3309 64th Ave · Oakland, CA 94605

$599,888

4 bd · 4.0 ba · 1,639 sqft · MultiFamily public records · 35 Days on market

Built 1939 3,625 sqft lot $366/sqft · 13% below area Est $693k · 13% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.1/30.0
• ARV discount +13.5/15.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Livability +3.6/5.0
• Schools +3.0/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

Great opportunity to own a well-located triplex in the heart of East Oakland! Oakland 3309 64th Ave offers strong income potential with three separate units, making it ideal for investors or owner-occupants seeking rental income. This versatile multi-unit property features spacious living areas, functional layouts, and private entrances for each unit. Conveniently located near schools, shopping, restaurants, public transportation, and easy freeway access, providing excellent commuter convenience throughout the Bay Area. The property sits in an established neighborhood with continued growth and development opportunities nearby. Whether you are looking to expand your investment portfolio or l

Key facts

• Private entrances
• Triplex
• Three separate units

Tags

• TRIPLEX
• THREE SEPARATE UNITS
• PRIVATE ENTRANCES
• ESTABLISHED NEIGHBORHOOD
• EXCELLENT COMMUTER CONVENIENCE

Property features AI

Finance

• Financial info: 3 total units (triplex)

Exterior

• Parking: Total of 3 parking spaces; Parking lot; Uncovered parking spaces; Street parking; No garage
• Utilities: Public water
• Home design: Residential income property (triplex); Built in 1939
• Construction: Stucco construction
• Exterior features: Front yard; Side yard; Terraced back yard; Corner lot; Rectangular lot; Street lights nearby

Interior

• Flooring: Hardwood; Laminate; Tile; Unfinished
• Bathrooms: Unit 1: 1 bathroom; Unit 2: 1 bathroom; Unit 3: 2 bathrooms
• Heating & cooling: Natural gas heating; Wall furnace; No air conditioning
• Interior features: Hardwood, laminate, tile, and unfinished flooring

What this means for you Summary

Snapshot

• This is a 3 × 4-bed/4.0-bath units multifamily listed at $600k.

Deal economics

• At list price, monthly cash flow is $2k ($25k/yr) — positive. Per door: $691/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $600k).
• Recommended offer: $582k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 2.4% in Oakland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#224 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: schools C-, crime F, cost of living F.
• Oakland Unified (urban): math 27% / reading 33% proficiency, ranked #1,007 of 1,400 in CA (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 186 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,742 units permitted in Alameda County in 2024 (856 in 5+ unit buildings).
• At $8,085/mo this rent would consume 91% of the median local household income ($106k/yr) (locally 2086% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $18k of value loss. Plan a longer hold.
• Alameda County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($582k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $520k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $581,891 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.35% ✓
• Cap rate: 10.44%
• Cash-on-cash: 14.82%
• DSCR: 1.66
• GRM: 6.2

CMA / ARV

• ARV (median comp): $692,788
• List price: $599,888
• Delta: -13.41%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6610-6612 Bancroft Ave	0.34mi	5/2.0 (+1)	1,750 (+7%)	8mo	$699,000	$399	53
3137 60th Ave	0.25mi	4/2.0	1,513 (-8%)	18mo	$550,000	$364	52
2825 67th Ave	0.31mi	3/3.0 (-1)	1,717 (+5%)	23mo	$585,000	$341	50
6133 Seminary Ave	0.44mi	4/2.0	1,831 (+12%)	9mo	$660,000	$360	44
5981 Majestic Ave	0.28mi	4/2.0	1,869 (+14%)	20mo	$765,000	$409	39
6932 Macarthur Blvd	0.39mi	3/2.0 (-1)	1,476 (-10%)	16mo	$650,000	$440	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.65% rent growth · sell at horizon

5-year hold

• IRR: 2.6%
• Equity multiple: 1.10×
• Total profit: $16,430
• Equity at exit: $89,445

10-year hold

• IRR: 9.7%
• Equity multiple: 1.67×
• Total profit: $112,188
• Equity at exit: $51,867

Cash invested: $167,969 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Oakland: 0 Strongly Tenant-Friendly · D+62

Rent Adjustment Program + Just Cause.

Methodology + full state rankings →

ZIP-level market 94605

• Rents YoY: 0.7%
• Active inventory: 186
• Price-to-rent: 18.5×

Monthly cashflow live

• Estimated rent: $8,085 medium
• Mortgage (P&I): −$3,146
• Tax from tax record: −$917 /mo · $11,008/yr
• Insurance: −$250
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,698
• Net cashflow: $2,074

Break-even live

Break-even rent $5,460

Max offer price $599,888

Occupancy floor 69%

Sensitivity live

Price	-10% $2,414	-5% $2,244	+0% $2,074	+5% $1,904	+10% $1,734
Rent	-10% $1,435	-5% $1,755	+0% $2,074	+5% $2,393	+10% $2,713
Rate	-1.0pp $2,376	-0.5pp $2,227	base $2,074	+0.5pp $1,919	+1.0pp $1,760

