Fully Occupied Three-Unit
For Sale
$750,000
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$500.67
Days on Market137
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
(415) 613-4053
Listed By:
Liberty Uy · License #02084648
(415) 613-4053
Source:
Coastandcore
Added: Apr 17
Changed: Aug 31
Last Checked: Aug 30 at 10:03PM
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
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 = 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
$32,201
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
4.29%
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%
$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
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
$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 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%
$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 4.29%
Second Best
Apartment 5plus
$420.4K
$367.9K – $490.5K
NOI $29,431 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$682.4K
$597.1K – $796.1K
NOI $47,767 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 $750,000.
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
