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    8124 Greenly Dr Oakland, CA 94605

    Sponsored
    For Sale
    $1,196,000

    Craftsman, Multiple Dwellings / Structures - OAKLAND, CA

    Property size:
    1,671 SF
    Lot size:
    0.11 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 4 at 2:06 pm

    Property Features for 8124 Greenly Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Secured Garage/Parking, Security Alarm, Security Gate, Security Lighting
    Zoning
    RD-1
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Laundry, Office
    Bedrooms
    3
    Parking
    6
    Parking features
    Carport, Covered, Garage, Garage - Detached, On Street, Oversized, Workshop
    Interior features
    None, Ceiling Insulation, Energy Star Appliances, Energy Star Hvac, Tankless Water Heater, Thermostat Controller, Fire Alarm, Panic Alarm, Secured Garage / Parking, Security Alarm
    Exterior features
    Security Fence, Security Lights
    Fencing
    Fenced, Gate
    Basement Y/N
    1
    Appliances
    Cooktop, Cooktop - Gas, Freezer, Range, Range - Built In
    Size
    1,671 SF
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Central, Forced Air, Natural Gas, Wall Furnace
    Cooling system
    Ceiling Fan(s), Central Air, Wall Unit(s)

    Building Details

    Year built
    1948
    Flooring type
    Carpet, Hardwood, Tile
    Roof type
    Composition
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Christian Haun
    Christian Haun

    eXp Realty of California, Inc. (888) 584-9427 x119

    Listing agent Christian Haun 8885849427ex119 License #01494599

    Listing date Mar 2, 2026

    MLS# ML82036875 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Craftsman Home with Income Potential

    This East Bay property features a 3-bedroom, 1.5-bathroom main residence along with a 1-bedroom, 1-bathroom accessory dwelling unit (ADU) with a private entrance. The ADU is projected to generate over $24,000 in rental income in 2025. The turnkey ADU is fully furnished with a separate kitchen and laundry, offering an income stream suitable for supplemental income, guest quarters, or multi-generational living. All appliances and ADU furnishings are included. The main home features hardwood floors, sunrise views over the Oakland Hills, citrus trees, a low-maintenance yard, and abundant natural light. Upgrades include new central heat and AC, a replaced and certified sewer lateral, a tankless water heater, and fully updated electrical with a 200-amp solar-ready main panel, three subpanels, and dual EV chargers. The property includes a gated driveway leading to a 4-car garage/carport plus a 366 square foot workshop, accommodating multiple vehicles, RV, boat, or hobby use. Located on a quiet end-street near King Estate Open Space, the property offers easy access to I-580, the Oakland Zoo, and the Oak Knoll development. The lot size is 0.1148 acres. The property size is 1671 square feet. The zoning is RD-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.1560744
    Latitude
    37.7673739

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    FAQs

    What type of property is this?
    Duplex - East Bay home with ADU generating rental income.
    Where is this duplex located?
    The property is located at 8124 Greenly Dr Oakland, CA.
    What is the asking price?
    The asking price for this property is $1,196,000.
    What are key features of this property?
    This property features: - Income-generating ADU: Separate 1BD/1BA unit with private entrance, fully furnished, and proven rental income (over $24,000 in 2025).; - Upgraded systems: Enjoy new central heat & AC, tankless water heater, updated electrical with 200-amp solar-ready panel, and dual EV chargers.; - Ample parking & workshop: Gated driveway to 4-car garage/carport plus 366 sq ft workshop.
    (831) 230-4180
    Request Owner's contact information
    8124 Greenly Dr Oakland, CA 94605
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    Oakland, CA 94605
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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.

    More about this property
    8124 Greenly Dr Oakland, CA 94605
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    We can help!
    Listing Contact
    Christian Haun
    Christian Haun
    Real Estate License ID: 01494599
    (831) 230-4180 (888) 584-9427 (831) 402-9451
    Learn more
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