View-Oriented Duplex with Flexible
New
For Sale
$2,695,000
6425 Snake Road, Oakland, CA 94611
Two-level main residence includes updated kitchens, decks, office space, and a separate ground-floor residence.
Property Size4,789 SF
Price / SF$562.75
Days on Market5
Property Features for 6425 Snake Road
General Information
Standard status
Active
Size
4,789 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
gas fire pit
expansive decks
detached bonus structure
Tesla charger
Building Details
Year Built
1955
Buildings
2
Construction
Mid-Century Modern
Listing Agency:
Sequoia Real Estate
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 22 at 4:14PM
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 Sequoia Real Estate
Investment Insights
Based on property information with market context.
This 4,789-square-foot duplex property, built in 1955, combines a substantial two-level primary residence with a separate ground-floor residence. The main home includes 6 bedrooms, 4.5 bathrooms, an office, multiple living areas, hardwood floors, vaulted ceilings, skylights, and expansive decks. Its upper level has an updated kitchen with Carrara marble counters and a waterfall island, while the lower level adds a second kitchen, media room, four bedrooms, and a separate entrance. The additional residence offers 1 bedroom, a renovated kitchen and bath, an open layout, and a fireplace-equipped living room.
Located at 6425 Snake Road in Oakland, the property overlooks Montclair Village and has views extending toward downtown Oakland, the Berkeley Campanile, San Francisco Bay, and three Bay Area bridges. Exterior features include landscaped grounds, mature trees, hardscape, turf lawn, a gas fire pit, and multiple outdoor gathering areas. A detached bonus structure can serve as an office, studio, gym, playroom, or retreat. The property also includes a 2-car side-by-side garage with Tesla charger, additional vehicle parking, storage, and digital locks.
Located at 6425 Snake Road in Oakland, the property overlooks Montclair Village and has views extending toward downtown Oakland, the Berkeley Campanile, San Francisco Bay, and three Bay Area bridges. Exterior features include landscaped grounds, mature trees, hardscape, turf lawn, a gas fire pit, and multiple outdoor gathering areas. A detached bonus structure can serve as an office, studio, gym, playroom, or retreat. The property also includes a 2-car side-by-side garage with Tesla charger, additional vehicle parking, storage, and digital locks.
Key Highlights
- 4,789‑square‑foot duplex property at 6425 Snake Road, Oakland, CA 94611
- Main residence includes 6 bedrooms, 4.5 bathrooms, office, multiple living areas, and expansive decks
- Separate residence has 1 bedroom, renovated kitchen and bath, open layout, and fireplace
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
$88,360
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
3.28%
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%
$1,767,200
$1.8M
Cap Rate 7%
$1,262,286
$1.3M
Cap Rate 9%
$981,778
$981.8K
Market Conditions
NOI Build-Up for 4,789 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
$132.2K $27.60/SF
− Vacancy
−$5.9K −$1.24/SF
EGI
$126.2K $26.36/SF
− OpEx
−$37.9K −$7.91/SF
NOI
$88.4K $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%
$1,767,200
Cap Rate 7%
$1,262,286
Cap Rate 9%
$981,778
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,360 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,756 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$2.02M
$1.77M – $2.35M
NOI $141,218 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level main residence includes updated kitchens, decks, office space, and a separate ground-floor residence.
Where is this duplex located?
The property is located at 6425 Snake Road Oakland, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 4,789‑square‑foot duplex property at 6425 Snake Road, Oakland, CA 94611; Main residence includes 6 bedrooms, 4.5 bathrooms, office, multiple living areas, and expansive decks; Separate residence has 1 bedroom, renovated kitchen and bath, open layout, and fireplace
