Duplex with Private
For Sale
$599,000
2533 19Th Ave, Oakland, CA 94606
Fully occupied two-unit property with detached garages and separately metered utilities.
Property Size1,503 SF
Days on Market15
Property Features for 2533 19Th Ave
General Information
Standard status
Active
Size
1,503 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
washer and dryer
private yard
Building Details
Building Size
1,503 SF
Year Built
1940
Listing Agency:
KW Advisors East Bay
Listed By:
Justin Paek
(510) 409-0735
Source:
Coastandcore
Added: Sep 11
Changed: Sep 19
Last Checked: Sep 24 at 5:25PM
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 KW Advisors East Bay
Investment Insights
Based on property information with market context.
Built in 1940, this duplex comprises one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit. Each residence includes private yard space and a detached garage, while one unit has been updated with a modern kitchen. One unit also includes a full-size washer and dryer.
The property is fully occupied by stable tenants, and each unit is individually metered, including water. The address is near the Laurel shipping district, Redwood Regional Park, Leona Canyon, Grand Lake, BART, and area freeways.
The property is fully occupied by stable tenants, and each unit is individually metered, including water. The address is near the Laurel shipping district, Redwood Regional Park, Leona Canyon, Grand Lake, BART, and area freeways.
Key Highlights
- Two‑unit configuration with one 2‑bedroom/1‑bath unit and one 1‑bedroom/1‑bath unit
- Private yard space and a detached garage for each unit
- Fully occupied with stable tenants
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
$32,309
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
5.39%
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%
$646,180
$646.2K
Cap Rate 7%
$461,557
$461.6K
Cap Rate 9%
$358,989
$359.0K
Market Conditions
NOI Build-Up for 1,503 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
$48.7K $32.40/SF
− Vacancy
−$2.5K −$1.69/SF
EGI
$46.2K $30.71/SF
− OpEx
−$13.8K −$9.21/SF
NOI
$32.3K $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 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%
$646,180
Cap Rate 7%
$461,557
Cap Rate 9%
$358,989
Alternative Uses
Best Use
Multifamily LT 5
$461.6K
$403.9K – $538.5K
NOI $32,309 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$421.8K
$369.1K – $492.2K
NOI $29,529 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$684.7K
$599.1K – $798.8K
NOI $47,927 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,227
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with detached garages and separately metered utilities.
Where is this duplex located?
The property is located at 2533 19Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit configuration with one 2‑bedroom/1‑bath unit and one 1‑bedroom/1‑bath unit; Private yard space and a detached garage for each unit; Fully occupied with stable tenants
