Seven-Unit Apartment
825 San Leandro Boulevard San Leandro, CA 94577
For Sale
$1,688,000
Well-located seven-unit apartment building on a 5,368 SF parcel along a major corridor.
Property Size4,264 SF
Price / SF$395.87
Days on Market76
Property Features for 825 San Leandro Boulevard
General Information
- Standard status
- Active
- Size
- 4,264 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
Listing Agency:
MARCUS & MILLICHAP
(650) 391-1700
Listed By:
FRED RUBIO · License #01984041
Source:
Corcoran
Added: May 10
Changed: Jul 23
Last Checked: Jul 24 at 9:49AM
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 MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
825 San Leandro Blvd is a for-sale seven-unit apartment building built in 1946. The property includes a residential unit mix featuring one-bedroom apartments.
The building is situated on a 5,368 square foot parcel along a major corridor, with visibility and transit access cited in the offering. The property is presented as being located in the heart of San Leandro’s multifamily market, with proximity to key employment centers.
This midcentury apartment building offers an investor-focused option centered on a low-maintenance income approach and a one-bedroom unit mix.
The building is situated on a 5,368 square foot parcel along a major corridor, with visibility and transit access cited in the offering. The property is presented as being located in the heart of San Leandro’s multifamily market, with proximity to key employment centers.
This midcentury apartment building offers an investor-focused option centered on a low-maintenance income approach and a one-bedroom unit mix.
Key Highlights
- Seven‑unit apartment building built in 1946
- Sits on a 5,368 SF parcel along a major corridor
- Desirable one‑bedroom unit mix
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 | $119.2k | $27.96 |
| − Vacancy | −$6.9k | −$1.62 |
| EGI | $112.3k | $26.34 |
| − OpEx | −$50.5k | −$11.85 |
| NOI | $61.8k | $14.49 |
4,264 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$882.4K
$772.1K – $1.03M
NOI $61,769 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$19.44M
$17.01M – $22.68M
NOI $1,360,755 @ 7.0% cap · market cap 80.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-located seven-unit apartment building on a 5,368 SF parcel along a major corridor.
Where is this apartment building located?
The property is located at 825 San Leandro Boulevard San Leandro, CA.
What is the asking price?
The asking price for this property is $1,688,000.
What are key features of this property?
This property features: Seven‑unit apartment building built in 1946; Sits on a 5,368 SF parcel along a major corridor; Desirable one‑bedroom unit mix
