Two-Unit Duplex With
For Sale
$450,000
Pending
950 Loomis Ct, Oakland, CA 94606
Vacant duplex with an independent permitted upper-level ADU and private outdoor space.
Property Size1,694 SF
Days on Market84
Property Features for 950 Loomis Ct
General Information
Standard status
Pending
Size
1,694 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Asking Price
$499,999
Amenities
original hard surface floors
cozy brick fireplace
private outdoor yard
off-street parking
private backyard space
Building Details
Building Size
1,694 SF
Year Built
1912
Buildings
1
Listing Agency:
Garin Real Estate
(650) 619-3219
Listed By:
Yovany Acosta · License #02095932
(650) 619-3219
Source:
Coastandcore
Added: Jun 9
Changed: Aug 28
Last Checked: Aug 31 at 12:07AM
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 Garin Real Estate
Investment Insights
Based on property information with market context.
This two-unit duplex includes a main-level two-bedroom, one-bath residence and an upper-level one-bedroom, one-bath ADU with a separate entrance. The property is fully vacant and features original hard-surface flooring, a brick fireplace, abundant natural light, central air, and ceiling fans. Each residence offers independent living space, while the main home includes access to a private outdoor yard.
Located at 950 Loomis Ct in Oakland, the property provides off-street parking and private backyard space. Lake Merritt, I-880, and BART are identified as nearby access points. Built in 1912, the duplex combines a primary residence with a separately configured accessory dwelling unit.
Located at 950 Loomis Ct in Oakland, the property provides off-street parking and private backyard space. Lake Merritt, I-880, and BART are identified as nearby access points. Built in 1912, the duplex combines a primary residence with a separately configured accessory dwelling unit.
Key Highlights
- Two‑unit duplex with a 2‑Bed / 1‑Bath main residence
- Upper‑level 1‑Bed / 1‑Bath ADU with a private entrance
- Legally permitted ADU
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
$36,414
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
8.09%
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%
$728,280
$728.3K
Cap Rate 7%
$520,200
$520.2K
Cap Rate 9%
$404,600
$404.6K
Market Conditions
NOI Build-Up for 1,694 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
$54.9K $32.40/SF
− Vacancy
−$2.9K −$1.69/SF
EGI
$52.0K $30.71/SF
− OpEx
−$15.6K −$9.21/SF
NOI
$36.4K $21.50/SF
Area
ZIP 94606
Vacancy
5.22%
Lease Rate
$32.40 /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%
$728,280
Cap Rate 7%
$520,200
Cap Rate 9%
$404,600
Alternative Uses
Best Use
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$475.4K
$416.0K – $554.7K
NOI $33,281 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$771.7K
$675.2K – $900.3K
NOI $54,017 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with an independent permitted upper-level ADU and private outdoor space.
Where is this duplex located?
The property is located at 950 Loomis Ct Oakland, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑Bed / 1‑Bath main residence; Upper‑level 1‑Bed / 1‑Bath ADU with a private entrance; Legally permitted ADU
