Updated Duplex with Private Outdoor
2804 Adeline St Oakland, CA 94608
2804 Adeline St, Oakland, CA, 94608
$949,000
For Sale
$949,000
Modernized duplex with multiple system upgrades, remodeled interiors, and private outdoor space for each unit.
Property Size1,826 SF
Price / SF$519.72
Days on Market53
Property Features for 2804 Adeline St
General Information
- Standard status
- Active
- Size
- 1,826 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1906
Listing agency
LA BAY PROPERTIES
(510) 921-4271
Listed by
Derrick Gardner · License #01420626
(510) 921-4271
Source
Exitrealty
Added: May 31 Updated: Jul 21 at 9:26PM Checked: Jul 21 at 9:26PM
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 LA BAY PROPERTIES
Investment Insights
Based on property information with market context.
2804 Adeline Street is a duplex offering two distinct units within a single property. The home has undergone extensive modernization while preserving its original architectural character, with upgrades that include a new foundation, electrical, plumbing, roof, and additional completed sewer lateral and sidewalk compliance. Interior updates include refreshed paint throughout, durable new LVP flooring, updated kitchens with waterfall countertops and new cabinetry, and three remodeled bathrooms with custom tile work.
The property is positioned in West Oakland near the Emeryville border, with convenient commuter access to Emeryville, BART, Downtown Oakland, major freeways, and San Francisco.
Ownership is supported by Mills Act status, which the seller states provides significantly reduced property taxes in perpetuity. The property also provides residents with parking and private outdoor space.
The property is positioned in West Oakland near the Emeryville border, with convenient commuter access to Emeryville, BART, Downtown Oakland, major freeways, and San Francisco.
Ownership is supported by Mills Act status, which the seller states provides significantly reduced property taxes in perpetuity. The property also provides residents with parking and private outdoor space.
Key Highlights
- 1906 duplex in West Oakland near the Emeryville border with two distinct units
- Extensive modern upgrades include new foundation, electrical, plumbing, and roof, plus fresh interior paint and new LVP flooring
- Remodeled interiors feature updated kitchens with waterfall countertops and new cabinetry, plus three remodeled bathrooms with custom tile work
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 | $62.4k | $34.20 |
| − Vacancy | −$2.7k | −$1.46 |
| EGI | $59.8k | $32.74 |
| − OpEx | −$17.9k | −$9.82 |
| NOI | $41.8k | $22.92 |
1,826 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$597.8K
$523.1K – $697.5K
NOI $41,848 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$550.8K
$482.0K – $642.6K
NOI $38,556 @ 7.0% cap · market cap 4.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Charde Developers
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Modernized duplex with multiple system upgrades, remodeled interiors, and private outdoor space for each unit.
Where is this duplex located?
The property is located at 2804 Adeline St Oakland, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 1906 duplex in West Oakland near the Emeryville border with two distinct units; Extensive modern upgrades include new foundation, electrical, plumbing, and roof, plus fresh interior paint and new LVP flooring; Remodeled interiors feature updated kitchens with waterfall countertops and new cabinetry, plus three remodeled bathrooms with custom tile work
