San Leandro Multifamily Investment
483 Joaquin Ave San Leandro, CA 94577
For Sale
$1,595,000
Five-unit property near Downtown San Leandro with recent improvements.
Property Size3,900 SF
Price / SF$408.97
Days on Market243
Property Features for 483 Joaquin Ave
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1964
Listing Agency:
THE PINZA GROUP, INC
(510) 725-4775
Listed By:
JAY FLORES · License #02037775
Source:
Corcoran
Added: Nov 22, 2025
Changed: Jul 6
Last Checked: Jul 23 at 7:33AM
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 THE PINZA GROUP, INC
Investment Insights
Based on property information with market context.
This five-unit multifamily property is located within walking distance of Downtown San Leandro. The property features a mix of three-bedroom, two-bedroom, and one-bedroom units. Recent exterior improvements include a new roof, asphalt, lighting, gutters, railing screens, and a new exterior facade and paint. Interior improvements include updated electrical panels in all units, new luxury flooring, updated lighting and ceiling fans, new blinds and appliances, and fresh interior paint. Onsite coin-operated laundry machines provide additional income. The property includes 1:1 closed parking with potential for ADU conversion. The property size is 3900 square feet.
Key Highlights
- Walking distance to Downtown San Leandro.
- Recent exterior improvements including new roof, asphalt, lighting, gutters, railing screens, exterior facade and paint.
- Recent interior improvements including updated electrical panels, new luxury flooring, updated lighting and ceiling fans, new blinds and appliances, and fresh interior paint.
Financial Insights For Apartment 5plus
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 | $109.0k | $27.96 |
| − Vacancy | −$6.3k | −$1.62 |
| EGI | $102.7k | $26.34 |
| − OpEx | −$46.2k | −$11.85 |
| NOI | $56.5k | $14.49 |
3,900 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$807.1K
$706.2K – $941.6K
NOI $56,496 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$17.78M
$15.56M – $20.74M
NOI $1,244,593 @ 7.0% cap · market cap 78.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit property near Downtown San Leandro with recent improvements.
Where is this apartment building located?
The property is located at 483 Joaquin Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Walking distance to Downtown San Leandro.; Recent exterior improvements including new roof, asphalt, lighting, gutters, railing screens, exterior facade and paint.; Recent interior improvements including updated electrical panels, new luxury flooring, updated lighting and ceiling fans, new blinds and appliances, and fresh interior paint.
