Seven-Unit Apartment
For Sale
$1,584,000
825 San Leandro Boulevard, San Leandro, CA 94577
A 1946-built seven-unit multifamily property on a major corridor parcel with a one-bedroom unit mix.
Property Size4,264 SF
Lot Size0.12 Acres
Price / SF$371.48
Days on Market136
Property Features for 825 San Leandro Boulevard
General Information
Standard status
Active
Size
4,264 SF
Lot size
0.12 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$19,600
Building Details
Year Built
1946
Tenancy
Multi
Listing Agency:
Marcus & Millichap
(650) 391-1700
Listed By:
Fred Rubio · License #01984041
(408) 314-3009
Source:
Exitrealty
Added: Jun 8
Changed: Oct 4
Last Checked: Oct 4 at 8:58AM
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
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Investment Insights
Based on property information with market context.
825 San Leandro Blvd is a seven-unit apartment building constructed in 1946, set on a 5,368 square foot parcel. The property features a one-bedroom unit mix and is positioned as a low-maintenance, income-producing asset for private investors.
The building is located along a major corridor, benefiting from strong visibility and excellent transit access, with proximity to key employment centers in San Leandro. This combination of location and unit mix supports the property’s role in a supply-constrained East Bay multifamily market.
For buyers seeking a smaller residential income building with a classic midcentury framework and a clearly defined unit mix, this asset offers a straightforward multifamily investment profile.
The building is located along a major corridor, benefiting from strong visibility and excellent transit access, with proximity to key employment centers in San Leandro. This combination of location and unit mix supports the property’s role in a supply-constrained East Bay multifamily market.
For buyers seeking a smaller residential income building with a classic midcentury framework and a clearly defined unit mix, this asset offers a straightforward multifamily investment profile.
Key Highlights
- 1946‑built seven‑unit multifamily building
- Located on a 5,368 sq ft parcel along a major corridor
- One‑bedroom unit mix (7 units total)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,769
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,380
$1.2M
Cap Rate 7%
$882,414
$882.4K
Cap Rate 9%
$686,322
$686.3K
Market Conditions
NOI Build-Up for 4,264 SF
Gross rent
$119.2K $27.96/SF
− Vacancy
−$6.9K −$1.62/SF
EGI
$112.3K $26.34/SF
− OpEx
−$50.5K −$11.85/SF
NOI
$61.8K $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%
$1,235,380
Cap Rate 7%
$882,414
Cap Rate 9%
$686,322
Alternative Uses
Best Use
Apartment 5plus
$882.4K
$772.1K – $1.03M
NOI $61,769 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$19.44M
$17.01M – $22.68M
NOI $1,360,755 @ 7.0% cap · market cap 85.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,583
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A 1946-built seven-unit multifamily property on a major corridor parcel with a one-bedroom unit mix.
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 $1,584,000.
What are key features of this property?
This property features: 1946‑built seven‑unit multifamily building; Located on a 5,368 sq ft parcel along a major corridor; One‑bedroom unit mix (7 units total)