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	4	4	$8,085
Total (3 units)			$8,085

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $149,972
• Closing costs: $17,997
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3337 64th Avenue Pl Oakland, CA	3.0	2.0	1410	$3,800	$2.70	11d	1	0.07mi
3849 Delmont Ave Oakland, CA	3.0	2.0	1496	$3,950	$2.64	44d	1	0.47mi
5875 Picardy Dr Oakland, CA	4.0	2.5	1906	$5,200	$2.73	44d	1	0.47mi
5307 Hillen Dr Oakland, CA	3.0	2.0	1831	$3,895	$2.13	5d	1	0.80mi
5834 Elizabeth St Oakland, CA	3.0	1.0	1050	$3,724	$3.55	44d	1	0.83mi
6088 Old Quarry Loop #5207 Oakland, CA	4.0	3.0	1687	$4,250	$2.52	3d	1	0.83mi
7625 Lockwood St Oakland, CA	5.0	3.0	2115	$1,199	$0.57	44d	1	0.89mi
7724 Crest Ave Oakland, CA	3.0	1.0	1500	$3,300	$2.20	44d	1	0.96mi
6252 Ridgemont Dr Oakland, CA	3.0	2.5	1885	$5,495	$2.92	0d	1	0.97mi
8109 Hillside St Oakland, CA	3.0	1.0	1182	$3,300	$2.79	44d	1	1.06mi
8027 Ney Ave Unit 1 Oakland, CA	4.0	2.0	1300	$4,413	$3.39	0d	1	1.08mi
1715 82nd Ave Oakland, CA	3.0	2.0	1290	$3,000	$2.33	44d	1	1.14mi
3210 82nd Ave Oakland, CA	3.0	2.0	1462	$4,300	$2.94	21d	1	1.25mi
4254 Gregory St Oakland, CA	3.0	3.0	1949	$4,500	$2.31	44d	1	1.34mi
1924 51st Ave Unit 3 Oakland, CA	3.0	2.0	1100	$6,800	$6.18	44d	1	1.34mi
8600 MacArthur Blvd Apt C Oakland, CA	3.0	1.0	1200	$2,600	$2.17	44d	1	1.39mi
2169 48th Ave Unit A Oakland, CA	3.0	1.0	1145	$2,995	$2.62	44d	1	1.42mi

Listing history 50 events

1. 2026-06-18
   days on market $599,888 Active 35 DOM
2. 2026-06-17
   days on market $599,888 Active 34 DOM
3. 2026-06-16
   days on market $599,888 Active 33 DOM
4. 2026-06-15
   days on market $599,888 Active 32 DOM
5. 2026-06-13
   days on market $599,888 Active 30 DOM
6. 2026-06-13
   days on market $599,888 Active 29 DOM
7. 2026-06-09
   days on market $599,888 Active 26 DOM
8. 2026-06-08
   days on market $599,888 Active 25 DOM
9. 2026-06-07
   days on market $599,888 Active 24 DOM
10. 2026-06-04
    days on market $599,888 Active 21 DOM
11. 2026-06-03
    days on market $599,888 Active 20 DOM
12. 2026-06-02
    days on market $599,888 Active 19 DOM
13. 2026-06-01
    days on market $599,888 Active 18 DOM
14. 2026-05-31
    days on market $599,888 Active 17 DOM
15. 2026-05-14
    listed $599,888 Active 831-char remark
16. 2021-01-31
    historical
17. 2020-12-18
    price
18. 2020-12-13
    listed New
19. 2018-09-24
    historical
20. 2016-12-22
    soldstatus $520,000 Sold
21. 2016-12-22
    soldstatus $520,000
22. 2016-12-06
    soldstatus $520,000
23. 2016-11-01
    status Pending
24. 2016-10-19
    price $479,000
25. 2016-10-18
    listed $439,000 New
26. 2016-10-18
    listed $479,000
27. 2014-07-02
    historical
28. 2014-07-01
    soldstatus $355,000 Sold
29. 2014-07-01
    soldstatus $355,000 Sold
30. 2014-06-30
    soldstatus $355,000
31. 2014-05-11
    status Pending - Show for Backups
32. 2014-05-11
    status Pending - Show for Backups
33. 2014-04-22
    price $359,000 Price Change
34. 2014-04-19
    price $359,000 Price Change
35. 2014-03-20
    listed $389,000 New
36. 2014-03-19
    listed $389,000 New
37. 2014-03-19
    historical
38. 2014-02-16
    status Pending - Show for Backups
39. 2013-12-29
    price Price Change
40. 2013-12-19
    listed New
41. 2011-07-06
    soldstatus $215,000 Sold
42. 2011-06-01
    soldstatus $215,000
43. 2011-04-19
    status Pending
44. 2011-03-22
    price $219,500 Price Change
45. 2011-02-17
    price $229,500 Price Change
46. 2011-01-31
    listed $249,950 New
47. 2009-03-27
    soldstatus $117,500 Sold
48. 2009-01-19
    historical
49. 2008-12-24
    price $140,025
50. 2008-12-09
    price $144,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $11,008 · $917/mo
• Projected year-2 tax: $11,008 · $917/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥84°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 14 unhealthy d/yr today · 14 by 30 yrs out

