Duplex with Separate
2227 Warner Ave Oakland, CA 94603
2227 Warner Ave, Oakland, CA, 94603
$549,000
For Sale
$549,000
MULTI_FAMILY - Oakland, CA
Property Size1,824 SF
Lot Size0.10 Acres
Price / SF$300.99
Days on Market42
Property Features for 2227 Warner Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
- Parking features
- Garage
- Exterior features
- Front Yard, Yard Space
- Standard status
- Active
- APN
- 465477246
- Size
- 1,824 SF
- Lot size
- 0.10 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1951
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Wood Shingles, Wood Siding
- Roof type
- Composition
Listing Agency
eXp Realty of California, Inc.
(888) 584-9427
2603 Camino Ramon Suite 200, San Ramon, CA
Listed by
Daniella Lopez · License #02180097
(925) 808-1577
Added: Jun 6 Checked: Jul 17 at 9:06 am
MLS# 41137496
Listing URL
Copyright © 2026 Contra Costa Association of REALTORS®. 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.
This duplex offers two units, both currently rented at market-rate rents. Utilities are separate, helping simplify billing and operations for an owner-occupant or investor. The property size is listed at 1,824 square feet on a 0.0983-acre lot.
The location provides easy access to Interstate 580 and Interstate 880, along with public transportation options for commuting throughout the Bay Area. The property is described as being minutes from shopping, dining, and everyday conveniences in the nearby San Leandro business district.
As an added benefit, plans and permits are available for a potential garage conversion to an ADU, which may support additional rental income in the future.
The location provides easy access to Interstate 580 and Interstate 880, along with public transportation options for commuting throughout the Bay Area. The property is described as being minutes from shopping, dining, and everyday conveniences in the nearby San Leandro business district.
As an added benefit, plans and permits are available for a potential garage conversion to an ADU, which may support additional rental income in the future.
Key Highlights
- Duplex built in 1951 with 4 bedrooms and 2 bathrooms across Bedroom 1–4 and Bathroom 1–2
- Both units are rented at market‑rate rents
- Utilities are separate for each unit
Local Financial Insights For Multifamily LT 5
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 | $56.9k | $31.20 |
| − Vacancy | −$3.7k | −$2.03 |
| EGI | $53.2k | $29.17 |
| − OpEx | −$16.0k | −$8.75 |
| NOI | $37.2k | $20.42 |
1,824 SF · lease $31.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$532.1K
$465.6K – $620.8K
NOI $37,247 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$493.6K
$431.9K – $575.9K
NOI $34,554 @ 7.0% cap · market cap 6.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two rented units and separately metered utilities, with plans available for a potential ADU conversion.
Where is this duplex located?
The property is located at 2227 Warner Ave Oakland, CA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Duplex built in 1951 with 4 bedrooms and 2 bathrooms across Bedroom 1–4 and Bathroom 1–2; Both units are rented at market‑rate rents; Utilities are separate for each unit
