Residential Income
For Sale
$799,950
2415 109Th Ave, Oakland, CA 94603
A compact residential income asset with off-street parking in Oakland.
Property Size1,980 SF
Price / SF$404.02
Days on Market14
Property Features for 2415 109Th Ave
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Residential Income
Amenities
Ceiling Fan(s)
Forced Air
Gas Water Heater
Off Street
Building Details
Building Size
1,980 SF
Year Built
1922
Listed By:
Bert Aranda
(510) 507-2396
Source:
Evrealestate
Added: Oct 2
Changed: Oct 13
Last Checked: Oct 14 at 10:58PM
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 Bert Aranda
Investment Insights
Based on property information with market context.
Built in 1922, this residential income property contains 1,980 square feet. Interior features include ceiling fans, forced-air heating, and a gas water heater, with off-street parking provided.
The property is located on 109th Avenue in Oakland, Alameda County. Bancroft provides the stated route to the property.
The property is located on 109th Avenue in Oakland, Alameda County. Bancroft provides the stated route to the property.
Key Highlights
- 1,980‑square‑foot residential income property
- Built in 1922
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,509
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,180
$750.2K
Cap Rate 7%
$535,843
$535.8K
Cap Rate 9%
$416,767
$416.8K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$72.7K $36.72/SF
− Vacancy
−$4.5K −$2.28/SF
EGI
$68.2K $34.44/SF
− OpEx
−$30.7K −$15.50/SF
NOI
$37.5K $18.94/SF
Area
ZIP 94603
Vacancy
6.20%
Lease Rate
$36.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,180
Cap Rate 7%
$535,843
Cap Rate 9%
$416,767
Alternative Uses
Best Use
Apartment 5plus
$535.8K
$468.9K – $625.2K
NOI $37,509 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$577.6K
$505.4K – $673.9K
NOI $40,432 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
Demographics for 94603, CA
36,681
Population
11,199
Households
3.3
Avg Household Size
32
Median Age
15%
College-Educated
69%
High-School Grad
2.7 sq mi
ZIP Area
13,586
Density / Sq Mi
$71,086
Median Household Income
$37,025
Median Earnings
$1,838
Median Rent
$596,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A compact residential income asset with off-street parking in Oakland.
Where is this residential income property located?
The property is located at 2415 109Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $799,950.
What are key features of this property?
This property features: 1,980‑square‑foot residential income property; Built in 1922; Off‑street parking
