Triplex with Updated
For Sale
$749,000
2550 Pleasant st, Oakland, CA 94602
Residential Income, Oakland, CA
Property Size2,551 SF
Lot Size0.06 Acres
Price / SF$293.61
Days on Market170
Property Features for 2550 Pleasant st
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 4, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 7, Bedroom 2, Bathroom 3, Bedroom 1
Parking features
Covered, Off Street
Exterior features
Back Yard
Fencing
Fenced
Appliances
Dryer, Washer, Gas Water Heater
Subdivision
Diamond
Lot features
Back Yard
Elementary school district
Oakland (510) 879-8111
High school district
Oakland (510) 879-8111
Directions
Fruitvale Ave to Pleasant St.
Standard status
Active
APN
026 083202300
Size
2,551 SF
Lot size
0.06 Acres
Utilities
Sewer type
Public Sewer
Heating system
Floor Furnace, Wall Furnace, Space Heater
Water source
Public
Building Details
Year built
1910
Number of units
3
Flooring type
Carpet, Hardwood, Linoleum
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
EXP Realty of California, Inc
(888) 584-9427
Listed By:
Cristina Mendoza
(510) 677-5424
Added: Mar 13
Changed: Aug 24
Last Checked: Aug 29 at 12:06AM
MLS# 41127174
Copyright © 2026 Bay East. 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 2,551-square-foot triplex, built in 1910, contains two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Large windows bring natural light into the residences, while hardwood flooring remains in most of the lower units. The property also includes a fenced backyard, covered and off-street parking, public water and sewer, and a composition roof. Appliances include a washer, dryer, and gas water heater.
Set on 0.0586 acres at 2550 Pleasant St in Oakland’s Dimond District, the property is within walking distance of restaurants, shops, schools, churches, hiking trails, and regional parks. Highways 580 and 13 provide regional connectivity, with BART and public transportation nearby. All three units are tenant occupied.
Set on 0.0586 acres at 2550 Pleasant St in Oakland’s Dimond District, the property is within walking distance of restaurants, shops, schools, churches, hiking trails, and regional parks. Highways 580 and 13 provide regional connectivity, with BART and public transportation nearby. All three units are tenant occupied.
Key Highlights
- Three‑unit configuration: two 1‑bedroom, 1‑bath units plus one 2‑bedroom, 1‑bath unit
- 2,551 square feet on a 0.0586‑acre lot
- All units are tenant occupied
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
$58,463
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
7.81%
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%
$1,169,260
$1.2M
Cap Rate 7%
$835,186
$835.2K
Cap Rate 9%
$649,589
$649.6K
Market Conditions
NOI Build-Up for 2,551 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
$87.2K $34.20/SF
− Vacancy
−$3.7K −$1.46/SF
EGI
$83.5K $32.74/SF
− OpEx
−$25.1K −$9.82/SF
NOI
$58.5K $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%
$1,169,260
Cap Rate 7%
$835,186
Cap Rate 9%
$649,589
Alternative Uses
Best Use
Multifamily LT 5
$835.2K
$730.8K – $974.4K
NOI $58,463 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$769.5K
$673.3K – $897.7K
NOI $53,864 @ 7.0% cap · market cap 7.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three tenant-occupied units include two one-bedroom homes and one two-bedroom home.
Where is this triplex located?
The property is located at 2550 Pleasant st Oakland, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Three‑unit configuration: two 1‑bedroom, 1‑bath units plus one 2‑bedroom, 1‑bath unit; 2,551 square feet on a 0.0586‑acre lot; All units are tenant occupied
