Updated Duplex with Rental
For Sale
$850,000
3121 Coolidge Ave, Oakland, CA 94602
Renovated two-level property features separate living areas and an upper unit that currently generates rental income.
Property Size3,344 SF
Days on Market251
Property Features for 3121 Coolidge Ave
General Information
Standard status
Active
Size
3,344 SF
Property subtype
Duplex
Site & Location
Neighborhood
School
Highway Access
Yes
Additional Details
Multifamily Units
2
Amenities
No Air Conditioning
Forced Air
Gas Water Heater
Gated Entry, Natural Gas Connected
Building Details
Building Size
3,344 SF
Year Built
1900
Buildings
1
Listing Agency:
Compass
Listed By:
Jeffery Wong
(925) 257-0305
Source:
Kw
Added: Feb 19
Changed: Oct 27
Last Checked: Oct 28 at 1:37PM
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
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Investment Insights
Based on property information with market context.
This duplex, built in 1900, offers a renovated two-level configuration with distinct living areas. The downstairs residence provides approximately 1,570 square feet with 3 bedrooms and 3 full bathrooms, while the upper level is a fully independent unit that currently generates rental income. Both residences include updated finishes.
Property features include forced-air heating, a gas water heater, gated entry, and a natural gas connection. The home is near Oakland’s Dimond and Laurel Districts, with Farmer Joe’s and Grand Lake Kitchen identified among nearby local destinations. Access to I-580 and the redwood trails of Joaquin Miller Park adds convenient regional and recreational connectivity.
Property features include forced-air heating, a gas water heater, gated entry, and a natural gas connection. The home is near Oakland’s Dimond and Laurel Districts, with Farmer Joe’s and Grand Lake Kitchen identified among nearby local destinations. Access to I-580 and the redwood trails of Joaquin Miller Park adds convenient regional and recreational connectivity.
Key Highlights
- Downstairs residence offers approximately 1,570 square feet, 3 bedrooms, and 3 full bathrooms
- Fully independent upper unit currently generates steady rental income
- Both units feature updated finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,637
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,740
$1.5M
Cap Rate 7%
$1,094,814
$1.1M
Cap Rate 9%
$851,522
$851.5K
Market Conditions
NOI Build-Up for 3,344 SF
Gross rent
$114.4K $34.20/SF
− Vacancy
−$4.9K −$1.46/SF
EGI
$109.5K $32.74/SF
− OpEx
−$32.8K −$9.82/SF
NOI
$76.6K $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%
$1,532,740
Cap Rate 7%
$1,094,814
Cap Rate 9%
$851,522
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$958.0K – $1.28M
NOI $76,637 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$1.01M
$882.6K – $1.18M
NOI $70,609 @ 7.0% cap · market cap 8.31%
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
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-level property features separate living areas and an upper unit that currently generates rental income.
Where is this duplex located?
The property is located at 3121 Coolidge Ave Oakland, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Downstairs residence offers approximately 1,570 square feet, 3 bedrooms, and 3 full bathrooms; Fully independent upper unit currently generates steady rental income; Both units feature updated finishes
