Triplex with Back
For Sale
$749,000
2550 Pleasant st, Oakland, CA 94602
MULTI_FAMILY - Oakland, CA
Property Size2,551 SF
Lot Size0.06 Acres
Price / SF$293.61
Days on Market153
Property Features for 2550 Pleasant st
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 7, Bathroom 3, Bathroom 6, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bathroom 1
Parking features
Off Street, Covered
Exterior features
Back Yard
Fencing
Fenced
Appliances
Dryer, Washer, Gas Water Heater
Subdivision
Diamond
Lot features
Back Yard
Elementary school district
Oakland (510) 879-8111
High school district
Oakland (510) 879-8111
Directions
Fruitvale Ave to Pleasant St.
Standard status
Active
APN
026 083202300
Size
2,551 SF
Lot size
0.06 Acres
Utilities
Sewer type
Public Sewer
Heating system
Space Heater, Wall Furnace, Floor Furnace
Water source
Public
Building Details
Year built
1910
Number of units
3
Flooring type
Carpet, Linoleum, Hardwood
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
EXP Realty of California, Inc
(888) 584-9427
Listed By:
Cristina Mendoza
(510) 677-5424
Added: Mar 13
Changed: Aug 3
Last Checked: Aug 12 at 7:06AM
MLS# 41127174
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.
This tenant-occupied triplex includes three separate units: two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. The home features wood siding construction, composition roofing, and a mix of linoleum, hardwood, and carpet flooring. Heating is provided via wall, floor, and space heaters, and each unit includes a gas water heater plus in-unit washer and dryer.
Exterior features include a back yard and fenced perimeter. Parking is available off-street with covered spaces. Public water and public sewer services are on-site.
Built in 1910, the property’s layouts include multiple bedrooms and bathrooms across the three units and offer practical in-building utility support for day-to-day operations.
Exterior features include a back yard and fenced perimeter. Parking is available off-street with covered spaces. Public water and public sewer services are on-site.
Built in 1910, the property’s layouts include multiple bedrooms and bathrooms across the three units and offer practical in-building utility support for day-to-day operations.
Key Highlights
- Three‑unit triplex with two 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- Tenant occupied
- 0.0586‑acre lot
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
$58,463
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
7.81%
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%
$1,169,260
$1.2M
Cap Rate 7%
$835,186
$835.2K
Cap Rate 9%
$649,589
$649.6K
Market Conditions
NOI Build-Up for 2,551 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
$87.2K $34.20/SF
− Vacancy
−$3.7K −$1.46/SF
EGI
$83.5K $32.74/SF
− OpEx
−$25.1K −$9.82/SF
NOI
$58.5K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /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%
$1,169,260
Cap Rate 7%
$835,186
Cap Rate 9%
$649,589
Alternative Uses
Best Use
Multifamily LT 5
$835.2K
$730.8K – $974.4K
NOI $58,463 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$769.5K
$673.3K – $897.7K
NOI $53,864 @ 7.0% cap · market cap 7.19%
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
Highway access
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
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?
Triplex - Tenant-occupied triplex with a fenced yard, off-street covered parking, and public water and sewer services.
Where is this triplex located?
The property is located at 2550 Pleasant st 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: Three‑unit triplex with two 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; Tenant occupied; 0.0586‑acre lot
