Two-Unit
For Sale
$600,000
2425 Park Blvd, Oakland, CA 94606
One flat is vacant and the other occupied, with both residences offering three bedrooms and two bathrooms.
Property Size1,911 SF
Days on Market13
Property Features for 2425 Park Blvd
General Information
Standard status
Active
Size
1,911 SF
Total Parking Spaces
5
Property subtype
Duplex
Financials
Asking Price
$600,000
Cap Rate
6.2%
Gross Income
$60,300
Gross Rent Multiplier
10
Site & Location
Neighborhood
San Antonio
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Building Size
1,911 SF
Year Built
1913
Listing Agency:
Keller Williams Realty
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Source:
Coastandcore
Added: Oct 19
Changed: Oct 31
Last Checked: Oct 31 at 12:06AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1913, this Oakland duplex contains two three-bedroom, two-bathroom flats. The lower residence measures 1,080 SF and is vacant; it has a private side entrance and a 15-foot kitchen. The occupied upper flat measures 1,068 SF and includes two walk-in closets. Gas and electric service are separately metered for the units.
Five off-street parking spaces are located behind the building. The property sits along Park Boulevard, east of Lake Merritt, with AC Transit’s 33 line on the street.
Five off-street parking spaces are located behind the building. The property sits along Park Boulevard, east of Lake Merritt, with AC Transit’s 33 line on the street.
Key Highlights
- Two flats, each with three bedrooms and two bathrooms
- Vacant lower unit: 1,080 SF, private side entrance, and 15‑foot kitchen
- Occupied upper unit: 1,068 SF with two walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,079
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,580
$821.6K
Cap Rate 7%
$586,843
$586.8K
Cap Rate 9%
$456,433
$456.4K
Market Conditions
NOI Build-Up for 1,911 SF
Gross rent
$61.9K $32.40/SF
− Vacancy
−$3.2K −$1.69/SF
EGI
$58.7K $30.71/SF
− OpEx
−$17.6K −$9.21/SF
NOI
$41.1K $21.50/SF
Area
ZIP 94606
Vacancy
5.22%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,580
Cap Rate 7%
$586,843
Cap Rate 9%
$456,433
Alternative Uses
Best Use
Multifamily LT 5
$586.8K
$513.5K – $684.7K
NOI $41,079 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,545 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$870.5K
$761.7K – $1.02M
NOI $60,937 @ 7.0% cap · market cap 10.16%
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
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Check the figures for this property
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 - One flat is vacant and the other occupied, with both residences offering three bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 2425 Park Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two flats, each with three bedrooms and two bathrooms; Vacant lower unit: 1,080 SF, private side entrance, and 15‑foot kitchen; Occupied upper unit: 1,068 SF with two walk‑in closets
