Upgraded Move-In Ready
7856 Ney Ave Oakland, CA 94605
7856 Ney Ave, Oakland, CA, 94605
$825,000
For Sale
$825,000
Renovated upper and lower units with updated kitchens and baths, plus a spacious fenced backyard.
Property Size2,770 SF
Price / SF$297.83
Days on Market69
Property Features for 7856 Ney Ave
General Information
- Standard status
- Active
- Size
- 2,770 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1947
Listing agency
F A S Realty Inc.
(510) 629-1941
Listed by
Lawton Young · License #02225689
(510) 629-1941
Source
Exitrealty
Added: May 14 Updated: Jul 21 at 12:10AM Checked: Jul 21 at 4:21AM
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 F A S Realty Inc.
Investment Insights
Based on property information with market context.
This upgraded, move-in ready duplex offers an upper and lower residence with renovated kitchens and bathrooms. The spacious upper unit includes a primary suite, hardwood floors, and an open family room featuring a modern wet bar and brick fireplace. The lower 1 bed/1 bath unit is designed for easy access with no steps to entry and includes separate electric metering plus laundry hook-ups.
Set up for comfortable indoor-outdoor living, the property includes an expansive 5,000 SF backyard with new fencing, planter boxes, and a mature Redwood. Located in Oakland near I-580, the home provides convenient access while supporting flexible living arrangements.
The lower unit is currently rented at $1,500 per month, and the duplex configuration supports both owner-occupant and multi-generational use.
Set up for comfortable indoor-outdoor living, the property includes an expansive 5,000 SF backyard with new fencing, planter boxes, and a mature Redwood. Located in Oakland near I-580, the home provides convenient access while supporting flexible living arrangements.
The lower unit is currently rented at $1,500 per month, and the duplex configuration supports both owner-occupant and multi-generational use.
Key Highlights
- Duplex built in 1947 with renovated upper and lower units and fully updated kitchens and bathrooms
- Upper unit features Bay views, a primary suite, hardwood floors, and an open family room with modern wet bar and brick fireplace
- Lower 1 bed/1 bath unit has no‑steps entry and is rented at $1,500 per month with separate electric metering
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 | $84.8k | $30.60 |
| − Vacancy | −$4.7k | −$1.68 |
| EGI | $80.1k | $28.92 |
| − OpEx | −$24.0k | −$8.68 |
| NOI | $56.1k | $20.24 |
2,770 SF · lease $30.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$801.0K
$700.9K – $934.5K
NOI $56,070 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$718.0K
$628.3K – $837.7K
NOI $50,261 @ 7.0% cap · market cap 6.09%
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
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated upper and lower units with updated kitchens and baths, plus a spacious fenced backyard.
Where is this duplex located?
The property is located at 7856 Ney Ave Oakland, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Duplex built in 1947 with renovated upper and lower units and fully updated kitchens and bathrooms; Upper unit features Bay views, a primary suite, hardwood floors, and an open family room with modern wet bar and brick fireplace; Lower 1 bed/1 bath unit has no‑steps entry and is rented at $1,500 per month with separate electric metering
