863 Palomino Dr, Pleasanton, CA 94566
Four remodeled units each offer private backyards and designated carport parking, with key building upgrades completed.
- Added:
- May 12, 2026
- Days on Market:
- 53
- Last Refresh:
- Jul 1 at 2:14 am
Property Features for 863 Palomino Dr
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1967
Listing office Investment Real Estate (925) 963-0569
Listing date May 12, 2026
Source Exitrealty
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 Investment Real Estate
HighLights
- 1967‑built 4‑plex with four remodeled units in Vintage Hills neighborhood
- Each unit offers 2 bedrooms, 1.5 baths, and approximately 1,000 SF of living space
- Each unit has a private backyard and designated carport space
- Recent building upgrades: new roof (2022), new paver driveway (2022), new paver patios (all units), new electrical panels (2023), and new exterior paint (2022)
- Unit upgrades include remodeled kitchens and bathrooms, wood flooring, updated fixtures, and interior paint in updated interior units
- Laundry setup: 2 units with washer/dryer combo and 2 units sharing a laundry room
Overview
Recent building improvements include a new roof in 2022, a new paver driveway and new paver patios for all units in 2022, new electrical panels in 2023, and new exterior paint in 2022. A new balcony for Unit D was added as well. Laundry access is split between two units with washer/dryer combinations and two units that share a laundry room.
The property is positioned in the Vintage Hills neighborhood of Pleasanton, close to downtown Pleasanton restaurants, cafes, shops, and entertainment, and also near I-680 for convenient commuting. Tenants are responsible for PG&E, garbage, and cable/internet, supporting a straightforward expense structure for ownership. This turn-key, well-maintained multifamily asset may appeal to investors looking for an updated 4-plex with ongoing exterior and systems improvements already completed.
Local 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 | $204.0k | $51.00 |
| − Vacancy | −$12.2k | −$3.05 |
| EGI | $191.8k | $47.95 |
| − OpEx | −$57.5k | −$14.39 |
| NOI | $134.3k | $33.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pleasanton
- County
- Alameda
- State
- California
- Longitude
- -121.853719
- Latitude
- 37.6585109
