Two-Unit Duplex with Garage
New
For Sale
$1,239,000
1024 Elsinore Ave, Oakland, CA 94602
Residential Income, Oakland, CA
Property Size2,127 SF
Lot Size0.10 Acres
Price / SF$582.51
Days on Market2
Property Features for 1024 Elsinore Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5
Fireplace
1
Appliances
Dryer, Washer
Subdivision
GLENVIEW
View
City
Standard status
Active
APN
2455814
Size
2,127 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Central Air
Water source
Public
Amenities
deck
backyard
Building Details
Year built
1919
Flooring type
Wood, Tile
Building materials
Stucco
Listing Agency:
Corcoran Icon Properties · Better Homes and Gardens Real Estate
(510) 428-0900
Listed By:
Nicholas Brown · License #02248460
(650) 787-3381
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 10:06AM
MLS# 41151161
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 2,127-square-foot duplex contains two residences: a lower-level 2-bedroom, 1-bathroom unit and an upper-level 3-bedroom, 2-bathroom unit. The lower unit is vacant, and the upper unit is rented. Each residence has a garage parking space. A private deck and tiered backyard provide outdoor space. The building was constructed in 1919 and has stucco exterior, wood and tile flooring, wall furnace heat, central air conditioning, and a fireplace. Washer and dryer are included.
The property occupies a 0.101-acre lot in Oakland’s Glenview neighborhood. Public water and public sewer serve the site. The two-unit configuration combines a vacant residence with a rented unit, and each residence has its own bedroom and bathroom layout.
The property occupies a 0.101-acre lot in Oakland’s Glenview neighborhood. Public water and public sewer serve the site. The two-unit configuration combines a vacant residence with a rented unit, and each residence has its own bedroom and bathroom layout.
Key Highlights
- Two residences: lower unit has 2 bedrooms and 1 bathroom; upper unit has 3 bedrooms and 2 bathrooms
- 2,127 square feet on a 0.101‑acre lot
- One unit is vacant; the other is rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,746
Cap Rate
3.93%
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 3.93%
Second Best
Apartment 5plus
$641.6K
$561.4K – $748.5K
NOI $44,912 @ 7.0% cap · market cap 3.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, while the other is rented; both have dedicated garage parking.
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 $1,239,000.
What are key features of this property?
This property features: Two residences: lower unit has 2 bedrooms and 1 bathroom; upper unit has 3 bedrooms and 2 bathrooms; 2,127 square feet on a 0.101‑acre lot; One unit is vacant; the other is rented
