East Oakland Triplex Investment
For Sale
$499,000
10419 San Leandro St, Oakland, CA 94603
Triplex in East Oakland with income potential and convenient access.
Property Size2,284 SF
Price / SF$218.48
Days on Market164
Property Features for 10419 San Leandro St
General Information
Standard status
Active
Size
2,284 SF
Property subtype
Multi Family
Building Details
Year Built
1949
Listing Agency:
RILEY- RILEY REAL ESTATE
(415) 316-0011
Listed By:
Dana Riley · License #01183691
(510) 812-5535
Source:
Exitrealty
Added: Mar 24
Changed: Sep 2
Last Checked: Sep 2 at 3:26PM
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 RILEY- RILEY REAL ESTATE
Investment Insights
Based on property information with market context.
This triplex is located in East Oakland and presents an opportunity for investors or owner-users. The property includes three units, totaling approximately 2,284 square feet. The location on San Leandro Street provides access to I-880 and nearby transit options. On-site space is available for parking. This property may be a portfolio addition in a growing area.
Key Highlights
- Triplex in East Oakland offering multiple income streams.
- Strong opportunity for investors or owner‑users.
- Convenient access to I‑880 and nearby transit.
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
$43,268
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
8.67%
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%
$865,360
$865.4K
Cap Rate 7%
$618,114
$618.1K
Cap Rate 9%
$480,756
$480.8K
Market Conditions
NOI Build-Up for 2,284 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
$83.9K $36.72/SF
− Vacancy
−$5.2K −$2.28/SF
EGI
$78.7K $34.44/SF
− OpEx
−$35.4K −$15.50/SF
NOI
$43.3K $18.94/SF
Area
ZIP 94603
Vacancy
6.20%
Lease Rate
$36.72 /SF/Yr
Expense Ratio
45.00%
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%
$865,360
Cap Rate 7%
$618,114
Cap Rate 9%
$480,756
Alternative Uses
Best Use
Multifamily LT 5
$666.3K
$583.0K – $777.3K
NOI $46,640 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$618.1K
$540.9K – $721.1K
NOI $43,268 @ 7.0% cap · market cap 8.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 94603, CA
36,681
Population
11,199
Households
3.3
Avg Household Size
32
Median Age
15%
College-Educated
69%
High-School Grad
2.7 sq mi
ZIP Area
13,586
Density / Sq Mi
$71,086
Median Household Income
$37,025
Median Earnings
$1,838
Median Rent
$596,100
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?
Triplex - Triplex in East Oakland with income potential and convenient access.
Where is this triplex located?
The property is located at 10419 San Leandro St Oakland, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Triplex in East Oakland offering multiple income streams.; Strong opportunity for investors or owner‑users.; Convenient access to I‑880 and nearby transit.
