Two-Unit Duplex with Off-Street
New
For Sale
$600,000
2425 Park Blvd, Oakland, CA 94606
Residential Income, Oakland, CA
Property Size1,911 SF
Lot Size0.12 Acres
Price / SF$313.97
Days on Market3
Property Features for 2425 Park Blvd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RD-1
Bedrooms
6
Rooms
Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 6
Parking features
Off Street
Interior features
Shower Stall(s), Tub w/Shower Over
Appliances
Gas Water Heater
Subdivision
IVY HILL
Lot features
Sloped Up, Paved
Standard status
Active
APN
2231441
Size
1,911 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1913
Flooring type
Tile, Laminate, Carpet
Building materials
Brick, Stucco, Frame
Listing Agency:
Keller Williams Realty
(925) 934-2900
Listed By:
Joey Wang
(510) 592-5554
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 8:06AM
MLS# 41151653
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1913, this duplex contains two three-bedroom, two-bathroom residences. The lower flat is vacant and has a private side entrance and a 15-foot kitchen. The upper flat is occupied and includes two walk-in closets. Gas and electricity are separately metered, and five off-street parking spaces are located behind the building.
The property sits on Park Boulevard, east of Lake Merritt, with AC Transit’s 33 line running on the street. The 0.1165-acre parcel is zoned RD-1. The configuration includes a vacant lower residence and an occupied upper unit.
The property sits on Park Boulevard, east of Lake Merritt, with AC Transit’s 33 line running on the street. The 0.1165-acre parcel is zoned RD-1. The configuration includes a vacant lower residence and an occupied upper unit.
Key Highlights
- Two three‑bedroom, two‑bathroom residences
- Lower unit is vacant; upper unit is occupied
- Five off‑street parking spaces behind the building
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.
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Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The vacant ground-floor residence and occupied upper flat offer two distinct living spaces with separately metered gas and electricity.
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 three‑bedroom, two‑bathroom residences; Lower unit is vacant; upper unit is occupied; Five off‑street parking spaces behind the building
