Duplex with Separate
For Sale
$895,000
1123 65th St, Oakland, CA 94608
Two residences have private entrances, individual utility service, and basement space.
Property Size1,538 SF
Price / SF$581.92
Days on Market68
Property Features for 1123 65th St
General Information
Standard status
Active
Size
1,538 SF
Property subtype
Multi Family Home
Zoning
RM-3
Site & Location
Neighborhood
North Oakland
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
Back Yard
Entry Gate
Storage Area
Building Details
Building Size
1,538 SF
Year Built
1925
Buildings
2
Listing Agency:
KW Advisors East Bay
(510) 775-1079
Listed By:
Liz Rush · License #01445284
(510) 689-6921
Source:
Equityfirstre
Added: Aug 22
Changed: Oct 26
Last Checked: Oct 26 at 3:35AM
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 KW Advisors East Bay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property contains two homes, each with a private entrance and separate utilities. The front residence has off-street parking and a high-ceiling basement; the rear residence includes a usable basement and frontage on Peabody Lane. Interiors have been updated, and both homes are tenant-occupied. RM-3 zoning applies to the property, and the front basement has been identified as having ADU conversion potential.
The property is one block from Emeryville and two blocks from Berkeley, with access to I-80 and I-580. Berkeley Bowl West, Bay Street, and Emeryville Public Market are also noted nearby. The property dates to 1925.
The property is one block from Emeryville and two blocks from Berkeley, with access to I-80 and I-580. Berkeley Bowl West, Bay Street, and Emeryville Public Market are also noted nearby. The property dates to 1925.
Key Highlights
- Two homes with private entrances and separate utilities
- RM‑3 zoning
- Front residence includes off‑street parking and a high‑ceiling basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,248
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,960
$705.0K
Cap Rate 7%
$503,543
$503.5K
Cap Rate 9%
$391,644
$391.6K
Market Conditions
NOI Build-Up for 1,538 SF
Gross rent
$52.6K $34.20/SF
− Vacancy
−$2.2K −$1.46/SF
EGI
$50.4K $32.74/SF
− OpEx
−$15.1K −$9.82/SF
NOI
$35.2K $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%
$704,960
Cap Rate 7%
$503,543
Cap Rate 9%
$391,644
Alternative Uses
Best Use
Multifamily LT 5
$503.5K
$440.6K – $587.5K
NOI $35,248 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$463.9K
$405.9K – $541.3K
NOI $32,475 @ 7.0% cap · market cap 3.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,801
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences have private entrances, individual utility service, and basement space.
Where is this duplex located?
The property is located at 1123 65th St Oakland, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two homes with private entrances and separate utilities; RM‑3 zoning; Front residence includes off‑street parking and a high‑ceiling basement
