Two-Unit Duplex with Private
For Sale
$1,249,900
1024 Elsinore Ave, Oakland, CA 94602
Well-maintained two-unit property with individual garage parking and flexible occupancy options.
Property Size2,127 SF
Price / SF$587.64
Days on Market217
Property Features for 1024 Elsinore Ave
General Information
Standard status
Active
Size
2,127 SF
Property subtype
Multi Family
Building Details
Year Built
1919
Listing Agency:
Corcoran Icon Properties
(510) 428-0900
Listed By:
Nicholas Brown · License #02248460
(650) 787-3381
Source:
Exitrealty
Added: Mar 16
Changed: Sep 2
Last Checked: Sep 15 at 6:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Icon Properties
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Investment Insights
Based on property information with market context.
This 2,127-square-foot duplex, built in 1919, contains two separate residences with a practical layout for rental or owner-occupant use. The lower unit has 2 bedrooms and 1 bathroom and will be delivered vacant. It also includes a private deck. The upper residence provides 3 bedrooms and 2 bathrooms and may become available as well. Each unit has its own parking space in the garage.
Located in Oakland’s Glenview neighborhood at 1024 Elsinore Ave, the property combines established residential character with a two-unit configuration. The existing setup supports continued income-producing use, while the vacant lower residence offers immediate flexibility for an owner-user or new tenancy. Both units have been maintained by the current owner and are described as being in very good overall condition.
Located in Oakland’s Glenview neighborhood at 1024 Elsinore Ave, the property combines established residential character with a two-unit configuration. The existing setup supports continued income-producing use, while the vacant lower residence offers immediate flexibility for an owner-user or new tenancy. Both units have been maintained by the current owner and are described as being in very good overall condition.
Key Highlights
- 2,127 SF duplex on a residential Oakland property
- Two units: lower residence has 2 bedrooms and 1 bathroom; upper residence has 3 bedrooms and 2 bathrooms
- Lower unit delivered vacant with private deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,746
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,920
$974.9K
Cap Rate 7%
$696,371
$696.4K
Cap Rate 9%
$541,622
$541.6K
Market Conditions
NOI Build-Up for 2,127 SF
Gross rent
$72.7K $34.20/SF
− Vacancy
−$3.1K −$1.46/SF
EGI
$69.6K $32.74/SF
− OpEx
−$20.9K −$9.82/SF
NOI
$48.7K $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 Rate 5%
$974,920
Cap Rate 7%
$696,371
Cap Rate 9%
$541,622
Alternative Uses
Best Use
Multifamily LT 5
$696.4K
$609.3K – $812.4K
NOI $48,746 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$641.6K
$561.4K – $748.5K
NOI $44,912 @ 7.0% cap · market cap 3.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
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Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit property with individual garage parking and flexible occupancy options.
Where is this duplex located?
The property is located at 1024 Elsinore Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: 2,127 SF duplex on a residential Oakland property; Two units: lower residence has 2 bedrooms and 1 bathroom; upper residence has 3 bedrooms and 2 bathrooms; Lower unit delivered vacant with private deck
