Renovated Duplex with Bonus
For Sale
$560,000
935 106Th Ave, Oakland, CA 94603
Two updated units include separate gas and electric metering, plus a gated driveway and off-street parking.
Property Size1,335 SF
Price / SF$419.48
Days on Market13
Property Features for 935 106Th Ave
General Information
Standard status
Active
Size
1,335 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x studio (1BR/1BA)
Multifamily Units
3
Amenities
off-street parking
storage shed
Building Details
Year Built
1961
Buildings
1
Listing Agency:
LBL PROPERTIES
(510) 594-9700
Listed By:
Brittney Edwards · License #01747073
(510) 313-3595
Source:
Exitrealty
Added: Aug 26
Changed: Sep 5
Last Checked: Sep 7 at 7:34AM
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 LBL PROPERTIES
Investment Insights
Based on property information with market context.
The duplex at 935 and 937 106th Ave includes two residential units, each configured with 2 bedrooms and 1 bathroom. Interior updates include wide-plank flooring, white shaker cabinets, quartz countertops, and refreshed bathrooms. Each unit has separate gas and electric metering. A bonus non-conforming studio adds a bedroom and full bathroom; buyer to verify. The property is vacant and offered as-is.
Exterior features include a gated driveway with secured off-street parking and a detached storage shed. The property also has a front flower bed. Public transportation access includes AC Transit and Coliseum BART, with I-880 providing regional freeway access. Originally built in 1961, the property is positioned as a duplex with an additional non-conforming space.
Exterior features include a gated driveway with secured off-street parking and a detached storage shed. The property also has a front flower bed. Public transportation access includes AC Transit and Coliseum BART, with I-880 providing regional freeway access. Originally built in 1961, the property is positioned as a duplex with an additional non-conforming space.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- Updated flooring, shaker cabinetry, quartz counters, and bathrooms
- Separate gas and electric meters for each unit
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
$27,261
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
4.87%
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%
$545,220
$545.2K
Cap Rate 7%
$389,443
$389.4K
Cap Rate 9%
$302,900
$302.9K
Market Conditions
NOI Build-Up for 1,335 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
$41.7K $31.20/SF
− Vacancy
−$2.7K −$2.03/SF
EGI
$38.9K $29.17/SF
− OpEx
−$11.7K −$8.75/SF
NOI
$27.3K $20.42/SF
Area
ZIP 94603
Vacancy
6.50%
Lease Rate
$31.20 /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%
$545,220
Cap Rate 7%
$389,443
Cap Rate 9%
$302,900
Alternative Uses
Best Use
Multifamily LT 5
$389.4K
$340.8K – $454.4K
NOI $27,261 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$361.3K
$316.1K – $421.5K
NOI $25,290 @ 7.0% cap · market cap 4.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 94603, CA
36,681
Population
11,199
Households
3.3
Avg Household Size
32
Median Age
15%
College-Educated
69%
High-School Grad
2.7 sq mi
ZIP Area
13,586
Density / Sq Mi
$71,086
Median Household Income
$37,025
Median Earnings
$1,838
Median Rent
$596,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two updated units include separate gas and electric metering, plus a gated driveway and off-street parking.
Where is this duplex located?
The property is located at 935 106Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; Updated flooring, shaker cabinetry, quartz counters, and bathrooms; Separate gas and electric meters for each unit
