Updated Duplex with Covered
For Sale
$700,000
2417 Seminary Avenue, Oakland, CA 94605
Two matching two-bedroom residences provide separate living space within one income property.
Property Size2,034 SF
Price / SF$344.15
Days on Market161
Property Features for 2417 Seminary Avenue
General Information
Standard status
Active
Size
2,034 SF
Property subtype
Duplex
Site & Location
Neighborhood
Elmhurst
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
covered detached parking garage
Building Details
Year Built
1925
Listing Agency:
Pacific Bay Estates
(707) 759-4251
Listed By:
Cassandra D Hall · License #DRE #02110338
(707) 975-7996
Source:
Somorealty
Added: May 30
Changed: Nov 5
Last Checked: Nov 5 at 9:28AM
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.
Built in 1925, this duplex contains two units, each configured with 2 bedrooms and 1 bathroom. The upstairs unit has replacement flooring, while the kitchen in the lower unit was updated a couple of years ago. The property totals 2,034 square feet and includes rear parking plus a detached covered parking garage.
The property is on Seminary Avenue in Oakland, near shopping and Oakland Unified School District. Highways 80, 580, 24, and 13 are accessible from the area, and Mills College is nearby. Water and garbage are paid by the seller; tenants cover electricity.
The property is on Seminary Avenue in Oakland, near shopping and Oakland Unified School District. Highways 80, 580, 24, and 13 are accessible from the area, and Mills College is nearby. Water and garbage are paid by the seller; tenants cover electricity.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,034 square feet; built in 1925
- Upstairs unit has replacement flooring
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
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
$840,700
Median Home Value
Market
Average Price Trend$/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 - Two matching two-bedroom residences provide separate living space within one income property.
Where is this duplex located?
The property is located at 2417 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; Upstairs unit has replacement flooring