Taxation est. · year 1

• Rental income: $97,020
• − Mortgage interest: −$33,603
• − Property taxes: −$11,008
• − Insurance: −$2,999
• − Repairs & maintenance: −$7,762
• − Management: −$7,762
• − Depreciation: −$17,451
• Taxable income: $16,435
• Est. tax owed @ 24.0%: −$3,944
• After-tax cash flow: $20,943/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Oakland Unified
• NCES district ID: 0628050
• Math proficiency: 27% ▬ 0.00%
• Reading proficiency: 33% ▬ 0.00%
• Median HH income: $55,194
• Composite: 29.52/100
• National rank: #11769
• State rank: #1007 of 1400 in CA

Livability — Oakland

• Score: 71/100
• State rank: #224
• US rank: #7245

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing B Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oakland, CA
• County: Alameda County · 1,614,355 people
• City population: 385,993
• Metro: San Francisco-Oakland-Berkeley, CA
• Population (ZIP): 44,103
• Household income: $106,068
• Rent vs Own: 37.1% rent · 62.9% own
• Severe rent burden: 2086.0

Population outlook (Alameda County) Hauer SSP2

• Today (2025): 1,928,884 people
• By 2030: 2,069,146 · +7.3%
• By 2040: 2,338,405 · +21.2%
• By 2050: 2,586,608 · +34.1%
• By 2075: 3,061,911 · +58.7%
• By 2100: 3,234,133 · +67.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Black 40% Hispanic / Latino 27% White 17% Two or more races 11% Asian 9%
• Hispanic origin (detail): Mexican 18% Puerto Rican 1%
• Common ancestry: Italian 2% Lithuanian 1% Romanian 1%
• Foreign-born: 20% · Canada, China, Vietnam
• Languages at home: 70% English-only · Spanish 21% Chinese 2% Other Asian/Pacific 2%

Political lean MEDSL · Alameda

• 2024 margin: Solid D (+53.6) · D 74.6% · R 21.0% · Other 4.4%
• 2008→2024 swing: -5.9pp toward R · 2008: 59.5pp · 2024: 53.6pp
• All cycles: 2024: D+53.6 2020: D+62.5 2016: D+64.4 2012: D+59.8 2008: D+59.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -793.09%
• Current HPI: 294.5467
• Rent YoY: ▲ 0.65%
• Metro: San Francisco-Oakland-Berkeley, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+50.0% since first listed

46 events — show timeline

• 2026-05-14 Listed $599,888 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2021-01-31 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2020-12-18 Price Changed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2020-12-13 Listed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2018-09-24 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2016-12-22 Sold (MLS) $520,000 SDMLS
• 2016-12-22 Sold (MLS) $520,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2016-12-06 Sold (Public Records) $520,000 Public Records
• 2016-11-01 Pending — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2016-10-19 Price Changed $479,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2016-10-18 Listed $439,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2016-10-18 Listed $479,000 SDMLS
• 2014-07-02 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2014-07-01 Sold (MLS) $355,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2014-07-01 Sold (MLS) $355,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2014-06-30 Sold (Public Records) $355,000 Public Records
• 2014-05-11 Pending — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2014-05-11 Pending — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2014-04-22 Price Changed $359,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2014-04-19 Price Changed $359,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2014-03-20 Listed $389,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2014-03-19 Listed $389,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2014-03-19 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2014-02-16 Pending — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2013-12-29 Price Changed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2013-12-19 Listed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2011-07-06 Sold (MLS) $215,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2011-06-01 Sold (Public Records) $215,000 Public Records
• 2011-04-19 Pending — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2011-03-22 Price Changed $219,500 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2011-02-17 Price Changed $229,500 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2011-01-31 Listed $249,950 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2009-03-27 Sold (MLS) $117,500 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2009-01-19 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2008-12-24 Price Changed $140,025 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2008-12-09 Price Changed $144,900 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2008-12-04 Price Changed $160,050 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2008-11-21 Listed $163,200 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2007-11-09 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2006-11-01 Sold (Public Records) $629,000 Public Records
• 2006-09-11 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2006-04-12 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2005-07-29 Sold (Public Records) $400,000 Public Records
• 2005-07-29 Sold (MLS) $400,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2005-07-01 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2005-06-17 Listed $399,950 bridgeMLS, Bay East AOR, or Contra Costa AOR

Property tax history

-1.8%/yr

Latest (2025): $11,008 · +4.3% YoY. Source: county tax records.