Duplex with Covered
For Sale
$700,000
2417 Seminary Avenue, Oakland, CA 94605
Both residences have two bedrooms and one bathroom, with separate interior updates to the upper and lower units.
Property Size2,034 SF
Price / SF$344.15
Days on Market155
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
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
2,034 SF
Year Built
1925
Buildings
1
Listing Agency:
Side
Listed By:
Outpost Real Estate · License #01411471
(415) 879-8311
Source:
Outpostrealestate
Added: May 30
Changed: Oct 30
Last Checked: Oct 30 at 2:56PM
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 Side
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this 2,034-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. The upper unit has replacement flooring, while the lower unit’s kitchen was updated. A detached covered garage and additional parking are located at the rear of the property.
Shopping, Oakland Unified School District, and Mills College are nearby. The property is also close to Highways 80, 580, 24, and 13. Water and garbage are paid by the seller; tenants cover electricity.
Shopping, Oakland Unified School District, and Mills College are nearby. The property is also close to Highways 80, 580, 24, and 13. 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
- Covered detached garage and rear parking
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
Yes
Utilities to site
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and one bathroom, with separate interior updates to the upper and lower units.
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; Covered detached garage and rear parking
