Townhome-Style
For Sale
$775,000
Pending
4135-4137 West St, Oakland, CA 94608
MULTI_FAMILY - Oakland, CA
Property Size1,824 SF
Lot Size0.09 Acres
Days on Market174
Property Features for 4135-4137 West St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Off Street
Interior features
Storage Area(s), Tub w/Shower Over
Exterior features
Front Yard, Storage, Landscape Front
Fencing
Partial
Subdivision
Longfellow
Lot features
Front Yard, Landscaped
Standard status
Pending
Size
1,824 SF
Lot size
0.09 Acres
Utilities
Heating system
Wall Furnace, Electric (Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1945
Number of units
2
Flooring type
Vinyl, Carpet - Partial
Building materials
Vinyl Siding
Roof type
Tile
Additional Structures
Storage
Listing Agency:
Security Pacific Real Estate
(510) 222-8340
Listed By:
Erica Mackie
(510) 754-3405
Added: Feb 17
Changed: Aug 6
Last Checked: Aug 10 at 6:06PM
MLS# 41124234
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 1,824-square-foot duplex was built in 1945 with a townhome-style configuration and separate entrances for each residence. Both units offer two bedrooms and one bathroom, along with functional layouts and natural light. One unit has been updated and is move-in ready, while the second is tenant occupied. Vinyl siding, tile roofing, wall-furnace heating, ceiling fans, storage areas, and off-street parking are included. The property also has an enclosed front yard, a rear yard, and partial fencing.
Located in Oakland near the Emeryville border, the duplex is positioned near BART, public transit, major freeways, and the Bay Bridge. Emeryville’s Bay Street shopping and dining and Pixar are also nearby. The property occupies a 0.0894-acre lot and is served by public water.
Located in Oakland near the Emeryville border, the duplex is positioned near BART, public transit, major freeways, and the Bay Bridge. Emeryville’s Bay Street shopping and dining and Pixar are also nearby. The property occupies a 0.0894-acre lot and is served by public water.
Key Highlights
- Two‑unit duplex with 1,824 square feet of building area
- Each residence includes 2 bedrooms and 1 bathroom
- One unit is updated and move‑in ready; the other is 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
$41,802
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
5.39%
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%
$836,040
$836.0K
Cap Rate 7%
$597,171
$597.2K
Cap Rate 9%
$464,467
$464.5K
Market Conditions
NOI Build-Up for 1,824 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
$62.4K $34.20/SF
− Vacancy
−$2.7K −$1.46/SF
EGI
$59.7K $32.74/SF
− OpEx
−$17.9K −$9.82/SF
NOI
$41.8K $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%
$836,040
Cap Rate 7%
$597,171
Cap Rate 9%
$464,467
Alternative Uses
Best Use
Multifamily LT 5
$597.2K
$522.5K – $696.7K
NOI $41,802 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$550.2K
$481.4K – $641.9K
NOI $38,514 @ 7.0% cap · market cap 4.97%
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
Location Intelligence
Trade Area within ½ mile
3,303
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 - One residence is updated and the other is tenant occupied, combining owner-use flexibility with existing rental income.
Where is this duplex located?
The property is located at 4135-4137 West St Oakland, CA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,824 square feet of building area; Each residence includes 2 bedrooms and 1 bathroom; One unit is updated and move‑in ready; the other is tenant occupied
