Well-Maintained Triplex in Desirable
756 Victoria Ave San Leandro, CA 94577
For Sale
$1,098,000
Pending
Triplex with updated features, ideal for investors or owner-occupiers.
Property Size2,400 SF
Lot Size0.15 Acres
Days on Market95
Property Features for 756 Victoria Ave
General Information
Standard status
Pending
Size
2,400 SF
Lot size
0.15 Acres
Property subtype
Investment
Building Details
Year Built
1925
Listing Agency:
(650) 229-9447
Listed By:
Cindy Yang
(650) 229-9447
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 11:59AM
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 Cindy Yang
Investment Insights
Based on property information with market context.
This well-maintained triplex is located in a predominantly single-family home neighborhood. The property consists of three units: one unit with 3 bedrooms and 1 bathroom, and two units with 1 bedroom and 1 bathroom. The building offers approximately 2,400 sq ft of living space on a 6,428 sq ft lot. All units are in move-in ready condition. The property has been well maintained, featuring a newer roof, newer gutters, and full exterior paint completed in 2024. A new heating system is scheduled for installation in 2026, which may reduce near-term maintenance needs. The 3-bedroom unit is currently vacant and undergoing improvements, offering flexibility for owner-occupancy or rental at market rates. The two 1-bedroom units are occupied by well-qualified, reliable tenants. The property is conveniently located with easy access to Highway 580, as well as nearby shopping, dining, and other amenities. This triplex is suitable for both investors and owner-users seeking a balanced opportunity in a desirable setting. The location has a walk score of 58, indicating it is somewhat walkable, a bike score of 36, indicating it is somewhat bikeable, and a transit score of 47, indicating some transit options are available.
Key Highlights
- Triplex in a predominantly single‑family home neighborhood.
- Move‑in ready condition with newer roof, gutters, exterior paint (2024), and new heating system (2026).
- One vacant 3‑bedroom unit, ideal for owner‑occupancy or market‑rate rental.
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 | $122.4k | $51.00 |
| − Vacancy | −$7.3k | −$3.05 |
| EGI | $115.1k | $47.95 |
| − OpEx | −$34.5k | −$14.39 |
| NOI | $80.6k | $33.57 |
2,400 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,556 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$496.7K
$434.6K – $579.5K
NOI $34,767 @ 7.0% cap · market cap 3.17%
Theoretical Best
Retail
$10.94M
$9.57M – $12.77M
NOI $765,904 @ 7.0% cap · market cap 69.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with updated features, ideal for investors or owner-occupiers.
Where is this triplex located?
The property is located at 756 Victoria Ave San Leandro, CA.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: Triplex in a predominantly single‑family home neighborhood.; Move‑in ready condition with newer roof, gutters, exterior paint (2024), and new heating system (2026).; **One vacant 3‑bedroom unit, ideal for owner‑occupancy or market‑rate rental.**
