Live-Work Property in San
Alvarado St San Leandro, CA 94577
For Sale
$995,000
Mixed-use property with residential and office space for sale.
Property Size1,933 SF
Lot Size0.20 Acres
Price / SF$514.74
Days on Market387
Property Features for Alvarado St
General Information
Standard status
Active
Size
1,933 SF
Lot size
0.20 Acres
Property subtype
Commercial
Building Details
Year Built
1943
Listing Agency:
MICHAEL TANZILLO R.E. BRKR
(510) 889-9157
Listed By:
PAUL MADER · License #00795784
Source:
Corcoran
Added: Jul 8, 2025
Changed: Jul 6
Last Checked: Jul 29 at 9:41AM
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 MICHAEL TANZILLO R.E. BRKR
Investment Insights
Based on property information with market context.
This possible live-work/industrial property features a gross building area of 1,933 square feet. Constructed in 1996, the office space measures approximately 672 square feet and includes a large room and restroom. The residential house offers three bedrooms and one bathroom within its 1,261 square feet. The improvements have been remodeled and upgraded, presenting good overall condition. The rear yard includes a covered parking area measuring 19 feet by 76 feet, along with a detached garage/office area of approximately 351 square feet. This property is suitable for a small business owner or contractor seeking supplemental income from the three-bedroom residential structure. The property will be delivered vacant at the close of escrow. Please do not disturb the tenants.
Key Highlights
- Live‑Work/Industrial property ideal for small business owner/contractor.
- Includes a 3‑bedroom residential house (1,261+/- sq ft) for supplemental income.
- Office space (672+/- sq ft) constructed in 1996 with large room and restroom.
Financial Insights For Mixed Use
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 | $69.6k | $36.00 |
| − Vacancy | −$7.0k | −$3.60 |
| EGI | $62.6k | $32.40 |
| − OpEx | −$23.5k | −$12.15 |
| NOI | $39.1k | $20.25 |
1,933 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$559.2K
$489.3K – $652.4K
NOI $39,143 @ 7.0% cap · market cap 3.93%
Second Best
Office B
$558.1K
$488.3K – $651.1K
NOI $39,064 @ 7.0% cap · market cap 3.93%
Theoretical Best
Retail
$8.81M
$7.71M – $10.28M
NOI $616,872 @ 7.0% cap · market cap 62.00%
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?
Mixed-use property - Mixed-use property with residential and office space for sale.
Where is this mixed-use property located?
The property is located at Alvarado St San Leandro, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Live‑Work/Industrial property ideal for small business owner/contractor.; Includes a 3‑bedroom residential house (1,261+/- sq ft) for supplemental income.; Office space (672+/- sq ft) constructed in 1996 with large room and restroom.
