Fully Occupied Three-Unit
For Sale
$635,000
1625 7th ave, Oakland, CA 94606
Occupied three-unit apartment property with individually metered gas and electricity and proximity to Lake Merritt.
Property Size1,498 SF
Lot Size0.09 Acres
Price / SF$423.90
Days on Market182
Property Features for 1625 7th ave
General Information
Standard status
Active
Size
1,498 SF
Lot size
0.09 Acres
Property subtype
Triplex
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x Studio
Multifamily Units
3
Building Details
Building Size
1,498 SF
Year Built
1908
Listing Agency:
RL Dynasty Realty & Development Inc
Listed By:
Liberty Uy, · License #02084648
(415) 613-4053
Source:
Coastandcore
Added: Apr 17
Changed: Sep 30
Last Checked: Oct 15 at 7:17AM
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 RL Dynasty Realty & Development Inc
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Investment Insights
Based on property information with market context.
Built in 1908, this triplex contains three occupied apartment units within a 1,498-square-foot building on a 4,125-square-foot parcel. The unit mix includes two two-bedroom, one-bath apartments and one studio. A possible one-bedroom, one-bath ADU is identified for Unit D.
The property is located in Oakland, approximately a 9-minute walk from Lake Merritt, with access to walking paths, outdoor recreation, BART, major freeways, Downtown Oakland, Uptown, and Berkeley. Gas and electricity are separately metered for each unit. A new roof was completed in October 2019, adding a documented capital improvement to the property.
The property is located in Oakland, approximately a 9-minute walk from Lake Merritt, with access to walking paths, outdoor recreation, BART, major freeways, Downtown Oakland, Uptown, and Berkeley. Gas and electricity are separately metered for each unit. A new roof was completed in October 2019, adding a documented capital improvement to the property.
Key Highlights
- Fully occupied 3‑unit apartment building
- 1,498 Sqft building area on a 4,125 Sqft parcel
- Unit mix includes two 2‑bedroom, 1‑bath units and one studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,201
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,020
$644.0K
Cap Rate 7%
$460,014
$460.0K
Cap Rate 9%
$357,789
$357.8K
Market Conditions
NOI Build-Up for 1,498 SF
Gross rent
$48.5K $32.40/SF
− Vacancy
−$2.5K −$1.69/SF
EGI
$46.0K $30.71/SF
− OpEx
−$13.8K −$9.21/SF
NOI
$32.2K $21.50/SF
Area
ZIP 94606
Vacancy
5.22%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,020
Cap Rate 7%
$460,014
Cap Rate 9%
$357,789
Alternative Uses
Best Use
Multifamily LT 5
$460.0K
$402.5K – $536.7K
NOI $32,201 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$420.4K
$367.9K – $490.5K
NOI $29,431 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$682.4K
$597.1K – $796.1K
NOI $47,767 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,580
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Occupied three-unit apartment property with individually metered gas and electricity and proximity to Lake Merritt.
Where is this triplex located?
The property is located at 1625 7th ave Oakland, CA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Fully occupied 3‑unit apartment building; 1,498 Sqft building area on a 4,125 Sqft parcel; Unit mix includes two 2‑bedroom, 1‑bath units and one studio
