Duplex with Private Driveway
For Sale
$888,999
704 Rand Ave, Oakland, CA 94610
A vacant four-bedroom main residence is paired with a legally permitted two-bedroom in-law unit and separate laundry hookups.
Property Size2,584 SF
Lot Size0.13 Acres
Price / SF$344.04
Days on Market14
Property Features for 704 Rand Ave
General Information
Standard status
Active
Size
2,584 SF
Total Parking Spaces
11
Lot size
0.13 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 4BR, 1 x 2BR
Multifamily Units
2
Amenities
hardwood floors
tankless water
individual laundry hookups
Building Details
Building Size
2,584 SF
Year Built
1912
Buildings
1
Listing Agency:
HomeSmart Bay Area
Listed By:
Michael Young
(415) 286-0831
Source:
Coastandcore
Added: Oct 2
Changed: Oct 14
Last Checked: Oct 13 at 3:51AM
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 HomeSmart Bay Area
Investment Insights
Based on property information with market context.
This duplex combines a four-bedroom main residence with a legal two-bedroom in-law unit, for six bedrooms and three full bathrooms across approximately 2,584 square feet. Built in 1912, the property has hardwood floors throughout, tankless water heating, and individual laundry hookups. The main residence is vacant; the in-law unit is tenant-occupied. A private driveway provides off-street parking for 11 cars.
The property is at 704 Rand Ave in Oakland, a few steps from Grand Ave, Grand Lake Theater, Grand Lake Farmers Market, and Lake Merritt. The 5,500-square-foot lot is zoned for up to seven units.
The property is at 704 Rand Ave in Oakland, a few steps from Grand Ave, Grand Lake Theater, Grand Lake Farmers Market, and Lake Merritt. The 5,500-square-foot lot is zoned for up to seven units.
Key Highlights
- Two‑unit configuration: four‑bedroom main residence and legal two‑bedroom in‑law unit
- Six bedrooms and three full bathrooms
- Approximately 2,584 square feet on a 5,500‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,219
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,380
$1.2M
Cap Rate 7%
$845,986
$846.0K
Cap Rate 9%
$657,989
$658.0K
Market Conditions
NOI Build-Up for 2,584 SF
Gross rent
$88.4K $34.20/SF
− Vacancy
−$3.8K −$1.46/SF
EGI
$84.6K $32.74/SF
− OpEx
−$25.4K −$9.82/SF
NOI
$59.2K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,380
Cap Rate 7%
$845,986
Cap Rate 9%
$657,989
Alternative Uses
Best Use
Multifamily LT 5
$846.0K
$740.2K – $987.0K
NOI $59,219 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$779.4K
$682.0K – $909.4K
NOI $54,561 @ 7.0% cap · market cap 6.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,282
Businesses Nearby
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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
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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 - A vacant four-bedroom main residence is paired with a legally permitted two-bedroom in-law unit and separate laundry hookups.
Where is this duplex located?
The property is located at 704 Rand Ave Oakland, CA.
What is the asking price?
The asking price for this property is $888,999.
What are key features of this property?
This property features: Two‑unit configuration: four‑bedroom main residence and legal two‑bedroom in‑law unit; Six bedrooms and three full bathrooms; Approximately 2,584 square feet on a 5,500‑square‑foot lot
