Duplex with Canyon
For Sale
$569,950
8600 Seneca, Oakland, CA 94605
Residential Income, Oakland, CA
Property Size1,557 SF
Lot Size0.14 Acres
Price / SF$366.06
Days on Market77
Property Features for 8600 Seneca
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 1
Parking features
Garage
Window features
Window Coverings
Interior features
Tub w/Shower Over
Exterior features
Front Yard
Appliances
Gas Water Heater
Subdivision
Toler Heights
Lot features
Sloped Down, Dead End
Directions
from upper 98th turn right Cherokee Ave , right thermal, to 8600 Seneca..
Standard status
Active
APN
43A 4652 11
Size
1,557 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1948
Number of units
2
Flooring type
Carpet
Building materials
Stucco, Frame, Wood
Roof type
Composition
Listing Agency:
Legacy Real Estate & Assoc. · ERA Real Estate
(925) 447-8100
Listed By:
Michael Godfrey · License #01092781
(510) 407-3535
Added: Jun 13
Changed: Aug 27
Last Checked: Aug 28 at 3:06AM
MLS# 41138295
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.
Investment Insights
Based on property information with market context.
This 1,557-square-foot duplex, built in 1948, includes two residential units within a stucco-and-frame structure. The upper residence offers 2 bedrooms and 1 bathroom, along with an attached 1-car garage. The lower residence has 1 bedroom and 1 bathroom, plus a divided area providing additional sleeping space. A deck extends from the living room and captures canyon views.
The property occupies 0.1423 acres on a closed-end street in Oakland. Public water and public sewer serve the property. Additional features include a composition roof, natural-gas heating, a gas water heater, carpeted flooring, and a front yard.
The property occupies 0.1423 acres on a closed-end street in Oakland. Public water and public sewer serve the property. Additional features include a composition roof, natural-gas heating, a gas water heater, carpeted flooring, and a front yard.
Key Highlights
- Two‑unit duplex on 0.1423 acres
- 1,557 square feet; built in 1948
- Upper unit includes 2 bedrooms and 1 bathroom
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
$31,517
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
5.53%
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%
$630,340
$630.3K
Cap Rate 7%
$450,243
$450.2K
Cap Rate 9%
$350,189
$350.2K
Market Conditions
NOI Build-Up for 1,557 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
$47.6K $30.60/SF
− Vacancy
−$2.6K −$1.68/SF
EGI
$45.0K $28.92/SF
− OpEx
−$13.5K −$8.68/SF
NOI
$31.5K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /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%
$630,340
Cap Rate 7%
$450,243
Cap Rate 9%
$350,189
Alternative Uses
Best Use
Multifamily LT 5
$450.2K
$394.0K – $525.3K
NOI $31,517 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$403.6K
$353.1K – $470.9K
NOI $28,251 @ 7.0% cap · market cap 4.96%
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
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
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 - Two-unit property with distinct living spaces, an attached garage, and a deck overlooking the canyon.
Where is this duplex located?
The property is located at 8600 Seneca Oakland, CA.
What is the asking price?
The asking price for this property is $569,950.
What are key features of this property?
This property features: Two‑unit duplex on 0.1423 acres; 1,557 square feet; built in 1948; Upper unit includes 2 bedrooms and 1 bathroom
