services, and cafes. I-80 provides regional access to Berkeley, Oakland, San Francisco, and other Bay Area destinations. Tenants pay their own water, and the property also offers dedicated storage for each residence.
Recent improvements include new windows, a new roof, and an upgraded electrical panel. Residents are near El Cerrito Plaza, the El Cerrito Plaza BART station, shopping, dining, neighborhood services, and cafes. I-80 provides regional access to Berkeley, Oakland, San Francisco, and other Bay Area destinations. Tenants pay their own water, and the property also offers dedicated storage for each residence.
Key Highlights
- Four 2‑bedroom, 1‑bath residences totaling 3,020 square feet
- Each unit measures approximately 755 square feet
- Interior laundry, individual storage, and covered carport parking for each residence
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include private laundry, storage, and dedicated 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 totaling 3,020 square feet; Each unit measures approximately 755 square feet; Interior laundry, individual storage, and covered carport parking for each residence
