Oakland Triplex Investment
For Sale
$599,888
3309 64Th Ave, Oakland, CA 94605
Triplex in East Oakland with income potential and convenient location.
Property Size1,639 SF
Price / SF$366.01
Days on Market112
Property Features for 3309 64Th Ave
General Information
Standard status
Active
Size
1,639 SF
Property subtype
Residential Income
Amenities
Natural Gas, Wall Furnace
Parking Lot, No Garage, Garage
Building Details
Building Size
1,639 SF
Year Built
1939
Listing Agency:
Real Estate Ebroker Inc
Listed By:
Son Luu · License #01711002
(510) 409-6855
Source:
Evrealestate
Added: May 14
Changed: Sep 1
Last Checked: Sep 2 at 5:01PM
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 Real Estate Ebroker Inc
Investment Insights
Based on property information with market context.
Located in the heart of East Oakland, this triplex presents a strong income potential for investors or owner-occupants seeking rental income. The multi-unit property includes three separate units, each featuring spacious living areas, functional layouts, and private entrances. The property is conveniently located near schools, shopping, restaurants, and public transportation, with easy freeway access for commuting throughout the Bay Area. Situated in an established neighborhood, the location offers continued growth and development opportunities. The property has a bike score of 58, indicating it is bikeable, a walk score of 82, indicating it is very walkable, and a transit score of 54, indicating good transit options. This triplex presents exceptional potential in a high-demand rental market, suitable for expanding an investment portfolio or generating income while living in one of the units.
Key Highlights
- Strong income potential with three separate units, ideal for investors or owner‑occupants.
- Excellent location in East Oakland near schools, shopping, restaurants, and public transportation.
- Easy freeway access provides commuter convenience throughout the Bay Area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,176
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$663,520
$663.5K
Cap Rate 7%
$473,943
$473.9K
Cap Rate 9%
$368,622
$368.6K
Market Conditions
NOI Build-Up for 1,639 SF
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.
Gross rent
$50.2K $30.60/SF
− Vacancy
−$2.8K −$1.68/SF
EGI
$47.4K $28.92/SF
− OpEx
−$14.2K −$8.68/SF
NOI
$33.2K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$663,520
Cap Rate 7%
$473,943
Cap Rate 9%
$368,622
Alternative Uses
Best Use
Multifamily LT 5
$473.9K
$414.7K – $552.9K
NOI $33,176 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$424.8K
$371.7K – $495.7K
NOI $29,739 @ 7.0% cap · market cap 4.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex in East Oakland with income potential and convenient location.
Where is this triplex located?
The property is located at 3309 64Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $599,888.
What are key features of this property?
This property features: Strong income potential with three separate units, ideal for investors or owner‑occupants.; Excellent location in East Oakland near schools, shopping, restaurants, and public transportation.; Easy freeway access provides commuter convenience throughout the Bay Area.
