Renovated Two-Home Corner
For Sale
$1,395,000
4201 Redding St, Oakland, CA 94619
Two renovated detached residences with separate entrances and yards offer flexible living or residential income use.
Property Size2,082 SF
Price / SF$670.03
Days on Market47
Property Features for 4201 Redding St
General Information
Standard status
Active
Size
2,082 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1923
Listing Agency:
Highland Partners
(510) 719-6406
Listed By:
Phillip L. Fair · License #00770636
(510) 719-6406
Source:
Elliman
Added: Jun 22
Changed: Jul 10
Last Checked: Aug 7 at 3:51AM
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 Highland Partners
Investment Insights
Based on property information with market context.
This offering features one lot improved with two renovated detached homes on a corner setting, with each residence having its own entrance and a nicely sized yard. The combined layout includes 4+ bedrooms and 2 bathrooms across the two units. Both homes have been updated with thermal pane windows, refinished hardwood floors, new plumbing, and new forced air furnaces. Each remodeled kitchen includes new vinyl plank flooring, new appliances and related features, and quartz countertops. Bathrooms have been refreshed with new tile floors, bathtubs, toilets, and vanities, and both homes have been freshly painted inside and out.
The property is described as 4201-4203 Redding Street, with 4201 functioning as the original 2/1 home. It has a gated driveway and a fenced rear yard. 4203 is described as a 2+/1 home moved onto the lot, with a 2-car parking pad, fenced front and back yards, and a new concrete patio in the rear yard. The listing notes a WalkScore of 90 and convenience to MacArthur Boulevard, a central commercial corridor for local shops, services, and community events.
With detached separation, the property is well suited for a variety of residential ownership goals, including multigenerational living, an owner-occupant setup alongside rental income, or an investor seeking a two-unit detached configuration in an established Oakland neighborhood.
The property is described as 4201-4203 Redding Street, with 4201 functioning as the original 2/1 home. It has a gated driveway and a fenced rear yard. 4203 is described as a 2+/1 home moved onto the lot, with a 2-car parking pad, fenced front and back yards, and a new concrete patio in the rear yard. The listing notes a WalkScore of 90 and convenience to MacArthur Boulevard, a central commercial corridor for local shops, services, and community events.
With detached separation, the property is well suited for a variety of residential ownership goals, including multigenerational living, an owner-occupant setup alongside rental income, or an investor seeking a two-unit detached configuration in an established Oakland neighborhood.
Key Highlights
- Two renovated detached homes on one corner lot in Oakland’s Laurel District (year built 1923).
- Combined approx. 2,082 SF with 4+ bedrooms and 2 bathrooms, each home has its own entrance.
- Updated building systems and finishes: thermal pane windows, refinished hardwood floors, new plumbing, and new forced air furnaces.
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
$47,715
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
3.42%
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%
$954,300
$954.3K
Cap Rate 7%
$681,643
$681.6K
Cap Rate 9%
$530,167
$530.2K
Market Conditions
NOI Build-Up for 2,082 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
$71.2K $34.20/SF
− Vacancy
−$3.0K −$1.46/SF
EGI
$68.2K $32.74/SF
− OpEx
−$20.4K −$9.82/SF
NOI
$47.7K $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%
$954,300
Cap Rate 7%
$681,643
Cap Rate 9%
$530,167
Alternative Uses
Best Use
Multifamily LT 5
$681.6K
$596.4K – $795.3K
NOI $47,715 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$628.0K
$549.5K – $732.7K
NOI $43,962 @ 7.0% cap · market cap 3.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 94619, CA
24,867
Population
10,348
Households
2.4
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
8.3 sq mi
ZIP Area
2,996
Density / Sq Mi
$129,879
Median Household Income
$65,351
Median Earnings
$2,131
Median Rent
$997,300
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?
Duplex - Two renovated detached residences with separate entrances and yards offer flexible living or residential income use.
Where is this duplex located?
The property is located at 4201 Redding St Oakland, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Two renovated detached homes on one corner lot in Oakland’s Laurel District (year built 1923).; Combined approx. 2,082 SF with 4+ bedrooms and 2 bathrooms, each home has its own entrance.; Updated building systems and finishes: thermal pane windows, refinished hardwood floors, new plumbing, and new forced air furnaces.
