Corner Lot
For Sale
$749,000
2504 78Th Ave, Oakland, CA 94605
MULTI_FAMILY - Oakland, CA
Property Size2,095 SF
Lot Size0.11 Acres
Price / SF$357.52
Days on Market157
Property Features for 2504 78Th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 4, Laundry Room, Bedroom 5, Bedroom 2, Bathroom 8, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 2, Bathroom 7
Parking features
Parking Lot, Tandem, Off Street
Window features
Screens
Exterior features
Back Yard, Front Yard, Garden/Play, Side Yard, Low Maintenance, Garden
Fencing
Fenced
Fireplace
1
Appliances
Dryer, Washer
Subdivision
Bancroft
Lot features
Corner Lot, Level, Rectangular Lot, Front Yard, Garden, Security Gate
Standard status
Active
APN
40338911
Size
2,095 SF
Lot size
0.11 Acres
Utilities
Heating system
Wall Furnace, Natural Gas, Fireplace(s), Hot Water(Heating)
Amenities
laundry room
Building Details
Year built
1943
Number of units
2
Flooring type
Engineered, Tile
Building materials
Stucco
Roof type
Composition
Listing Agency:
Real Estate Ebroker Inc
(760) 722-3222
Listed By:
Son Luu · License #01711002
(510) 409-6855
Added: Mar 6
Changed: Aug 2
Last Checked: Aug 10 at 3:06PM
MLS# 41126357
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2504 78Th Ave in Oakland, this corner lot duplex sits on 0.1148 acres with 2,095 square feet of total living area. Built in 1943, the property features a stucco exterior and a composition roof, with a wall furnace, natural gas heating, and fireplace(s) noted. The duplex is set up with off-street parking, including a large driveway and 4 parking spaces.
Both units are tenant occupied. Unit 1 offers 2 bedrooms and 1 bathroom, and Unit 2 offers 3 bedrooms and 2 bathrooms with generous room sizes. Each unit has its own laundry room, and utilities are separately metered with separate water, gas, and electric meters. Sewer lateral compliance is noted in the public remarks.
The configuration also includes landscaped exterior space with front, side, and back yard areas.
Both units are tenant occupied. Unit 1 offers 2 bedrooms and 1 bathroom, and Unit 2 offers 3 bedrooms and 2 bathrooms with generous room sizes. Each unit has its own laundry room, and utilities are separately metered with separate water, gas, and electric meters. Sewer lateral compliance is noted in the public remarks.
The configuration also includes landscaped exterior space with front, side, and back yard areas.
Key Highlights
- Tenant‑occupied duplex with Unit 1 (2 bed, 1 bath) and Unit 2 (3 bed, 2 bath)
- Separate water, gas, and electric meters plus a laundry room for each unit
- Corner lot with a large driveway and 4 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,407
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$848,140
$848.1K
Cap Rate 7%
$605,814
$605.8K
Cap Rate 9%
$471,189
$471.2K
Market Conditions
NOI Build-Up for 2,095 SF
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.
Gross rent
$64.1K $30.60/SF
− Vacancy
−$3.5K −$1.68/SF
EGI
$60.6K $28.92/SF
− OpEx
−$18.2K −$8.68/SF
NOI
$42.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$848,140
Cap Rate 7%
$605,814
Cap Rate 9%
$471,189
Alternative Uses
Best Use
Multifamily LT 5
$605.8K
$530.1K – $706.8K
NOI $42,407 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$543.0K
$475.2K – $633.6K
NOI $38,013 @ 7.0% cap · market cap 5.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
898
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Corner lot duplex with two tenant-occupied units, separate utility meters, and on-site laundry rooms for each unit.
Where is this duplex located?
The property is located at 2504 78Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Tenant‑occupied duplex with Unit 1 (2 bed, 1 bath) and Unit 2 (3 bed, 2 bath); Separate water, gas, and electric meters plus a laundry room for each unit; Corner lot with a large driveway and 4 parking spaces
