Classic Duplex with Lower
For Sale
$925,000
1070-1072 Aileen St, Oakland, CA 94608
MULTI_FAMILY - Oakland, CA
Property Size2,204 SF
Lot Size0.11 Acres
Price / SF$419.69
Days on Market13
Property Features for 1070-1072 Aileen St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Basement, Bedroom 3, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 1
Parking
2
Interior features
Updated Baths, Updated Kitchen, Tub w/Shower Over
Exterior features
Back Yard, Landscape Back, Yard Space
Fencing
Partial
Fireplace
1
Appliances
Dryer, Washer, Gas Water Heater
Subdivision
SANTA FE
Lot features
Level, Back Yard, Paved
Standard status
Active
APN
15130611
Size
2,204 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Floor Furnace
Water source
Public
Amenities
shared laundry room
backyard
patio
fireplace
Building Details
Year built
1923
Flooring type
Linoleum, Hardwood
Building materials
Stucco
Listing Agency:
Winkler Real Estate Group
(510) 528-2200
Listed By:
Terrence Sims Jr · License #01960291
(510) 849-7208
Added: Jul 29
Changed: Aug 9
Last Checked: Aug 10 at 4:06PM
MLS# 41143250
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1923, this Oakland duplex contains two one-bedroom, one-bath units with hardwood flooring, built-in shelving, tiled fireplaces, separate living and dining rooms, and updated kitchens with quartz counters and white cabinetry. Each unit connects to a finished lower-level area; these spaces are unpermitted and may provide room for office, fitness, or other supplementary uses, subject to applicable approvals. A shared laundry and mudroom includes a utility sink and connects to a one-car garage. Separate utility meters serve the property.
The 2,204-square-foot building sits on a 4,800-square-foot lot with a backyard, garden beds, level lawn, and brick patio. The property is near San Pablo Ave, with access to I-80, Berkeley, and Emeryville dining and shopping areas.
The 2,204-square-foot building sits on a 4,800-square-foot lot with a backyard, garden beds, level lawn, and brick patio. The property is near San Pablo Ave, with access to I-80, Berkeley, and Emeryville dining and shopping areas.
Key Highlights
- Two 1BD/1BA units in a duplex built in 1923
- 2,204 sq. ft. building on a 4,800 sq. ft. lot
- Finished lower‑level areas connected to both units; spaces are unpermitted
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,511
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,010,220
$1.0M
Cap Rate 7%
$721,586
$721.6K
Cap Rate 9%
$561,233
$561.2K
Market Conditions
NOI Build-Up for 2,204 SF
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.
Gross rent
$75.4K $34.20/SF
− Vacancy
−$3.2K −$1.46/SF
EGI
$72.2K $32.74/SF
− OpEx
−$21.6K −$9.82/SF
NOI
$50.5K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,010,220
Cap Rate 7%
$721,586
Cap Rate 9%
$561,233
Alternative Uses
Best Use
Multifamily LT 5
$721.6K
$631.4K – $841.9K
NOI $50,511 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$664.8K
$581.7K – $775.6K
NOI $46,538 @ 7.0% cap · market cap 5.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units include updated kitchens, shared laundry, and separate utility meters.
Where is this duplex located?
The property is located at 1070-1072 Aileen St Oakland, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two 1BD/1BA units in a duplex built in 1923; 2,204 sq. ft. building on a 4,800 sq. ft. lot; Finished lower‑level areas connected to both units; spaces are unpermitted
