Updated Duplex with Original
New
For Sale
$799,000
1285 55Th St, Emeryville, CA 94608
Two-unit property with refreshed interiors near shopping, dining, major freeways, and BART.
Property Size2,081 SF
Price / SF$383.95
Days on Market7
Property Features for 1285 55Th St
General Information
Standard status
Active
Size
2,081 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1916
Listing Agency:
Corcoran Icon Properties
(510) 816-9693
Listed By:
Michael Stephens · License #01186416
(510) 816-9693
Source:
Exitrealty
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 10 at 5:25AM
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 Corcoran Icon Properties
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,081 square feet and dates to 1916. Recent improvements include fresh interior paint, refinished hardwood flooring, and new carpeting, while original wood paneling remains an interior feature. The configuration supports either owner occupancy with rental income from the second unit or continued use as a two-unit investment property.
The property is near the shopping and dining at Bay Street and the Emeryville Public Market. Major freeways and BART are also nearby, providing access to San Francisco and the East Bay.
The property is near the shopping and dining at Bay Street and the Emeryville Public Market. Major freeways and BART are also nearby, providing access to San Francisco and the East Bay.
Key Highlights
- Two‑unit duplex with 2,081 square feet
- Built in 1916
- Fresh interior paint, refinished hardwood floors, and new carpeting
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
$69,849
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
8.74%
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%
$1,396,980
$1.4M
Cap Rate 7%
$997,843
$997.8K
Cap Rate 9%
$776,100
$776.1K
Market Conditions
NOI Build-Up for 2,081 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
$106.1K $51.00/SF
− Vacancy
−$6.3K −$3.05/SF
EGI
$99.8K $47.95/SF
− OpEx
−$29.9K −$14.39/SF
NOI
$69.8K $33.57/SF
Area
Alameda County, CA
Vacancy
5.98%
Lease Rate
$51.00 /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%
$1,396,980
Cap Rate 7%
$997,843
Cap Rate 9%
$776,100
Alternative Uses
Best Use
Multifamily LT 5
$997.8K
$873.1K – $1.16M
NOI $69,849 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$430.7K
$376.8K – $502.4K
NOI $30,146 @ 7.0% cap · market cap 3.77%
Theoretical Best
Retail
$9.49M
$8.30M – $11.07M
NOI $664,102 @ 7.0% cap · market cap 83.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,964
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?
Duplex - Two-unit property with refreshed interiors near shopping, dining, major freeways, and BART.
Where is this duplex located?
The property is located at 1285 55Th St Emeryville, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,081 square feet; Built in 1916; Fresh interior paint, refinished hardwood floors, and new carpeting
