Property Detail

Description

Most Tri-Valley fourplexes sit in a subdivision you drive to. This one sits between downtown Pleasanton and the Fairgrounds. 4458 Pleasanton Ave is a fully occupied 1964 fourplex a short walk to Main Street and the ACE station, under four miles to BART. Four identical two-bedroom, one-bath units — two down at 697 SF, two up at 694 SF — each with its own washer and dryer, dishwasher, and wall furnace. Shared balcony up, covered porch below. Unit 2 renovated in 2025. Wall furnaces 2016; three of four water heaters 2020 or newer. Four gas, four electric, four water meters. Tenants pay their own utilities; operating expenses run 29.6% of EGI. Ancillary income adds $5,880 a year. Rents sit 7.75% below broker market, with upside at turnover at market rents. $1,855,000. $644/SF. $463,750 per unit. $126,156 gross scheduled income, $82,611 NOI, 4.45% CAP, 14.70 GRM. Request the offering memorandum and rent roll to review the numbers.