Duplex with Private Outdoor
2364 E 16th St, Oakland, CA 94601
For Sale
$599,000
Separate gas and electric meters serve the two currently vacant residences.
Property Size1,592 SF
Price / SF$376.26
Days on Market13
Property Features for 2364 E 16th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
gated entry
private outdoor space
Listing Agency:
Tuscana Properties
(888) 584-2084
Listed By:
Leena Zeidan · License CA #02180669
(510) 206-4302
Source:
Exprealty
Added: Oct 28
Changed: Nov 9
Last Checked: Nov 9 at 1:54PM
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 Tuscana Properties
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Investment Insights
Based on property information with market context.
At 2364 E 16th Street in Oakland, this 1,592-square-foot duplex contains two residences. The upper unit has three bedrooms, one and a half baths, an updated kitchen with stainless steel appliances, and naturally bright living areas. The lower unit includes two bedrooms, one bath, a kitchen, and a living area. Both units are vacant.
The property has gated entry, private outdoor space, and separate gas and electric meters for the residences. I-880 is accessible from the property.
The property has gated entry, private outdoor space, and separate gas and electric meters for the residences. I-880 is accessible from the property.
Key Highlights
- Two residences totaling 1,592 square feet
- Upper unit: 3 bedrooms, 1.5 baths, updated kitchen with stainless steel appliances
- Lower unit: 2 bedrooms, 1 bath, kitchen, and living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,512
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,240
$730.2K
Cap Rate 7%
$521,600
$521.6K
Cap Rate 9%
$405,689
$405.7K
Market Conditions
NOI Build-Up for 1,592 SF
Gross rent
$54.4K $34.20/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$52.2K $32.76/SF
− OpEx
−$15.6K −$9.83/SF
NOI
$36.5K $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 Rate 5%
$730,240
Cap Rate 7%
$521,600
Cap Rate 9%
$405,689
Alternative Uses
Best Use
Multifamily LT 5
$521.6K
$456.4K – $608.5K
NOI $36,512 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$484.2K
$423.7K – $565.0K
NOI $33,897 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$648.9K
$567.8K – $757.1K
NOI $45,424 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,203
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
$703,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Oakland, CA
Properties on Market for Duplexes in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve the two currently vacant residences.
Where is this duplex located?
The property is located at 2364 E 16th 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: Two residences totaling 1,592 square feet; Upper unit: 3 bedrooms, 1.5 baths, updated kitchen with stainless steel appliances; Lower unit: 2 bedrooms, 1 bath, kitchen, and living area
