Tenant-Occupied Duplex with
For Sale
$700,000
10351037 Warfield Avenue, Oakland, CA 94610
Duplex on a large lot offering a split-level 2-bedroom cottage plus an attached studio with in-unit laundry.
Property Size1,375 SF
Price / SF$509.09
Days on Market36
Property Features for 10351037 Warfield Avenue
General Information
Standard status
Active
Size
1,375 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1919
Tenancy
Multi
Listing Agency:
Compass
(650) 455-5326
Listed By:
Laura Lee · License #02072942
(650) 455-5326
Source:
Exitrealty
Added: Jun 29
Changed: Jul 20
Last Checked: Aug 3 at 6:09AM
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.
1035-1037 Warfield Avenue is a tenant-occupied duplex configured as a split-level 2-bedroom, 2-bath main cottage and an attached studio created from a portion of the original 3-car garage. The cottage includes a bright living room, a spacious kitchen with ample cabinetry, and a private deck overlooking surrounding greenery. The upper level features a bedroom and a hall bath formed from a partitioned section of the original garage, and the home has in-unit laundry. The attached studio provides an open living/sleeping area, kitchen, a full bath, and stacked laundry.
The property sits on an expansive lot with outdoor space, with additional possibilities that buyer should investigate. The hillside setting offers neighborhood outlooks, and the location is described as convenient to shopping, dining, neighborhood amenities, and commuter routes.
This is a distinctive residential income property with two separate living spaces under one roof, presenting options for continued rental income or future owner-occupancy. The studio’s configuration and laundry arrangements support flexible use within the duplex structure.
The property sits on an expansive lot with outdoor space, with additional possibilities that buyer should investigate. The hillside setting offers neighborhood outlooks, and the location is described as convenient to shopping, dining, neighborhood amenities, and commuter routes.
This is a distinctive residential income property with two separate living spaces under one roof, presenting options for continued rental income or future owner-occupancy. The studio’s configuration and laundry arrangements support flexible use within the duplex structure.
Key Highlights
- Tenant‑occupied duplex featuring a split‑level 2‑bedroom, 2‑bath cottage plus an attached studio
- Split‑level cottage includes a bright living room, spacious kitchen with ample cabinetry, and a private deck
- Cottage layout includes an upper‑level bedroom and a hall bath created from a partitioned section of the original garage
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 authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,825
Businesses Nearby
Explore this area
Business Placement
Demographics for 94610, CA
31,261
Population
17,926
Households
1.7
Avg Household Size
39
Median Age
73%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
14,886
Density / Sq Mi
$130,435
Median Household Income
$90,577
Median Earnings
$2,184
Median Rent
$1,324,500
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 - Duplex on a large lot offering a split-level 2-bedroom cottage plus an attached studio with in-unit laundry.
Where is this duplex located?
The property is located at 10351037 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 featuring a split‑level 2‑bedroom, 2‑bath cottage plus an attached studio; Split‑level cottage includes a bright living room, spacious kitchen with ample cabinetry, and a private deck; Cottage layout includes an upper‑level bedroom and a hall bath created from a partitioned section of the original garage
