Updated
For Sale
$850,000
753 Warfield Ave, Oakland, CA 94610
Two primary apartments and an occupied basement unit provide a varied residential configuration.
Property Size1,806 SF
Price / SF$470.65
Days on Market125
Property Features for 753 Warfield Ave
General Information
Standard status
Active
Size
1,806 SF
Total Parking Spaces
1
Property subtype
Multi Family Home
Site & Location
Neighborhood
Grand Lake
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA, 1 x non-conforming unit
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
Back Yard
Building Details
Building Size
1,806 SF
Year Built
1917
Listing Agency:
EQUITY FIRST REAL ESTATE
Listed By:
Milly Barros · License #01291981
(925) 634-9400
Source:
Equityfirstre
Added: Jun 24
Changed: Oct 25
Last Checked: Oct 26 at 3:38AM
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 EQUITY FIRST REAL ESTATE
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Investment Insights
Based on property information with market context.
This 1,806-square-foot Oakland triplex was built in 1917 and includes a street-level apartment, an upper apartment with its own entrance, and a nonconforming basement unit. The street-level layout is currently one bedroom and one bathroom; it was previously configured with two bedrooms. The upper apartment also has one bedroom and one bathroom. Each unit has living and dining areas, and the upper apartment offers panoramic views. The garage has been converted to a workshop.
Recent improvements include a roof, downspouts, porch, interior and exterior finishes, wiring, heating, bath updates, and front landscaping. The kitchen features granite counters, upgraded cabinets, a stainless steel sink, dishwasher, range, and refrigerator. The property is near Lake Merritt, Morcom Rose Garden, shops, restaurants, grocery stores, BART, bus service, Grand Lake Theatre, a weekly farmers market, and Highway 580. Its walk score is 97.
Recent improvements include a roof, downspouts, porch, interior and exterior finishes, wiring, heating, bath updates, and front landscaping. The kitchen features granite counters, upgraded cabinets, a stainless steel sink, dishwasher, range, and refrigerator. The property is near Lake Merritt, Morcom Rose Garden, shops, restaurants, grocery stores, BART, bus service, Grand Lake Theatre, a weekly farmers market, and Highway 580. Its walk score is 97.
Key Highlights
- 1,806‑square‑foot triplex built in 1917
- Street‑level apartment has one bedroom and one bathroom; formerly configured with two bedrooms
- Upper one‑bedroom, one‑bathroom apartment has a separate entrance and panoramic views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,389
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,780
$827.8K
Cap Rate 7%
$591,271
$591.3K
Cap Rate 9%
$459,878
$459.9K
Market Conditions
NOI Build-Up for 1,806 SF
Gross rent
$61.8K $34.20/SF
− Vacancy
−$2.6K −$1.46/SF
EGI
$59.1K $32.74/SF
− OpEx
−$17.7K −$9.82/SF
NOI
$41.4K $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%
$827,780
Cap Rate 7%
$591,271
Cap Rate 9%
$459,878
Alternative Uses
Best Use
Multifamily LT 5
$591.3K
$517.4K – $689.8K
NOI $41,389 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$544.8K
$476.7K – $635.6K
NOI $38,134 @ 7.0% cap · market cap 4.49%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,470
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Two primary apartments and an occupied basement unit provide a varied residential configuration.
Where is this triplex located?
The property is located at 753 Warfield Ave Oakland, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1,806‑square‑foot triplex built in 1917; Street‑level apartment has one bedroom and one bathroom; formerly configured with two bedrooms; Upper one‑bedroom, one‑bathroom apartment has a separate entrance and panoramic views
