Updated Duplex in
For Sale
$475,000
2017 27Th Ave, Oakland, CA 94601
Updated duplex featuring new kitchens, flooring, and systems.
Property Size1,008 SF
Days on Market454
Property Features for 2017 27Th Ave
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Duplex
Building Details
Building Size
1,008 SF
Year Built
1908
Listing Agency:
CROWN REALTY
Listed By:
Robert Leitao
(510) 406-4184
Source:
Coastandcore
Added: Jun 7, 2025
Changed: Aug 23
Last Checked: Sep 2 at 12:55AM
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 CROWN REALTY
Investment Insights
Based on property information with market context.
This duplex has been updated with new features. Updates include new windows, new flooring, two new kitchens, one new wall furnace, and one new water heater. The property also benefits from a new sewer lateral and new paint, both inside and out.
Key Highlights
- Two new kitchens offer flexibility for tenants or multi‑generational living.
- New sewer lateral ensures reliable plumbing and avoids costly repairs.
- New windows improve energy efficiency and reduce noise.
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
$23,118
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
4.87%
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%
$462,360
$462.4K
Cap Rate 7%
$330,257
$330.3K
Cap Rate 9%
$256,867
$256.9K
Market Conditions
NOI Build-Up for 1,008 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
$34.5K $34.20/SF
− Vacancy
−$1.4K −$1.44/SF
EGI
$33.0K $32.76/SF
− OpEx
−$9.9K −$9.83/SF
NOI
$23.1K $22.93/SF
Area
ZIP 94601
Vacancy
4.20%
Lease Rate
$34.20 /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%
$462,360
Cap Rate 7%
$330,257
Cap Rate 9%
$256,867
Alternative Uses
Best Use
Multifamily LT 5
$330.3K
$289.0K – $385.3K
NOI $23,118 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$306.6K
$268.3K – $357.7K
NOI $21,462 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$410.9K
$359.5K – $479.4K
NOI $28,761 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
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 - Updated duplex featuring new kitchens, flooring, and systems.
Where is this duplex located?
The property is located at 2017 27Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two new kitchens offer flexibility for tenants or multi‑generational living.; New sewer lateral ensures reliable plumbing and avoids costly repairs.; New windows improve energy efficiency and reduce noise.
