Oakland Tri-Level with ADU
For Sale
$599,000
1416 12th St., Oakland, CA 94607
Residential Income, Oakland, CA
Property Size1,372 SF
Lot Size0.07 Acres
Price / SF$436.59
Days on Market327
Property Features for 1416 12th St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 2
Exterior features
Back Yard
Fencing
Fenced
Subdivision
West Oak
Lot features
Rectangular Lot
Standard status
Active
APN
4618
Size
1,372 SF
Lot size
0.07 Acres
Utilities
Heating system
Forced Air
Building Details
Year built
1893
Number of units
1
Flooring type
Carpet
Building materials
Stucco, Wood Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty
(925) 855-8333
Listed By:
Hayden Moran
(415) 730-0466
Added: Oct 2, 2025
Changed: Aug 19
Last Checked: Aug 24 at 9:06AM
MLS# 41113537
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Oakland tri-level property combines vintage character with modern updates, offering approximately 1,372 sq. ft. of finished living space with the opportunity for a second living unit below. This lower level provides flexibility for an ADU, guest suite, or workspace, which could bring the home to a generous 2,235 sq. ft. with the addition. Situated on a 3,080 sq. ft. lot in the vibrant East Bay, the home dates back to 1893 and retains its historic roots while showcasing improvements such as skylights, hardwood floors, new carpeting, updated lighting, and fresh paint. The primary living level opens to a spacious front room with lofty ceilings and a dramatic bay window. An airy kitchen and dining area feature granite counters, a full-height mosaic backsplash, and stainless steel appliances. This floor also includes three bedrooms, two full bathrooms and laundry with LG washer/dryer. Upstairs, a banister leads to a primary bedroom and additional bedroom/office filled with natural light, ideal for guests or a home office. The property is located in West Oakland, five blocks from BART with easy freeway access and has a large back yard.
Key Highlights
- Tri‑level home built in 1893 with approximately 1,372 sq. ft. of finished living space (potential to add a second unit to ~2,235 sq. ft.)
- Lower level offers a blank canvas for an ADU, guest suite, or workspace—adding flexibility to the existing layout
- East Bay West Oakland location, about five blocks from BART with easy freeway access
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
$28,970
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
4.84%
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%
$579,400
$579.4K
Cap Rate 7%
$413,857
$413.9K
Cap Rate 9%
$321,889
$321.9K
Market Conditions
NOI Build-Up for 1,372 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
$55.2K $40.20/SF
− Vacancy
−$2.5K −$1.81/SF
EGI
$52.7K $38.39/SF
− OpEx
−$23.7K −$17.28/SF
NOI
$29.0K $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%
$579,400
Cap Rate 7%
$413,857
Cap Rate 9%
$321,889
Alternative Uses
Best Use
Apartment 5plus
$413.9K
$362.1K – $482.8K
NOI $28,970 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$449.2K
$393.0K – $524.1K
NOI $31,443 @ 7.0% cap · market cap 5.25%
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
1,414
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Updated Oakland tri-level with ADU potential in vibrant West Oakland.
Where is this single family property located?
The property is located at 1416 12th St. Oakland, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Tri‑level home built in 1893 with approximately 1,372 sq. ft. of finished living space (potential to add a second unit to ~2,235 sq. ft.); Lower level offers a blank canvas for an ADU, guest suite, or workspace—adding flexibility to the existing layout; East Bay West Oakland location, about five blocks from BART with easy freeway access
