Updated Triplex With Vintage
1160 Powell St, Oakland, CA 94608
For Sale
$1,450,000
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 Market53
Property Features for 1160 Powell St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
KK&G Inc. DBA Kappel Gateway Realty
Listed By:
Monique Kenner
(925) 305-5767
Source:
Elliman
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 8 at 5:40AM
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
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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 / Yr
$50,052
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
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
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 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 3.45%
Second Best
Apartment 5plus
$658.8K
$576.4K – $768.6K
NOI $46,115 @ 7.0% cap · market cap 3.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
$826,900
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Oakland, CA
Properties on Market for Triplexes in Oakland
Vacancy Rate% for Multifamily in West region
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 $1,450,000.
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
