Oakland Duplex Investment
2445 10th Avenue, Oakland, CA 94606
Call to check price and availability
Duplex in Oakland, CA, with two occupied units.
Type:Multifamily
Property size:
2,175 SFLot size:
0.13 AcresPrice / SF:
$284/SF- Added:
- Apr 23, 2025
- Days on Market:
- 389
- Last Refresh:
- Mar 16 at 3:46 pm
Property Features for 2445 10th Avenue
General Information
- Standard status
- Active
- Size
- 2,175 SF
- Lot size
- 0.13 Acres
- Property subtype
- Multifamily
Listing agent JOHN MARTINDALE License #01155188
Listing office GS STRATEGIES, INC. (909) 723-1730
Listing date Apr 23, 2025
Source Crexi
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 GS STRATEGIES, INC.
HighLights
- Duplex property offering investment potential.
- Total of 2,175 square feet of living space.
- Located on a 5,625 square foot lot.
- Each unit has its own laundry room.
- Enjoy a rear yard with play equipment and privacy.
- Located in the Peralta Joint Unified school district.
Overview
Located in Oakland, CA, the property at 2445 10th Avenue features a duplex with a total of 2,175 square feet of living space. Constructed in 1922, the building retains architectural charm from that era. Situated on a 5,625 square foot lot, the property includes a rear yard equipped with play equipment, offering a degree of privacy. Each unit has its own laundry room. The garage has been altered for storage purposes. Located within the Peralta Joint Unified school district, this property presents an investment opportunity. The property is being sold in its As-Is, Where-Is condition.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$519.5K
NOI $46,754 @ 9.00% cap · cautious / downside scenario
Moderate
$667.9K
NOI $46,754 @ 7.00% cap · market / base-case scenario
Aggressive
$935.1K
NOI $46,754 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.5k | $32.40 |
| − Vacancy | −$3.7k | −$1.69 |
| EGI | $66.8k | $30.71 |
| − OpEx | −$20.0k | −$9.21 |
| NOI | $46.8k | $21.50 |
2,175 SF · lease $32.40/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$667.9K
$584.4K – $779.2K
NOI $46,754 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$610.4K
$534.1K – $712.2K
NOI $42,731 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$990.8K
$866.9K – $1.16M
NOI $69,355 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Abby's Angel Hands
Home Health Care Service
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2398797
- Latitude
- 37.7994472
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex in Oakland, CA, with two occupied units.
Where is this duplex located?
The property is located at 2445 10th Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Duplex property offering investment potential.; Total of 2,175 square feet of living space.; Located on a 5,625 square foot lot.
