Updated Duplex with Two
2531 E 11Th St Oakland, CA 94601
2531 E 11Th St, Oakland, CA, 94601
$675,000
For Sale
$675,000
Duplex with an updated roof and exterior, offering 4 beds upstairs and 3 beds downstairs with two bathrooms each.
Property Size2,401 SF
Price / SF$281.13
Days on Market34
Property Features for 2531 E 11Th St
General Information
- Standard status
- Active
- Size
- 2,401 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1904
Listing agency
GREAT GATE REALTY
(510) 301-4516
Listed by
Victoria Camarena · License #01416067
(510) 301-4516
Source
Exitrealty
Added: Jun 18 Updated: Jul 20 at 4:53PM Checked: Jul 21 at 4:24AM
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 GREAT GATE REALTY
Investment Insights
Based on property information with market context.
This duplex at 2531 E 11th St offers two separate residential units. The upper unit features 4 bedrooms and 2 bathrooms, while the lower unit includes 3 bedrooms and 2 bathrooms, supporting flexible living arrangements or rental use.
Recent improvements include a new roof, fresh stucco exterior, and newly installed iron front and rear staircases. The property is described as conveniently located near major freeways and within easy access to restaurants, schools, shopping centers, and everyday amenities. It is also noted to sit just across the bridge from Alameda.
Overall, the building is presented as a well-maintained duplex with updates aimed at durability and curb appeal.
Recent improvements include a new roof, fresh stucco exterior, and newly installed iron front and rear staircases. The property is described as conveniently located near major freeways and within easy access to restaurants, schools, shopping centers, and everyday amenities. It is also noted to sit just across the bridge from Alameda.
Overall, the building is presented as a well-maintained duplex with updates aimed at durability and curb appeal.
Key Highlights
- Duplex built in 1904 with 4 bedrooms and 2 bathrooms in the upper unit
- Lower unit offers 3 bedrooms and 2 bathrooms—two bathrooms per unit
- New roof and fresh stucco exterior
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.1k | $34.20 |
| − Vacancy | −$3.4k | −$1.44 |
| EGI | $78.7k | $32.76 |
| − OpEx | −$23.6k | −$9.83 |
| NOI | $55.1k | $22.93 |
2,401 SF · lease $34.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$786.7K
$688.3K – $917.8K
NOI $55,066 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$730.3K
$639.0K – $852.0K
NOI $51,122 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$978.7K
$856.3K – $1.14M
NOI $68,507 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sunshine Window Cleaning ...
General Contractor
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FAQs
What type of property is this?
Duplex - Duplex with an updated roof and exterior, offering 4 beds upstairs and 3 beds downstairs with two bathrooms each.
Where is this duplex located?
The property is located at 2531 E 11Th St Oakland, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Duplex built in 1904 with 4 bedrooms and 2 bathrooms in the upper unit; Lower unit offers 3 bedrooms and 2 bathrooms—two bathrooms per unit; New roof and fresh stucco exterior
