Spanish-Style
For Sale
$1,710,000
31 Excelsior Ct, Oakland, CA 94610
Four two-story rental units offer owner-occupancy flexibility, private laundry, garage parking, and access to Lake Merritt and downtown Oakland.
Property Size4,186 SF
Days on Market62
Property Features for 31 Excelsior Ct
General Information
Standard status
Active
Size
4,186 SF
Class
B
Property subtype
Multi-Family
Site & Location
Neighborhood
Cleveland Heights
Building Details
Building Size
4,186 SF
Year Built
1938
Units
4
Listing Agency:
Kite Hill Real Estate
Listed By:
Jatin Mehta · License #02045713
(510) 878-6800
Source:
Commercialcafe
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 30 at 11:13AM
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 Kite Hill Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1938, this Spanish-style quadplex contains four 2-bedroom, 1.5-bath residences totaling 4,186 square feet. Each apartment spans two stories and provides more than 1,000 square feet of living area. One unit is vacant, creating an owner-occupancy option while the remaining three residences are available for rental use.
The property sits on a quiet cul-de-sac in Oakland’s Cleveland Heights area, with access to Lake Merritt, downtown Oakland, Lakeshore, Grand Lake shops and restaurants, and nearby public transportation. Four garages, additional off-street parking, and in-unit laundry add practical value for residents. Walk Score is 97, Transit Score is 55, and Bike Score is 71.
The property sits on a quiet cul-de-sac in Oakland’s Cleveland Heights area, with access to Lake Merritt, downtown Oakland, Lakeshore, Grand Lake shops and restaurants, and nearby public transportation. Four garages, additional off-street parking, and in-unit laundry add practical value for residents. Walk Score is 97, Transit Score is 55, and Bike Score is 71.
Key Highlights
- Four 2‑bedroom, 1.5‑bath units with 4,186 square feet total
- Each residence spans two stories and offers over 1,000 square feet
- One vacant unit supports an owner‑occupancy strategy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,934
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,918,680
$1.9M
Cap Rate 7%
$1,370,486
$1.4M
Cap Rate 9%
$1,065,933
$1.1M
Market Conditions
NOI Build-Up for 4,186 SF
Gross rent
$143.2K $34.20/SF
− Vacancy
−$6.1K −$1.46/SF
EGI
$137.0K $32.74/SF
− OpEx
−$41.1K −$9.82/SF
NOI
$95.9K $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 Rate 5%
$1,918,680
Cap Rate 7%
$1,370,486
Cap Rate 9%
$1,065,933
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $95,934 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,388 @ 7.0% cap · market cap 5.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,185
Businesses Nearby
Explore this area
Business Placement
Demographics for 94610, CA
31,261
Population
17,926
Households
1.7
Avg Household Size
39
Median Age
73%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
14,886
Density / Sq Mi
$130,435
Median Household Income
$90,577
Median Earnings
$2,184
Median Rent
$1,324,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-story rental units offer owner-occupancy flexibility, private laundry, garage parking, and access to Lake Merritt and downtown Oakland.
Where is this quadplex located?
The property is located at 31 Excelsior Ct Oakland, CA.
What is the asking price?
The asking price for this property is $1,710,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1.5‑bath units with 4,186 square feet total; Each residence spans two stories and offers over 1,000 square feet; One vacant unit supports an owner‑occupancy strategy
