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    Updated Duplex Near Downtown Oakland Title is generated by Realmo AI

    622 Alice St., Oakland, CA 94607

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    Claim this Listing
    Pending
    $799,000

    MULTI_FAMILY - Oakland, CA

    Property size:
    1,894 SF
    Lot size:
    0.04 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 26 at 12:06 pm

    Property Features for 622 Alice St.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    10
    Rooms
    Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 8, Bedroom 5, Bathroom 9, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 7, Bathroom 5, Bedroom 2, Bathroom 10
    Window features
    Double Pane Windows, Screens
    Interior features
    Updated Baths, Updated Kitchen
    Exterior features
    Balcony
    Fencing
    Fenced
    Appliances
    Dishwasher, Disposal
    Standard status
    Pending
    APN
    11813
    Size
    1,894 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Multi Units

    Building Details

    Year built
    1977
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Stucco

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    Contact an agent
    Sunitha Samala

    Listing agent Sunitha Samala

    Listing office Alliance Bay Realty 37600 Central Court STE 264, Newark, CA

    Listing date Apr 3, 2026

    MLS# 41129608 Listing URL

    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.

    HighLights

    • Fully permitted renovation duplex with updated kitchen(s), updated bath(s), and new flooring
    • Brand new HVAC with split units for efficient heating and cooling
    • New kitchen with appliances including dishwasher and disposal in both units
    • Laundry hook‑ups available for each unit
    • Enclosed 2‑car garage plus balcony for the upper unit and a private backyard for the lower unit
    • Electrical upgrades, newer roof, and newer water heater; stucco construction; year built 1977

    Overview

    This updated duplex presents opportunities for owner-occupancy with rental income, multi-generational living, or maximizing rental potential. The property features bright interiors and thoughtful upgrades throughout. A fully permitted renovation has brought modern comfort and timeless charm to this duplex. Both units include new kitchens with appliances, bathrooms with stylish finishes, updated cabinetry, and modern fixtures, as well as new flooring. A new HVAC system with split units provides efficient heating and cooling. Electrical upgrades, a newer roof, and a newer water heater have been installed. Laundry hook-ups are available for each unit. A rare enclosed 2-car garage offers convenient parking. The upper unit features a balcony for outdoor entertainment or relaxation. The lower unit offers a private backyard for outdoor entertainment or relaxing. The property is located near downtown conveniences, transportation, dining, and cultural attractions. The lot size is 0.0432 acres and the property size is 1894 square feet.

    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 $64.8k $34.20
    − Vacancy −$2.8k −$1.46
    EGI $62.0k $32.74
    − OpEx −$18.6k −$9.82
    NOI $43.4k $22.92
    1,894 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $620.1K
    $542.6K – $723.4K (±1% cap)
    NOI $43,406 @ 7.0% cap · market cap 5.43%
    Second Best
    Apartment 5plus
    $571.3K
    $499.9K – $666.5K (±1% cap)
    NOI $39,992 @ 7.0% cap · market cap 5.01%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.269357
    Latitude
    37.797294

    FAQs

    What type of property is this?
    Duplex - Renovated duplex with modern amenities, convenient location, and income potential.
    Where is this duplex located?
    The property is located at 622 Alice St. Oakland, CA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Fully permitted renovation duplex with updated kitchen(s), updated bath(s), and new flooring; Brand new HVAC with split units for efficient heating and cooling; New kitchen with appliances including dishwasher and disposal in both units
    More about this property
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