Oakland Multifamily Property for
1220 62Nd St, Oakland, CA 94608
For Sale
$1,249,000
Multifamily property in Oakland, CA, with 2,100 square feet.
Property Size2,100 SF
Price / SF$594.76
Days on Market252
Property Features for 1220 62Nd St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Dryer
Washer
Access - Side Yard
Carpet - Partial Flooring
Composition Roof
Corner
Wall Furnace Heating
Building Details
Year Built
Listing Agency:
RED OAK REALTY
(510) 292-2000
Listed By:
ELIJAH FLETCHER · License #1933235
(510) 882-1927
Source:
Corcoran
Added: Mar 2
Changed: Oct 25
Last Checked: Nov 6 at 8:42AM
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 RED OAK REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is located in Oakland, CA. The property offers 2,100 square feet of space. It is classified as a residential income property and is currently for sale.
Key Highlights
- Multifamily property: Ideal for investors or owner‑occupants seeking rental income.
- Located in Oakland, CA: Benefit from a vibrant city with strong rental demand.
- 2,100 square feet: Offers ample living space for multiple units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,342
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,840
$886.8K
Cap Rate 7%
$633,457
$633.5K
Cap Rate 9%
$492,689
$492.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$84.4K $40.20/SF
− Vacancy
−$3.8K −$1.81/SF
EGI
$80.6K $38.39/SF
− OpEx
−$36.3K −$17.28/SF
NOI
$44.3K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,840
Cap Rate 7%
$633,457
Cap Rate 9%
$492,689
Alternative Uses
Best Use
Apartment 5plus
$633.5K
$554.3K – $739.0K
NOI $44,342 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$687.5K
$601.6K – $802.1K
NOI $48,127 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,843
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
$826,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Oakland, CA
Properties on Market for Multifamily properties in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property in Oakland, CA, with 2,100 square feet.
Where is this multifamily property located?
The property is located at 1220 62Nd St Oakland, CA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Multifamily property: Ideal for investors or owner‑occupants seeking rental income.; Located in Oakland, CA: Benefit from a vibrant city with strong rental demand.; 2,100 square feet: Offers ample living space for multiple units.
