Two-House Multifamily
New
For Sale
$749,000
1336 83Rd Ave, Oakland, CA 94621
Fully occupied residential income property with separate utility metering and two matching four-bedroom homes.
Property Size3,044 SF
Lot Size0.22 Acres
Price / SF$246.06
Days on Market3
Property Features for 1336 83Rd Ave
General Information
Standard status
Active
Size
3,044 SF
Net Rentable
3,044 SF
Lot size
0.22 Acres
Property subtype
Multi Family
Occupancy
100%
Financials
Cap Rate
6.89%
Gross Rent Multiplier
10.58
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
1907
Buildings
2
Listing Agency:
The Pinza Group, Inc
(510) 725-4775
Listed By:
David Howarth · License #01360348
(510) 822-1331
Source:
Exitrealty
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 4 at 2:21PM
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 The Pinza Group, Inc
Investment Insights
Based on property information with market context.
This multifamily property comprises two houses on one parcel, each offering 4 bedrooms and 2 bathrooms. The buildings provide 3,044 square feet of rental space and were originally constructed in 1907. Both interiors and exteriors are described as being in great condition, with minimal deferred maintenance. The 9,750-square-foot lot includes room for tenant parking.
The property is 100% occupied, with separate electric, gas, and water meters for each residence. Current operating metrics include a 6.89% cap rate and a 10.58 GRM. The Oakland location places the property near restaurants, coffee shops, shopping, parks, schools, and neighborhood services. BART access is available nearby, including the Coliseum BART Station, while multiple AC Transit routes serve the surrounding area.
The property is 100% occupied, with separate electric, gas, and water meters for each residence. Current operating metrics include a 6.89% cap rate and a 10.58 GRM. The Oakland location places the property near restaurants, coffee shops, shopping, parks, schools, and neighborhood services. BART access is available nearby, including the Coliseum BART Station, while multiple AC Transit routes serve the surrounding area.
Key Highlights
- Two houses on one parcel, each with 4 bedrooms and 2 bathrooms
- 3,044 square feet of rental space on a 9,750‑square‑foot lot
- 100% occupied with a 6.89% cap rate and 10.58 GRM
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
$64,274
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
8.58%
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%
$1,285,480
$1.3M
Cap Rate 7%
$918,200
$918.2K
Cap Rate 9%
$714,156
$714.2K
Market Conditions
NOI Build-Up for 3,044 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
$122.4K $40.20/SF
− Vacancy
−$5.5K −$1.81/SF
EGI
$116.9K $38.39/SF
− OpEx
−$52.6K −$17.28/SF
NOI
$64.3K $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 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%
$1,285,480
Cap Rate 7%
$918,200
Cap Rate 9%
$714,156
Alternative Uses
Best Use
Apartment 5plus
$918.2K
$803.4K – $1.07M
NOI $64,274 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$996.6K
$872.0K – $1.16M
NOI $69,762 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
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?
Multifamily property - Fully occupied residential income property with separate utility metering and two matching four-bedroom homes.
Where is this multifamily property located?
The property is located at 1336 83Rd Ave Oakland, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two houses on one parcel, each with 4 bedrooms and 2 bathrooms; 3,044 square feet of rental space on a 9,750‑square‑foot lot; 100% occupied with a 6.89% cap rate and 10.58 GRM
