185 Belleview — Sale in San Leandro, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Leandro, CA 94577

Investment Figures

Cap rate
6.15%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

185 Belleview and 350 Lafayette present a rare San Leandro opportunity with 10 fully renovated units across two five-unit buildings. Originally built in 1943 and completely remodeled in 2016, both properties feature modern finishes, in-unit laundry, garage parking, and new roofs for long-term durability. San Leandro offers investors an affordable yet dynamic East Bay market, benefiting from strong employment, infrastructure improvements, and proximity to Oakland and San Francisco. With a diverse economy, active development plans, and rising housing demand, the city provides both stability and significant growth potential. Investment Highlights: • 185 Belleview & 350 Lafayette offer 10 units in two five-unit buildings, fully renovated in 2016 with modern finishes, in-unit laundry, garage parking, and new roofs for lasting durability. • San Leandro, CA offers investors a balanced mix of affordability, jobs, and infrastructure growth. With strong employers and proximity to Oakland/SF, it's a dynamic, resilient East Bay market. • San Leandro offers growth and stability with improving infrastructure, rising demand, and affordability. Proximity to transit, jobs, and nightlife makes it a promising real estate market.

Market Context

This multifamily in San Leandro, CA is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 86 days. Compare it against other multifamily listings for sale in San Leandro, CA — view the full market.

As of Q1 2026, the Oakland / East Bay multifamily market showed cap rates around 4.9%. Source: multiple brokerage reports, Q1 2026.

Its 6.2% asking cap rate is above the Oakland / East Bay multifamily market average of about 4.9%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Oakland / East Bay?
About 4.9% as of Q1 2026, per multiple brokerage reports.

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