Well-Maintained Duplex Income
446 Dolores Ave San Leandro, CA 94577
For Sale
$1,388,000
Two separate units with individual meters, including a larger rear unit with yard access and a smaller front unit.
Property Size2,770 SF
Price / SF$501.08
Days on Market10
Property Features for 446 Dolores Ave
General Information
- Standard status
- Active
- Size
- 2,770 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1942
Listing Agency:
Bay Home Investments&Loans
(510) 520-9691
Listed By:
Wilson Ou · License #01911000
(510) 520-9691
Source:
Exitrealty
Added: Jul 14
Changed: Jul 20
Last Checked: Jul 22 at 9:56AM
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 Bay Home Investments&Loans
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two distinct residential units with separate utilities. Rear Unit #448 features 3 bedrooms and 2 bathrooms, with an estimated 1,800+ square feet, including a family/dining area and sliding doors that open to a low-maintenance yard. Front Unit #446 offers 2 bedrooms and 1 bathroom with an estimated 900+ square feet.
The property is located in a San Leandro neighborhood convenient to San Leandro Downtown, shopping, dining, and freeway 580.
Additional operating convenience comes from individual water, electric, and gas meters serving the units, supporting separate living arrangements.
The property is located in a San Leandro neighborhood convenient to San Leandro Downtown, shopping, dining, and freeway 580.
Additional operating convenience comes from individual water, electric, and gas meters serving the units, supporting separate living arrangements.
Key Highlights
- Duplex built in 1942 with two separate units: Front Unit #446 and Rear Unit #448.
- Rear Unit #448: 3 bed, 2 bath, approx. 1,800+ SF, with family/dining area and sliding doors to a low‑maintenance yard.
- Front Unit #446: 2 bed, 1 bath, approx. 900+ SF, suited for extended living or multi‑generational use.
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 | $141.3k | $51.00 |
| − Vacancy | −$8.4k | −$3.05 |
| EGI | $132.8k | $47.95 |
| − OpEx | −$39.8k | −$14.39 |
| NOI | $93.0k | $33.57 |
2,770 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $92,975 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$573.2K
$501.6K – $668.8K
NOI $40,126 @ 7.0% cap · market cap 2.89%
Theoretical Best
Retail
$12.63M
$11.05M – $14.73M
NOI $883,980 @ 7.0% cap · market cap 63.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate units with individual meters, including a larger rear unit with yard access and a smaller front unit.
Where is this duplex located?
The property is located at 446 Dolores Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Duplex built in 1942 with two separate units: Front Unit #446 and Rear Unit #448.; Rear Unit #448: 3 bed, 2 bath, approx. 1,800+ SF, with family/dining area and sliding doors to a low‑maintenance yard.; Front Unit #446: 2 bed, 1 bath, approx. 900+ SF, suited for extended living or multi‑generational use.
