Well-Maintained Duplex with
2924 Morcom Ave Oakland, CA 94619
2924 Morcom Ave, Oakland, CA, 94619
$1,050,000
For Sale
$1,050,000
Duplex offering two units and a recently upgraded epoxy-coated garage floor in a convenient Oakland location.
Property Size2,293 SF
Lot Size0.08 Acres
Price / SF$457.92
Days on Market102
Property Features for 2924 Morcom Ave
General Information
- Standard status
- Active
- Size
- 2,293 SF
- Lot size
- 0.08 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agency
Compass
(415) 936-9431
Listed by
Jennifer Galvez · License #02292101
(415) 936-9431
Source
Exitrealty
Added: Apr 11 Updated: Jul 21 at 4:57AM Checked: Jul 21 at 4:57AM
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 Compass
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two units with approximately 2,293 sq ft of living space. The property also features a garage with a recent epoxy-coated floor upgrade for added style and durability.
Located near Highways 580 and 13, the home provides convenient access to shopping, dining, and commuter routes.
Offered for sale as a residential income property, the duplex provides two separate living units within one ownership opportunity.
Located near Highways 580 and 13, the home provides convenient access to shopping, dining, and commuter routes.
Offered for sale as a residential income property, the duplex provides two separate living units within one ownership opportunity.
Key Highlights
- Duplex built in 1920 offering 2 units with approximately 2,293 sq ft of living space
- 3,364 sq ft lot in Maxwell Park, Oakland
- Recent upgrade: epoxy‑coated garage floor
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 | $78.4k | $34.20 |
| − Vacancy | −$3.3k | −$1.46 |
| EGI | $75.1k | $32.74 |
| − OpEx | −$22.5k | −$9.82 |
| NOI | $52.6k | $22.92 |
2,293 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$750.7K
$656.9K – $875.8K
NOI $52,550 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$691.7K
$605.2K – $807.0K
NOI $48,417 @ 7.0% cap · market cap 4.61%
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
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FAQs
What type of property is this?
Duplex - Duplex offering two units and a recently upgraded epoxy-coated garage floor in a convenient Oakland location.
Where is this duplex located?
The property is located at 2924 Morcom Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Duplex built in 1920 offering 2 units with approximately 2,293 sq ft of living space; 3,364 sq ft lot in Maxwell Park, Oakland; Recent upgrade: epoxy‑coated garage floor
