Vacant Two-Unit
For Sale
$798,000
241-245 Monte Vista Avenue, Oakland, CA 94611
Two separate homes provide private entrances, laundry, and outdoor areas for flexible occupancy.
Property Size2,313 SF
Days on Market15
Property Features for 241-245 Monte Vista Avenue
General Information
Standard status
Active
Size
2,313 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
private roof deck
private yard
in-unit laundry
Building Details
Building Size
2,313 SF
Year Built
1956
Buildings
1
Listing Agency:
KW Advisors
Listed By:
Jennifer Rosdail · License #01349379
(415) 269-4663
Source:
Bonniespindler
Added: Sep 11
Changed: Sep 17
Last Checked: Sep 24 at 7:17PM
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 KW Advisors
Investment Insights
Based on property information with market context.
Built in 1956, this vacant duplex contains two distinct residences, each with its own entrance, laundry facilities, and private outdoor space. The upper home includes two bedrooms and one bathroom, wood-clad ceilings, broad windows, an open living and dining area, updated kitchen and bath, generous closets, and a roof deck. The lower residence offers three bedrooms and one bathroom, refreshed kitchen and bath areas, expansive living and dining rooms, ample storage, a dedicated laundry room, and direct access to a private yard.
A side-by-side two-car garage and additional storage support the property. The homes are positioned near Piedmont Avenue, with shops, restaurants, cafes, and neighborhood services nearby. The property is located at 241-245 Monte Vista Avenue in Oakland, California.
A side-by-side two-car garage and additional storage support the property. The homes are positioned near Piedmont Avenue, with shops, restaurants, cafes, and neighborhood services nearby. The property is located at 241-245 Monte Vista Avenue in Oakland, California.
Key Highlights
- Vacant duplex with two separate residences
- Upper unit includes 2 bedrooms, 1 bath, roof deck, and private outdoor space
- Lower unit features 3 bedrooms, 1 bath, dedicated laundry, and private yard
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
$42,676
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
5.35%
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%
$853,520
$853.5K
Cap Rate 7%
$609,657
$609.7K
Cap Rate 9%
$474,178
$474.2K
Market Conditions
NOI Build-Up for 2,313 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
$63.8K $27.60/SF
− Vacancy
−$2.9K −$1.24/SF
EGI
$61.0K $26.36/SF
− OpEx
−$18.3K −$7.91/SF
NOI
$42.7K $18.45/SF
Area
ZIP 94611
Vacancy
4.50%
Lease Rate
$27.60 /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%
$853,520
Cap Rate 7%
$609,657
Cap Rate 9%
$474,178
Alternative Uses
Best Use
Multifamily LT 5
$609.7K
$533.5K – $711.3K
NOI $42,676 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$564.1K
$493.6K – $658.1K
NOI $39,487 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$974.4K
$852.6K – $1.14M
NOI $68,206 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes provide private entrances, laundry, and outdoor areas for flexible occupancy.
Where is this duplex located?
The property is located at 241-245 Monte Vista Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Vacant duplex with two separate residences; Upper unit includes 2 bedrooms, 1 bath, roof deck, and private outdoor space; Lower unit features 3 bedrooms, 1 bath, dedicated laundry, and private yard
