Triplex with Owner’s
For Sale
$899,000
Pending
820 52nd St, Oakland, CA 94608
Residential Income, Oakland, CA
Property Size3,848 SF
Lot Size0.12 Acres
Days on Market185
Property Features for 820 52nd St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Rooms
Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 8
Parking features
Tandem
Fencing
Fenced
Fireplace
1
Appliances
Gas Water Heater
Subdivision
NORTH OAKLAND
Lot features
Rectangular Lot
Special listing conditions
Probate Listing
Standard status
Pending
APN
14120110
Size
3,848 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Wall Furnace
Water source
Public
Building Details
Year built
1920
Flooring type
Hardwood, Carpet
Building materials
Stucco
Listing Agency:
Corcoran Icon Properties · Better Homes and Gardens Real Estate
(510) 428-0900
Listed By:
Michael Stephens · License #01186416
(510) 816-9693
Added: Apr 1
Changed: Sep 16
Last Checked: Oct 2 at 10:06PM
MLS# 41129277
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.
Investment Insights
Based on property information with market context.
This 3,848-square-foot triplex was built in 1920 on a 0.124-acre lot. The configuration includes two two-bedroom, one-bath units and a four-bedroom, one-bath owner’s unit. Interior features include carpet and hardwood flooring, while a gas water heater, natural-gas wall furnace, fireplace, stucco construction, and fencing are also present. Tandem parking serves the property, with public water and public sewer connected.
The property is located at 820 52nd St in Oakland, near Children’s Hospital and BART. Telegraph Avenue and the Temescal district are nearby, with dining, cafés, and local shops. Emeryville’s Bay Street and The Kingfish Pub are also identified in the surrounding context.
The property is located at 820 52nd St in Oakland, near Children’s Hospital and BART. Telegraph Avenue and the Temescal district are nearby, with dining, cafés, and local shops. Emeryville’s Bay Street and The Kingfish Pub are also identified in the surrounding context.
Key Highlights
- 3,848‑square‑foot triplex on a 0.124‑acre lot
- Built in 1920 with stucco construction and a fenced site
- Two 2‑bed/1‑bath units plus one 4‑bed/1‑bath owner’s unit
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
$81,251
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
9.04%
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%
$1,625,020
$1.6M
Cap Rate 7%
$1,160,729
$1.2M
Cap Rate 9%
$902,789
$902.8K
Market Conditions
NOI Build-Up for 3,848 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
$154.7K $40.20/SF
− Vacancy
−$7.0K −$1.81/SF
EGI
$147.7K $38.39/SF
− OpEx
−$66.5K −$17.28/SF
NOI
$81.3K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,625,020
Cap Rate 7%
$1,160,729
Cap Rate 9%
$902,789
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,188 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.35M
NOI $81,251 @ 7.0% cap · market cap 9.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,349
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with tandem parking, public utilities, and a mix of carpet and hardwood flooring.
Where is this triplex located?
The property is located at 820 52nd St Oakland, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,848‑square‑foot triplex on a 0.124‑acre lot; Built in 1920 with stucco construction and a fenced site; Two 2‑bed/1‑bath units plus one 4‑bed/1‑bath owner’s unit
