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15609 Ronda St 7 Unit Apartment Building $2,100,000 ($300,000/Unit) 4.61% Cap Rate San Lorenzo, CA 94580
INVESTMENT HIGHLIGHTS
- Property is now 100% occupied following lease-up of Unit #3, generating stabilized income at full market potential.
- Its location near Hesperian Blvd, I-880, and BART connectivity enhances its long-term rental appeal and liquidity
EXECUTIVE SUMMARY
This offering reflects real-world East Bay investment metrics:
Cap rate includes full tax burden and owner-paid utilities.
Property is now 100% occupied following lease-up of Unit #3, generating stabilized
income at full market potential.
Historical 12-month NOI (actual) reached ~$94,300, confirming strong operational
stability under professional management.
Pro forma NOI (at market rents and current occupancy) projects to ~$110,000+,
reflecting a market cap rate near 5.0% on stabilized performance.
This property is ideal for:
1031 Exchange buyers seeking stable yield in a supply-constrained East Bay market
Hands-on owner-users looking to occupy or manage a smaller multifamily asset
Long-term investors focused on income growth through rent normalization and
light value-add improvements
Private portfolio builders seeking predictable cash flow with future appreciation
potential
Cap rate includes full tax burden and owner-paid utilities.
Property is now 100% occupied following lease-up of Unit #3, generating stabilized
income at full market potential.
Historical 12-month NOI (actual) reached ~$94,300, confirming strong operational
stability under professional management.
Pro forma NOI (at market rents and current occupancy) projects to ~$110,000+,
reflecting a market cap rate near 5.0% on stabilized performance.
This property is ideal for:
1031 Exchange buyers seeking stable yield in a supply-constrained East Bay market
Hands-on owner-users looking to occupy or manage a smaller multifamily asset
Long-term investors focused on income growth through rent normalization and
light value-add improvements
Private portfolio builders seeking predictable cash flow with future appreciation
potential
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Title and Insurance
- Investigations
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$140,856
|
$30.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,856
|
$30.77
|
| Taxes |
$18,222
|
$3.98
|
| Operating Expenses |
$33,847
|
$7.39
|
| Total Expenses |
$52,069
|
$11.37
|
| Net Operating Income |
$88,787
|
$19.39
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $140,856 |
| Annual Per SF | $30.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $140,856 |
| Annual Per SF | $30.77 |
| Taxes | |
|---|---|
| Annual | $18,222 |
| Annual Per SF | $3.98 |
| Operating Expenses | |
|---|---|
| Annual | $33,847 |
| Annual Per SF | $7.39 |
| Total Expenses | |
|---|---|
| Annual | $52,069 |
| Annual Per SF | $11.37 |
| Net Operating Income | |
|---|---|
| Annual | $88,787 |
| Annual Per SF | $19.39 |
PROPERTY FACTS
| Price | $2,100,000 | Building Class | C |
| Price Per Unit | $300,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,578 SF |
| Cap Rate | 4.61% | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.6 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1962/2010 |
| Property Type | Multifamily | Parking Ratio | 2.18/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | ABCD - TheACBD Specific Plan is intended to be consistent with and to implement the policies of the Eden Area General Plan (2010) and the Alameda County Gen. | ||
| Price | $2,100,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 4.61% |
| Gross Rent Multiplier | 15.6 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,578 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2010 |
| Parking Ratio | 2.18/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | ABCD - TheACBD Specific Plan is intended to be consistent with and to implement the policies of the Eden Area General Plan (2010) and the Alameda County Gen. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Disposal
- Heating
- Kitchen
- Refrigerator
- Range
- Carpet
- Deck
- Double Pane Windows
- Family Room
- Freezer
- Patio
- Smoke Free
- Window Coverings
SITE AMENITIES
- Courtyard
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 413-0093-005-00 | Total Assessment | $311,897 (2025) |
| Land Assessment | $198,228 (2025) | Annual Taxes | $18,222 ($3.98/SF) |
| Improvements Assessment | $113,669 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
413-0093-005-00
Land Assessment
$198,228 (2025)
Improvements Assessment
$113,669 (2025)
Total Assessment
$311,897 (2025)
Annual Taxes
$18,222 ($3.98/SF)
Tax Year
2024
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15609 Ronda St
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