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    Modern Condo Home with ADU Title is generated by Realmo AI

    667 & 667A Alcatraz Ave, Oakland, CA 94609

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    For Sale
    $1,685,000

    MULTI_FAMILY - Oakland, CA

    Property size:
    2,931 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $574/SF
    Added:
    Mar 3, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 667 & 667A Alcatraz Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    7
    Rooms
    Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 3
    Parking features
    On Street, Covered
    Window features
    Double Pane Windows
    Interior features
    Updated Baths, Updated Kitchen
    Exterior features
    Low Maintenance, Storage Area
    Appliances
    Dryer, Washer, Electric Water Heater
    Standard status
    Active
    APN
    15137827
    Size
    2,931 SF
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central, Zoned
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2025
    Flooring type
    Vinyl, Tile
    Building materials
    Cement Siding
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Min Zhao

    Listing agent Min Zhao License #01449007

    Listing office KW Advisors East Bay 4937 Telegraph Ave. Ste.# A, Oakland, CA

    Listing date Mar 3, 2026

    MLS# 41125743 Listing URL

    Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brand‑new 2025 construction condo with an ADU below (667 and 667A) on the Oakland/Berkeley border
    • Dual‑unit layout: main unit 667 offers 4 bedrooms, 2 full baths, plus a front office with double French doors
    • ADU 667A provides a 3‑bedroom, 2‑bath open layout with direct access to the rear patio
    • Designer kitchens with premium stainless‑steel appliances, updated/appointed tiled bathrooms, and in‑unit laundry
    • All‑new electrical, plumbing, and sewer systems; public water and public sewer
    • Cooling with central air and zoned electric heating; partial solar system with expansion potential

    Overview

    Located on the Oakland/Berkeley border, this property features a modern condo home with a thoughtfully designed Additional Dwelling Unit (ADU) below. The ground-up construction includes all-new electrical, plumbing, and sewer systems. The main unit, spanning the upper two floors, features high ceilings, 4 bedrooms, 2 full baths, and a front office with double French doors. The ground-floor ADU offers a 3-bedroom, 2-bath layout with an open design and direct access to the rear patio. Both units feature designer kitchens with high-end finishes, premium stainless-steel appliances, and airy, open layouts. Stylish tiled bathrooms, in-unit laundry, and sunlit, generously sized bedrooms enhance each space. The fully landscaped grounds require minimal upkeep, and the property includes a convenient off-street parking space and secure storage. A partial solar system is in place with expansion potential. Buyers also benefit from long-term builder, construction, and appliance warranties. The property size is 2931 square feet and the lot size is 0.1249 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.264883
    Latitude
    37.849384

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    FAQs

    What type of property is this?
    Multifamily property - New construction condo with ADU near Berkeley border.
    Where is this multifamily property located?
    The property is located at 667 & 667A Alcatraz Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $1,685,000.
    What are key features of this property?
    This property features: Brand‑new 2025 construction condo with an ADU below (667 and 667A) on the Oakland/Berkeley border; Dual‑unit layout: main unit 667 offers 4 bedrooms, 2 full baths, plus a front office with double French doors; ADU 667A provides a 3‑bedroom, 2‑bath open layout with direct access to the rear patio
    (510) 698-8886
    We can help!
    Listing Contact
    Min Zhao
    Real Estate License ID: 01449007
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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