Mixed-Use Building with
For Sale
$798,000
414 E 12Th St, Oakland, CA 94606
Residential Income, Oakland, CA
Property Size3,000 SF
Lot Size0.09 Acres
Price / SF$266
Days on Market102
Property Features for 414 E 12Th St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Parking
2
Parking features
Off Street
Appliances
Gas Water Heater
Subdivision
CLINTON
Lot features
Irregular Lot
Standard status
Active
APN
2012515
Size
3,000 SF
Lot size
0.09 Acres
Additional Details
Mixed-Use Components
residential, retail
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1900
Flooring type
Laminate
Building materials
Stucco
Buildings
1
Listing Agency:
Michael James Real Estate
(510) 835-2828
Listed By:
Denise MaNguyen
(510) 593-7367
Added: Jul 25
Changed: Nov 2
Last Checked: Nov 3 at 6:06AM
MLS# 41142848
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 414 E 12th Street in Oakland, this mixed-use property combines two residential units with a storefront commercial space. The building contains approximately 3,000 square feet on a 0.0861-acre lot and was constructed in 1900.
Both residential units feature remodeled kitchens and bathrooms. Additional property details include stucco construction, laminate flooring, natural gas heating, a gas water heater, and off-street parking. Public water and public sewer serve the property. The building is situated near Lake Merritt and lies within an Opportunity Zone.
Both residential units feature remodeled kitchens and bathrooms. Additional property details include stucco construction, laminate flooring, natural gas heating, a gas water heater, and off-street parking. Public water and public sewer serve the property. The building is situated near Lake Merritt and lies within an Opportunity Zone.
Key Highlights
- Mixed‑use building with 2 residential units and a storefront commercial space
- Approximately 3,000 square feet on a 0.0861‑acre lot
- Residential units feature remodeled kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,940
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,800
$1.2M
Cap Rate 7%
$842,000
$842.0K
Cap Rate 9%
$654,889
$654.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$113.4K $37.80/SF
− Vacancy
−$6.2K −$2.08/SF
EGI
$107.2K $35.72/SF
− OpEx
−$48.2K −$16.07/SF
NOI
$58.9K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,800
Cap Rate 7%
$842,000
Cap Rate 9%
$654,889
Alternative Uses
Best Use
Apartment 5plus
$842.0K
$736.8K – $982.3K
NOI $58,940 @ 7.0% cap · market cap 7.39%
Second Best
Mixed Use
$636.4K
$556.9K – $742.5K
NOI $44,550 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,662 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,960
Businesses Nearby
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Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled kitchens and bathrooms complement a storefront commercial space and two residential units.
Where is this mixed-use property located?
The property is located at 414 E 12Th St Oakland, CA.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Mixed‑use building with 2 residential units and a storefront commercial space; Approximately 3,000 square feet on a 0.0861‑acre lot; Residential units feature remodeled kitchens and bathrooms
