Duplex with Three-Car
For Sale
$599,000
2602 12th, Oakland, CA 94606
Two separate units sit within a Victorian-era building with bay windows and covered rear porches.
Property Size2,498 SF
Lot Size0.15 Acres
Days on Market14
Property Features for 2602 12th
General Information
Standard status
Active
Size
2,498 SF
Total Parking Spaces
3
Lot size
0.15 Acres
Property subtype
Duplex
Property Condition
Severity
Major Repairs Needed
Evidence
needs extensive work
Site & Location
Neighborhood
San Antonio
Additional Details
Multifamily Units
2
Amenities
covered rear porches
Building Details
Building Size
2,498 SF
Year Built
1898
Construction
Victorian
Listing Agency:
ORI SKLOOT - BROKER
Listed By:
Ori Skloot
(510) 827-9773
Source:
Coastandcore
Added: Oct 24
Changed: Nov 6
Last Checked: Nov 4 at 8:57PM
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 ORI SKLOOT - BROKER
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Investment Insights
Based on property information with market context.
Built in 1898, this two-unit property has Victorian-era architectural details, including bay windows and decorative exterior elements. Covered porches extend from the rear, and a three-car garage is positioned behind the building. The property requires extensive work and is being offered as-is. Recent work includes a new roof and exterior painting.
A side driveway provides vehicle access to the rear garage. The building occupies a 6,478-square-foot lot in Oakland, California, and is set back from the street.
A side driveway provides vehicle access to the rear garage. The building occupies a 6,478-square-foot lot in Oakland, California, and is set back from the street.
Key Highlights
- Two‑unit building constructed in 1898
- 6,478‑square‑foot lot in Oakland, California
- Three‑car garage at the rear, accessed by a side driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,697
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,073,940
$1.1M
Cap Rate 7%
$767,100
$767.1K
Cap Rate 9%
$596,633
$596.6K
Market Conditions
NOI Build-Up for 2,498 SF
Gross rent
$80.9K $32.40/SF
− Vacancy
−$4.2K −$1.69/SF
EGI
$76.7K $30.71/SF
− OpEx
−$23.0K −$9.21/SF
NOI
$53.7K $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 Rate 5%
$1,073,940
Cap Rate 7%
$767,100
Cap Rate 9%
$596,633
Alternative Uses
Best Use
Multifamily LT 5
$767.1K
$671.2K – $895.0K
NOI $53,697 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$701.1K
$613.5K – $818.0K
NOI $49,077 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$1.14M
$995.7K – $1.33M
NOI $79,655 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,361
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
$747,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Oakland, CA
Properties on Market for Duplexes in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units sit within a Victorian-era building with bay windows and covered rear porches.
Where is this duplex located?
The property is located at 2602 12th 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 building constructed in 1898; 6,478‑square‑foot lot in Oakland, California; Three‑car garage at the rear, accessed by a side driveway
