Renovated Duplex With Private
New
For Sale
$1,195,000
1020 53RD STREET, Oakland, CA 94608
MULTI_FAMILY - Oakland, CA
Property Size2,294 SF
Lot Size0.11 Acres
Price / SF$520.92
Days on Market2
Property Features for 1020 53RD STREET
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
14
Full bathrooms
14
Rooms
Bathroom 13, Bathroom 2, Bathroom 6, Bedroom 7, Bedroom 1, Bedroom 5, Bathroom 10, Bathroom 3, Bedroom 3, Bathroom 11, Bathroom 8, Bathroom 7, Bedroom 2, Bathroom 12, Bathroom 1, Bedroom 6, Bathroom 5, Bedroom 4, Bathroom 9, Bathroom 14, Bathroom 4
Parking features
Parking Lot, Off Street, Covered
Interior features
Updated Baths, Updated Kitchen
Exterior features
Back Yard, Dog Run, Front Yard, Garden/Play, Side Yard, Landscape Back, Landscape Front
Fencing
Fenced
Appliances
Dishwasher, Dryer
Subdivision
North Oakland
Lot features
Rectangular Lot
Directions
Adeline or San Pablo to 53rd St.
Standard status
Active
APN
13118818
Size
2,294 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Forced Air
Water source
Public
Amenities
private outdoor spaces
EV charger
in-unit laundry
hardwood floors
updated kitchen
private deck
private side patio
yard
Building Details
Year built
1900
Number of units
2
Flooring type
Carpet, Tile, Hardwood
Building materials
Wood Shingles, Wood Siding
Roof type
Composition
Additional Structures
Kennel/Dog Run
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
David Gunderman · License #01313613
(510) 205-4369
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 2:06AM
MLS# 41144891
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 renovated duplex contains two 1,147-square-foot residences, each with its own outdoor area and separate gas and electric meters. The upper home includes 3 BD, 2 BA, hardwood flooring, a formal dining area, an updated kitchen, and a primary suite with an en-suite bath and private deck. The lower home provides 4 BD, 1 BA, an updated kitchen, in-unit laundry, and direct access to a side patio and yard. Combined building area is 2,294 square feet on a 0.1102-acre lot.
The property includes three off-street parking spaces, including an EV charger, along with fenced front and rear outdoor areas, garden landscaping, and a dining patio. Built in 1900, the structure has wood shingle and wood siding construction, composition roofing, public water, and public sewer. Located in Gaskill in North Oakland, the property is near Emeryville and offers access to Bay Street, Berkeley, downtown Oakland, and the bridge.
The property includes three off-street parking spaces, including an EV charger, along with fenced front and rear outdoor areas, garden landscaping, and a dining patio. Built in 1900, the structure has wood shingle and wood siding construction, composition roofing, public water, and public sewer. Located in Gaskill in North Oakland, the property is near Emeryville and offers access to Bay Street, Berkeley, downtown Oakland, and the bridge.
Key Highlights
- Two 1,147‑square‑foot residences with a combined building area of 2,294 square feet
- Upper unit: 3 BD, 2 BA, updated kitchen, primary suite, and private deck
- Lower unit: 4 BD, 1 BA, updated kitchen, in‑unit laundry, and side patio
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
$52,573
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
4.40%
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%
$1,051,460
$1.1M
Cap Rate 7%
$751,043
$751.0K
Cap Rate 9%
$584,144
$584.1K
Market Conditions
NOI Build-Up for 2,294 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
$78.5K $34.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$75.1K $32.74/SF
− OpEx
−$22.5K −$9.82/SF
NOI
$52.6K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /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%
$1,051,460
Cap Rate 7%
$751,043
Cap Rate 9%
$584,144
Alternative Uses
Best Use
Multifamily LT 5
$751.0K
$657.2K – $876.2K
NOI $52,573 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$692.0K
$605.5K – $807.3K
NOI $48,438 @ 7.0% cap · market cap 4.05%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,103
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
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 updated residences offer distinct outdoor areas, separate utility metering, and off-street parking in North Oakland.
Where is this duplex located?
The property is located at 1020 53RD STREET Oakland, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two 1,147‑square‑foot residences with a combined building area of 2,294 square feet; Upper unit: 3 BD, 2 BA, updated kitchen, primary suite, and private deck; Lower unit: 4 BD, 1 BA, updated kitchen, in‑unit laundry, and side patio
