Duplex with Detached
823 Central Avenue Hollister, CA 95023
For Sale
$799,999
Pending
Clean, well-kept duplex offers a 2-bedroom/1-bath unit and a 3-bedroom/1-bath unit with detached two-car garage.
Property Size1,440 SF
Days on Market71
Property Features for 823 Central Avenue
General Information
- Standard status
- Pending
- Size
- 1,440 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1953
Listing Agency:
Berkshire Hathaway HS Real Time Realty
(831) 320-1743
Listed By:
Evelyn Hernandez Altamirano · License #02151564
(831) 320-1743
Source:
Exitrealty
Added: May 14
Changed: Jul 22
Last Checked: Jul 23 at 8:26AM
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 Berkshire Hathaway HS Real Time Realty
Investment Insights
Based on property information with market context.
This well-kept duplex presents two residential units with separate layouts. Unit A features a 2-bedroom, 1-bath configuration, while Unit B offers a 3-bedroom, 1-bath layout. Both sides are described as being in good condition throughout and include well maintained kitchen areas with granite countertops.
The property also includes outdoor space with decent sized yards for each unit. A key feature is a 2-car detached garage with alley access, offering potential for an ADU conversion, subject to buyer verification.
Located near local downtown dining and shopping, the property provides quick, easy access to the highway for commuters. Please do not disturb the occupants.
The property also includes outdoor space with decent sized yards for each unit. A key feature is a 2-car detached garage with alley access, offering potential for an ADU conversion, subject to buyer verification.
Located near local downtown dining and shopping, the property provides quick, easy access to the highway for commuters. Please do not disturb the occupants.
Key Highlights
- Clean, well‑kept duplex built in 1953 with steady tenant occupancy
- Unit A: 2 bed / 1 bath layout
- Unit B: 3 bed / 1 bath layout
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 | $48.4k | $33.60 |
| − Vacancy | −$2.5k | −$1.75 |
| EGI | $45.9k | $31.85 |
| − OpEx | −$13.8k | −$9.55 |
| NOI | $32.1k | $22.29 |
1,440 SF · lease $33.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$458.6K
$401.3K – $535.0K
NOI $32,101 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$869.4K
$760.7K – $1.01M
NOI $60,855 @ 7.0% cap · market cap 7.61%
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 - Clean, well-kept duplex offers a 2-bedroom/1-bath unit and a 3-bedroom/1-bath unit with detached two-car garage.
Where is this duplex located?
The property is located at 823 Central Avenue Hollister, CA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Clean, well‑kept duplex built in 1953 with steady tenant occupancy; Unit A: 2 bed / 1 bath layout; Unit B: 3 bed / 1 bath layout
