Updated Two-Unit
For Sale
$1,050,000
5401 Genoa, Oakland, CA 94611
Two tenant-occupied three-bedroom units include in-unit laundry and flexible live-in or rental use.
Property Size2,439 SF
Price / SF$430.50
Days on Market8
Property Features for 5401 Genoa
General Information
Standard status
Active
Size
2,439 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
in-unit washer and dryer
Building Details
Year Built
1940
Year Renovated
2017
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Rosie Nysaether · License #01259396
(510) 599-4453
Source:
Bayarearealestatesearch
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 22 at 2:06PM
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 Compass
Investment Insights
Based on property information with market context.
The duplex at 5401 Genoa in Oakland contains two three-bedroom, one-bath units within a 2,439-square-foot property. Both residences were updated and renovated in 2017 and include in-unit washers and dryers. The building dates to 1940 and sits on a corner lot with no off-street parking.
Both units are currently tenant occupied. The property offers a two-unit residential income configuration, with access to neighborhood shops and transportation. Its unit layout supports continued rental use or an owner-occupancy arrangement with one residence retained for personal use and the other rented.
Both units are currently tenant occupied. The property offers a two-unit residential income configuration, with access to neighborhood shops and transportation. Its unit layout supports continued rental use or an owner-occupancy arrangement with one residence retained for personal use and the other rented.
Key Highlights
- Two 3‑bedroom, 1‑bath units
- 2,439‑square‑foot duplex on a corner lot
- Both units updated and renovated in 2017
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
$45,001
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
4.29%
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%
$900,020
$900.0K
Cap Rate 7%
$642,871
$642.9K
Cap Rate 9%
$500,011
$500.0K
Market Conditions
NOI Build-Up for 2,439 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
$67.3K $27.60/SF
− Vacancy
−$3.0K −$1.24/SF
EGI
$64.3K $26.36/SF
− OpEx
−$19.3K −$7.91/SF
NOI
$45.0K $18.45/SF
Area
ZIP 94611
Vacancy
4.50%
Lease Rate
$27.60 /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%
$900,020
Cap Rate 7%
$642,871
Cap Rate 9%
$500,011
Alternative Uses
Best Use
Multifamily LT 5
$642.9K
$562.5K – $750.0K
NOI $45,001 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$594.8K
$520.5K – $694.0K
NOI $41,638 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.03M
$899.0K – $1.20M
NOI $71,921 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,158
Businesses Nearby
Explore this area
Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
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 tenant-occupied three-bedroom units include in-unit laundry and flexible live-in or rental use.
Where is this duplex located?
The property is located at 5401 Genoa Oakland, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units; 2,439‑square‑foot duplex on a corner lot; Both units updated and renovated in 2017
