Mixed-Use Income
414 E 12Th St Oakland, CA 94606
New
For Sale
$798,000
MULTI_FAMILY - Oakland, CA
Property Size3,000 SF
Lot Size0.09 Acres
Price / SF$266
Days on Market5
Property Features for 414 E 12Th St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Rooms
Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 1
Parking
2
Parking features
Off Street
Appliances
Gas Water Heater
Standard status
Active
APN
2012515
Size
3,000 SF
Lot size
0.09 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1900
Flooring type
Laminate
Building materials
Stucco
Listing Agency:
Michael James Real Estate
(510) 835-2828
Listed By:
Denise MaNguyen
(510) 593-7367
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This mixed-use income property includes two residential units and a storefront commercial space. The resident units feature remodeled kitchens and bathrooms.
The asset is located at 414 E 12th St in Oakland, CA 94606 and is described as being within blocks of Lake Merritt. The listing also states the property is in an Opportunity Zone.
The total building size is listed as 3,000 square feet on a 0.0861-acre lot, and the offering is for sale. The public remarks note that the property does not offer FHA loan eligibility.
The asset is located at 414 E 12th St in Oakland, CA 94606 and is described as being within blocks of Lake Merritt. The listing also states the property is in an Opportunity Zone.
The total building size is listed as 3,000 square feet on a 0.0861-acre lot, and the offering is for sale. The public remarks note that the property does not offer FHA loan eligibility.
Key Highlights
- Mixed‑use building at 414 E 12th Street in an Opportunity Zone
- Includes 2 residential units plus a storefront commercial space
- Remodeled kitchens and bathrooms in the resident units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.2k | $32.40 |
| − Vacancy | −$5.1k | −$1.69 |
| EGI | $92.1k | $30.71 |
| − OpEx | −$27.6k | −$9.21 |
| NOI | $64.5k | $21.50 |
3,000 SF · lease $32.40/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$921.3K
$806.1K – $1.07M
NOI $64,488 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$842.0K
$736.8K – $982.3K
NOI $58,940 @ 7.0% cap · market cap 7.39%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Mixed-use building with two remodeled residential units and a storefront commercial space.
Where is this duplex 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 at 414 E 12th Street in an Opportunity Zone; Includes 2 residential units plus a storefront commercial space; Remodeled kitchens and bathrooms in the resident units
