Tenant-Occupied Duplex with
1035-1037 Warfield Avenue Oakland, CA 94610
1035-1037 Warfield Avenue, Oakland, CA, 94610
$700,000
For Sale
$700,000
Tenant-occupied duplex features a split-level 2-bed/2-bath cottage plus an attached studio conversion, both with in-unit laundry.
Property Size1,375 SF
Price / SF$509.09
Days on Market24
Property Features for 1035-1037 Warfield Avenue
General Information
- Standard status
- Active
- Size
- 1,375 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1919
Listing agency
Compass
(650) 455-5326
Listed by
Laura Lee · License #02072942
(650) 455-5326
Source
Exitrealty
Added: Jun 28 Updated: Jul 21 at 3:37AM Checked: Jul 21 at 3:37AM
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 Compass
Investment Insights
Based on property information with market context.
This tenant-occupied duplex includes two distinct living spaces set on a large lot. The split-level main cottage offers two bedrooms and two baths, with a bright living room, a spacious kitchen with ample cabinetry, and a private deck overlooking surrounding greenery. The home also includes in-unit laundry for added convenience. The second unit is an attached studio created from a portion of the original 3-car garage, with an open living/sleeping area, a kitchen, a full bath, and stacked laundry.
The property sits in a hillside setting with neighborhood outlooks. The oversized lot provides abundant outdoor space, with additional possibilities for a buyer to investigate.
Overall, the layout supports flexibility for an owner seeking rental income while retaining a separate, self-contained studio configuration on the same property.
The property sits in a hillside setting with neighborhood outlooks. The oversized lot provides abundant outdoor space, with additional possibilities for a buyer to investigate.
Overall, the layout supports flexibility for an owner seeking rental income while retaining a separate, self-contained studio configuration on the same property.
Key Highlights
- Tenant‑occupied duplex at 1035‑1037 Warfield Avenue with a split‑level 2‑bed, 2‑bath main cottage plus an attached studio conversion
- Main cottage features a bright living room, spacious kitchen with ample cabinetry, and a private deck overlooking surrounding greenery
- Split‑level cottage layout includes an upper‑level bedroom and hall bath created from a partitioned section of the original garage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $34.20 |
| − Vacancy | −$2.0k | −$1.46 |
| EGI | $45.0k | $32.74 |
| − OpEx | −$13.5k | −$9.82 |
| NOI | $31.5k | $22.92 |
1,375 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.2K
$393.9K – $525.2K
NOI $31,512 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$414.8K
$362.9K – $483.9K
NOI $29,033 @ 7.0% cap · market cap 4.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Tenant-occupied duplex features a split-level 2-bed/2-bath cottage plus an attached studio conversion, both with in-unit laundry.
Where is this duplex located?
The property is located at 1035-1037 Warfield Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Tenant‑occupied duplex at 1035‑1037 Warfield Avenue with a split‑level 2‑bed, 2‑bath main cottage plus an attached studio conversion; Main cottage features a bright living room, spacious kitchen with ample cabinetry, and a private deck overlooking surrounding greenery; Split‑level cottage layout includes an upper‑level bedroom and hall bath created from a partitioned section of the original garage
