Building Details

Building Size 1,639 SF

Year Built 1939

Listing Agency: Real Estate Ebroker Inc

Listed By: Son Luu · License #01711002 Show Phone

Source: Evrealestate

Added: May 14 Changed: Oct 13 Last Checked: Oct 16 at 6:17AM

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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 / Yr

$33,176

Cap Rate

5.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$663,520 $663.5K

Cap Rate 7%

$473,943 $473.9K

Cap Rate 9%

$368,622 $368.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,639 SF

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 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 (±1% cap)

NOI $33,176 @ 7.0% cap · market cap 5.53%

Second Best

Apartment 5plus

$424.8K

$371.7K – $495.7K (±1% cap)

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. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Parking Lot & Garage Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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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.