Oakland Multifamily Property for
1220 62nd St Oakland, CA 94608
1220 62nd St, Oakland, CA, 94608
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For Sale
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Multifamily property in Oakland, CA, with 2,100 square feet.
Property Size2,100 SF
Price / SF$690
Days on Market142
Property Features for 1220 62nd St
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing Agency
Red Oak Realty
Listed by
Eli Fletcher · License #1724665
Source
Crexi
Added: Feb 28 Checked: Jul 19 at 2:42 am
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
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.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.4k | $40.20 |
| − Vacancy | −$3.8k | −$1.81 |
| EGI | $80.6k | $38.39 |
| − OpEx | −$36.3k | −$17.28 |
| NOI | $44.3k | $21.12 |
2,100 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$633.5K
$554.3K – $739.0K
NOI $44,342 @ 7.0% cap · market cap 3.06%
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 3.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Emeryville Taxicab
Courier Service
Similar For Sale Nearby
FAQs
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 $1,449,000.
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.
