San Leandro Multifamily Investment
For Sale
$1,595,000
483 Joaquin Ave, San Leandro, CA 94577
Five-unit property near Downtown San Leandro with recent improvements.
Property Size3,900 SF
Price / SF$408.97
Days on Market340
Property Features for 483 Joaquin Ave
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Commercial
Site & Location
Neighborhood
Northeast San Leandro
Amenities
Other
Building Details
Year Built
1964
Listing Agency:
THE PINZA GROUP, INC
(510) 725-4775
Listed By:
JAY FLORES · License #02037775
(925) 290-7044
Source:
Corcoran
Added: Nov 22, 2025
Changed: Oct 26
Last Checked: Oct 26 at 4:10PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$56,496
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,920
$1.1M
Cap Rate 7%
$807,086
$807.1K
Cap Rate 9%
$627,733
$627.7K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$109.0K $27.96/SF
− Vacancy
−$6.3K −$1.62/SF
EGI
$102.7K $26.34/SF
− OpEx
−$46.2K −$11.85/SF
NOI
$56.5K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,920
Cap Rate 7%
$807,086
Cap Rate 9%
$627,733
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 94577, CA
48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
