2-Unit Duplex with Covered
For Sale
$700,000
2415 Seminary Avenue, Oakland, CA 94605
Each residence has a two-bedroom, one-bath layout, with updates completed in both units.
Property Size2,034 SF
Price / SF$344.15
Days on Market154
Property Features for 2415 Seminary Avenue
General Information
Standard status
Active
Size
2,034 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Site & Location
Neighborhood
Elmhurst
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
2,034 SF
Year Built
1925
Buildings
1
Units
2
Listing Agency:
Pacific Bay Estates
(707) 759-4251
Listed By:
Cassandra D Hall
(707) 975-7996
Source:
Kennonrealtyinc
Added: May 30
Changed: Oct 29
Last Checked: Oct 29 at 2:39PM
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 Pacific Bay Estates
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Investment Insights
Based on property information with market context.
This 2,034-square-foot duplex, built in 1925, contains two residences with matching two-bedroom, one-bathroom layouts. The upper unit has replaced flooring, while the lower unit's kitchen was updated a couple of years ago. Parking is available at the rear, along with a covered detached garage.
The property is near shopping, Oakland Unified School District, and Mills College, with access to Highways 80, 580, 24, and 13. The seller covers water and garbage; tenants pay for electricity.
The property is near shopping, Oakland Unified School District, and Mills College, with access to Highways 80, 580, 24, and 13. The seller covers water and garbage; tenants pay for electricity.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,034 square feet; built in 1925
- Upper unit flooring replaced; lower unit kitchen updated a couple of years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,172
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,440
$823.4K
Cap Rate 7%
$588,171
$588.2K
Cap Rate 9%
$457,467
$457.5K
Market Conditions
NOI Build-Up for 2,034 SF
Gross rent
$62.2K $30.60/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$58.8K $28.92/SF
− OpEx
−$17.6K −$8.68/SF
NOI
$41.2K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,440
Cap Rate 7%
$588,171
Cap Rate 9%
$457,467
Alternative Uses
Best Use
Multifamily LT 5
$588.2K
$514.7K – $686.2K
NOI $41,172 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$527.2K
$461.3K – $615.1K
NOI $36,906 @ 7.0% cap · market cap 5.27%
Theoretical Best
—
—
same as Best Use
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
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a two-bedroom, one-bath layout, with updates completed in both units.
Where is this duplex located?
The property is located at 2415 Seminary Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,034 square feet; built in 1925; Upper unit flooring replaced; lower unit kitchen updated a couple of years ago
