Triplex With Private
For Sale
$599,888
3309 64Th Ave, Oakland, CA 94605
Residential Income, Oakland, CA
Property Size1,639 SF
Lot Size0.08 Acres
Price / SF$366.01
Days on Market108
Property Features for 3309 64Th Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3
Parking features
Parking Lot, Covered
Exterior features
Front Yard, Side Yard, Terraced Back
Subdivision
Millmont
Lot features
Corner Lot, Rectangular Lot, Street Light(s)
Directions
580, MacArthur, 64th Ave
Standard status
Active
APN
37A273912
Size
1,639 SF
Lot size
0.08 Acres
Utilities
Heating system
Natural Gas, Wall Furnace
Water source
Public
Building Details
Year built
1939
Number of units
3
Flooring type
Tile, Unfinished, Hardwood, Laminate
Building materials
Stucco
Roof type
Composition
Listing Agency:
Real Estate Ebroker Inc
(760) 722-3222
Listed By:
Son Luu · License #01711002
(510) 409-6855
Added: May 14
Changed: Aug 24
Last Checked: Aug 29 at 5:06PM
MLS# 41134823
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 1,639-square-foot triplex was built in 1939 and includes three separate units with individual private entrances. Interior finishes include laminate, tile, hardwood, and unfinished flooring, while heating is provided by natural gas wall furnaces. The property also offers front, side, and terraced rear yard areas.
Set on a 0.0832-acre parcel in Oakland, the property includes a parking lot with covered parking. Construction features stucco siding, a composition roof, and public water service. Schools, shopping, restaurants, public transportation, and freeway access are identified nearby, with the surrounding area described as an established neighborhood.
Set on a 0.0832-acre parcel in Oakland, the property includes a parking lot with covered parking. Construction features stucco siding, a composition roof, and public water service. Schools, shopping, restaurants, public transportation, and freeway access are identified nearby, with the surrounding area described as an established neighborhood.
Key Highlights
- Three separate units with private entrances
- 1,639 square feet on a 0.0832‑acre parcel
- Built in 1939 with stucco construction
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
$33,176
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
5.53%
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%
$663,520
$663.5K
Cap Rate 7%
$473,943
$473.9K
Cap Rate 9%
$368,622
$368.6K
Market Conditions
NOI Build-Up for 1,639 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
$50.2K $30.60/SF
− Vacancy
−$2.8K −$1.68/SF
EGI
$47.4K $28.92/SF
− OpEx
−$14.2K −$8.68/SF
NOI
$33.2K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /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%
$663,520
Cap Rate 7%
$473,943
Cap Rate 9%
$368,622
Alternative Uses
Best Use
Multifamily LT 5
$473.9K
$414.7K – $552.9K
NOI $33,176 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$424.8K
$371.7K – $495.7K
NOI $29,739 @ 7.0% cap · market cap 4.96%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
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 separate units are served by private entrances.
Where is this triplex located?
The property is located at 3309 64Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $599,888.
What are key features of this property?
This property features: Three separate units with private entrances; 1,639 square feet on a 0.0832‑acre parcel; Built in 1939 with stucco construction
