Renovated Multi-Family with Guest
7523 Outlook Ave Oakland, CA 94605
7523 Outlook Ave, Oakland, CA, 94605
$989,000
For Sale
$989,000
Extensively renovated three-level multifamily with separate laundry, on-demand water heaters, and gas furnaces for each unit.
Property Size3,376 SF
Lot Size0.16 Acres
Price / SF$292.95
Days on Market60
Property Features for 7523 Outlook Ave
General Information
- Standard status
- Active
- Size
- 3,376 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1935
Listing agency
Red Oak Realty
(510) 499-1235
Listed by
Thomas Garabedian Cone · License #02034258
(510) 499-1235
Source
Exitrealty
Added: May 23 Updated: Jul 20 at 7:20PM Checked: Jul 21 at 4:57AM
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.
This extensively renovated three-level multifamily home is designed for flexible living. The main residence features hardwood floors, a remodeled kitchen with stone countertops, quality cabinetry, stainless steel appliances, and tile flooring, along with a charming breakfast room. Formal living and dining rooms provide dedicated entertaining space, while the spacious living room includes a classic fireplace and abundant natural light. Five bedrooms and two bathrooms are situated on the upper levels.
A thoughtfully designed lower-level guest unit offers slate flooring, an open-concept living area, and a modern kitchen, plus two bedrooms and a full bathroom. The guest unit also provides direct yard access.
For convenience and privacy, each unit has its own laundry, on-demand water heater, and gas furnace. Per public record, the property sits on a deep lot, and it is located in the Eastmont Hills neighborhood known for its storybook Normandy-style homes dating back to the 1930s.
A thoughtfully designed lower-level guest unit offers slate flooring, an open-concept living area, and a modern kitchen, plus two bedrooms and a full bathroom. The guest unit also provides direct yard access.
For convenience and privacy, each unit has its own laundry, on-demand water heater, and gas furnace. Per public record, the property sits on a deep lot, and it is located in the Eastmont Hills neighborhood known for its storybook Normandy-style homes dating back to the 1930s.
Key Highlights
- Extensively renovated three‑level multifamily built in 1935 in Eastmont Hills
- Deep 6,992± sq ft lot (per public record) with sweeping distant water views
- Main residence includes hardwood floors, remodeled kitchen with stone countertops, and a classic fireplace
Local 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 | $103.3k | $30.60 |
| − Vacancy | −$5.7k | −$1.68 |
| EGI | $97.6k | $28.92 |
| − OpEx | −$29.3k | −$8.68 |
| NOI | $68.3k | $20.24 |
3,376 SF · lease $30.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$976.2K
$854.2K – $1.14M
NOI $68,337 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$875.1K
$765.7K – $1.02M
NOI $61,257 @ 7.0% cap · market cap 6.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A Good Buy121
Home Decor Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Extensively renovated three-level multifamily with separate laundry, on-demand water heaters, and gas furnaces for each unit.
Where is this duplex located?
The property is located at 7523 Outlook Ave Oakland, CA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Extensively renovated three‑level multifamily built in 1935 in Eastmont Hills; Deep 6,992± sq ft lot (per public record) with sweeping distant water views; Main residence includes hardwood floors, remodeled kitchen with stone countertops, and a classic fireplace
