Updated Triplex With Vintage
New
For Sale
$1,499,999
1160 Powell St, Oakland, CA 94608
Three-unit property combining a character-rich main residence with two remodeled lower-level units and flexible occupancy options.
Property Size2,184 SF
Days on Market5
Property Features for 1160 Powell St
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Investment
Building Details
Building Size
2,184 SF
Year Built
1924
Stories
2
Units
3
Listing Agency:
KK&G Inc. DBA Kappel Gateway Realty
Listed By:
Monique Kenner
(925) 305-5767
Source:
Elliman
Added: Sep 18
Last Checked: Sep 21 at 9:59AM
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 KK&G Inc. DBA Kappel Gateway Realty
Investment Insights
Based on property information with market context.
This 1924 triplex includes a 3-bedroom, 1-bath main residence with high ceilings, crown molding, skylights, French doors, built-in features, hardwood flooring, updated windows, a gas fireplace, and an expanded eat-in kitchen. The lower level contains a remodeled studio and a remodeled 1-bedroom apartment, both scheduled for delivery vacant. The original bathroom retains vintage character, while system and infrastructure improvements add to the property’s updated profile.
Outdoor features include a private backyard with mature fruit trees, rose bushes, drip irrigation, a new shed, a concrete sitting area, and gated access to the lower-level units. The property is located at 1160 Powell St on the Oakland/Emeryville border, near Pixar Animation Studios and close to dining, shopping, transportation, and the East Bay technology corridor. A potential additional living area or ADU is identified for buyer verification.
Outdoor features include a private backyard with mature fruit trees, rose bushes, drip irrigation, a new shed, a concrete sitting area, and gated access to the lower-level units. The property is located at 1160 Powell St on the Oakland/Emeryville border, near Pixar Animation Studios and close to dining, shopping, transportation, and the East Bay technology corridor. A potential additional living area or ADU is identified for buyer verification.
Key Highlights
- 1924 triplex with 3‑bedroom, 1‑bath main residence
- Remodeled non‑conforming studio and 1‑bedroom lower‑level units
- Both lower‑level units to be delivered vacant
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
$50,052
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
3.34%
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%
$1,001,040
$1.0M
Cap Rate 7%
$715,029
$715.0K
Cap Rate 9%
$556,133
$556.1K
Market Conditions
NOI Build-Up for 2,184 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
$74.7K $34.20/SF
− Vacancy
−$3.2K −$1.46/SF
EGI
$71.5K $32.74/SF
− OpEx
−$21.5K −$9.82/SF
NOI
$50.1K $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%
$1,001,040
Cap Rate 7%
$715,029
Cap Rate 9%
$556,133
Alternative Uses
Best Use
Multifamily LT 5
$715.0K
$625.7K – $834.2K
NOI $50,052 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$658.8K
$576.4K – $768.6K
NOI $46,115 @ 7.0% cap · market cap 3.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,926
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?
Triplex - Three-unit property combining a character-rich main residence with two remodeled lower-level units and flexible occupancy options.
Where is this triplex located?
The property is located at 1160 Powell St Oakland, CA.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 1924 triplex with 3‑bedroom, 1‑bath main residence; Remodeled non‑conforming studio and 1‑bedroom lower‑level units; Both lower‑level units to be delivered vacant
