Classic Duplex with Finished Lower
For Sale
$925,000
1070-1072 Aileen St, Oakland, CA 94608
Two one-bedroom units feature preserved period details, updated kitchen finishes, separate utilities, and shared laundry facilities.
Property Size2,204 SF
Lot Size0.11 Acres
Price / SF$419.69
Days on Market15
Property Features for 1070-1072 Aileen St
General Information
Standard status
Active
Size
2,204 SF
Total Parking Spaces
1
Lot size
0.11 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BD/1BA
Multifamily Units
2
Amenities
shared laundry/mudroom
fully fenced backyard
mature garden beds
level lawn
brick-paved patio
Building Details
Year Built
1923
Buildings
1
Listing Agency:
Winkler Real Estate Group
(510) 849-7208
Listed By:
Terrence Sims Jr · License #01960291
(510) 849-7208
Source:
Exitrealty
Added: Jul 31
Changed: Aug 14
Last Checked: Aug 14 at 6:34AM
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 Winkler Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1923, this duplex contains two 1BD/1BA units within a 2,204-square-foot property on a 4,800-square-foot lot. Each residence includes separate living and dining rooms, refinished hardwood flooring, built-in shelving, a tiled fireplace, vintage storage cabinetry, quartz kitchen countertops, and white cabinetry. Separate utility meters serve the units.
Both residences connect to finished, unpermitted lower-level areas. The lower levels open to a shared laundry and mudroom with a utility sink, along with an attached one-car garage. Exterior improvements include a fully fenced backyard with mature garden beds, level lawn area, and brick-paved patio.
The property is located at 1070-1072 Aileen St in Oakland, just off San Pablo Ave and near the Emeryville border. I-80, Berkeley, and Emeryville dining and shopping districts are accessible from the property.
Both residences connect to finished, unpermitted lower-level areas. The lower levels open to a shared laundry and mudroom with a utility sink, along with an attached one-car garage. Exterior improvements include a fully fenced backyard with mature garden beds, level lawn area, and brick-paved patio.
The property is located at 1070-1072 Aileen St in Oakland, just off San Pablo Ave and near the Emeryville border. I-80, Berkeley, and Emeryville dining and shopping districts are accessible from the property.
Key Highlights
- Duplex built in 1923 with two 1BD/1BA units
- 2,204 sq. ft. property on a 4,800 sq. ft. lot
- Finished, unpermitted lower‑level spaces connected to both units
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
$50,511
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
5.46%
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%
$1,010,220
$1.0M
Cap Rate 7%
$721,586
$721.6K
Cap Rate 9%
$561,233
$561.2K
Market Conditions
NOI Build-Up for 2,204 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
$75.4K $34.20/SF
− Vacancy
−$3.2K −$1.46/SF
EGI
$72.2K $32.74/SF
− OpEx
−$21.6K −$9.82/SF
NOI
$50.5K $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 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%
$1,010,220
Cap Rate 7%
$721,586
Cap Rate 9%
$561,233
Alternative Uses
Best Use
Multifamily LT 5
$721.6K
$631.4K – $841.9K
NOI $50,511 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$664.8K
$581.7K – $775.6K
NOI $46,538 @ 7.0% cap · market cap 5.03%
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
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
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 - Two one-bedroom units feature preserved period details, updated kitchen finishes, separate utilities, and shared laundry facilities.
Where is this duplex located?
The property is located at 1070-1072 Aileen St Oakland, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Duplex built in 1923 with two 1BD/1BA units; 2,204 sq. ft. property on a 4,800 sq. ft. lot; Finished, unpermitted lower‑level spaces connected to both units
