Edwardian Duplex with Bonus
For Sale
$1,295,000
455 Lagunitas Ave, Oakland, CA 94610
Two single-level duplex units with hardwood floors, fireplaces, ensuite baths, and walk-in closets, plus a remodeled bonus studio.
Days on Market38
Property Features for 455 Lagunitas Ave
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
4,095 SF
Year Built
1922
Construction
Edwardian
Tenancy
Multi
Listing Agency:
Red Oak Realty
(510) 384-3883
Listed By:
Gail Lillian
(510) 384-3883
Source:
Coastandcore
Added: Jun 25
Changed: Jul 31
Last Checked: Jul 31 at 7:11AM
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 Red Oak Realty
Investment Insights
Based on property information with market context.
455 Lagunitas Ave is an Edwardian-style duplex set at the end of a cul-de-sac, offering two single-level units plus a remodeled bonus studio with a private entrance. Each duplex unit features hardwood floors, a fireplace, ensuite bathrooms, walk-in closets, and abundant natural light through abundant windows. The street-level unit has a three-bedroom layout with refinished hardwood floors, a full bathroom, and an ensuite half bath. The upper unit has three bedrooms and two bathrooms, including a chef’s kitchen with a Thermador range and grill and dual-pane windows, with nearly 2,000 square feet of hardwood floors.
A newly updated studio with a full kitchen and full bath rounds out the property, with its own lower entrance for flexibility as guest space, rental income, or multigenerational living. Outside, there is a raised Brazilian ipe wood deck and an expansive yard.
The property is steps from Lake Merritt and tucked behind Grand Lake Kitchen and Oaktown Spice Shop, about one block from the Grand Lake Theater, with peek-a-boo views of Eastshore Park.
A newly updated studio with a full kitchen and full bath rounds out the property, with its own lower entrance for flexibility as guest space, rental income, or multigenerational living. Outside, there is a raised Brazilian ipe wood deck and an expansive yard.
The property is steps from Lake Merritt and tucked behind Grand Lake Kitchen and Oaktown Spice Shop, about one block from the Grand Lake Theater, with peek-a-boo views of Eastshore Park.
Key Highlights
- Edwardian‑style duplex at the end of a cul‑de‑sac near Lake Merritt
- Two single‑level units, each nearly 2,000 square feet, with hardwood floors and fireplaces
- Each unit includes ensuite bathrooms and walk‑in closets with abundant natural light
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 | $140.0k | $34.20 |
| − Vacancy | −$6.0k | −$1.46 |
| EGI | $134.1k | $32.74 |
| − OpEx | −$40.2k | −$9.82 |
| NOI | $93.8k | $22.92 |
4,095 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,848 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,466 @ 7.0% cap · market cap 6.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 94610, CA
31,261
Population
17,926
Households
1.7
Avg Household Size
39
Median Age
73%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
14,886
Density / Sq Mi
$130,435
Median Household Income
$90,577
Median Earnings
$2,184
Median Rent
$1,324,500
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?
Duplex - Two single-level duplex units with hardwood floors, fireplaces, ensuite baths, and walk-in closets, plus a remodeled bonus studio.
Where is this duplex located?
The property is located at 455 Lagunitas Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Edwardian‑style duplex at the end of a cul‑de‑sac near Lake Merritt; Two single‑level units, each nearly 2,000 square feet, with hardwood floors and fireplaces; Each unit includes ensuite bathrooms and walk‑in closets with abundant natural light
