Duplex with Private Outdoor
New
For Sale
$599,000
2364 E 16th Street, Oakland, CA 94601
Both residences are vacant, with separate gas and electric meters and independent kitchens.
Property Size1,592 SF
Price / SF$376.26
Days on Market4
Property Features for 2364 E 16th Street
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Fruitvale
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Amenities
gated entry
private outdoor space
Building Details
Buildings
1
Listing Agency:
Tuscana Properties
(888) 584-2084
Listed By:
Leena Zeidan
(510) 206-4302
Source:
Exprealty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:16PM
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.
This Oakland duplex contains two residences totaling 1,592 square feet. The upper unit has three bedrooms, one full bath and one half bath, plus a kitchen with stainless steel appliances. The lower unit includes two bedrooms, one bath and its own kitchen. Both residences are vacant. Gated entry, separate gas and electric meters, and private outdoor areas serve the property.
The property is at 2364 E 16th Street, with access to I-880. Its two-unit layout combines separate living spaces and kitchens within one duplex.
The property is at 2364 E 16th Street, with access to I-880. Its two-unit layout combines separate living spaces and kitchens within one duplex.
Key Highlights
- Two residences totaling 1,592 square feet
- Upper unit: 3 bedrooms, 1.5 baths and stainless steel kitchen appliances
- Lower unit: 2 bedrooms, 1 bath and a separate kitchen
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?
See the owner, sales and loan history
Open Analytics
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with separate gas and electric meters and independent kitchens.
Where is this duplex located?
The property is located at 2364 E 16th Street 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 and stainless steel kitchen appliances; Lower unit: 2 bedrooms, 1 bath and a separate kitchen
