10419 San Leandro St · Oakland, CA 94603

$499,000

6 bd · 3.0 ba · 2,284 sqft · MultiFamily public records · 92 Days on market

Built 1949 5,201 sqft lot $218/sqft · 17% below area Est $602k · 17% under

---

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 +28.9/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Livability +3.6/5.0
• Schools +3.0/10.0
• Rent growth +2.9/5.0
• 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 MLS

Well-located triplex in East Oakland offering a strong opportunity for investors or owner-users. The property consists of three units totaling approximately 2,284 SF, providing multiple income streams and long-term upside potential. Situated along San Leandro Street with convenient access to I-880 and nearby transit, the location supports easy commuting and tenant appeal. The property offers functional layouts and on-site space for parking and everyday convenience. A solid addition to any investment portfolio in a steadily growing area.

Key facts

• Triplex
• Functional layouts
• Nearby transit

Tags

• TRIPLEX
• MULTIPLE INCOME STREAMS
• LONG-TERM UPSIDE POTENTIAL
• CONVENIENT ACCESS TO I-880
• NEARBY TRANSIT
• FUNCTIONAL LAYOUTS

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $499k.

Deal economics

• At list price, monthly cash flow is $2k ($20k/yr) — positive. Per door: $562/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $499k).
• Recommended offer: $454k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.3% 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 rising (+1.6%/yr); 98 active listings in the ZIP; solid renter incomes; 1,742 units permitted in Alameda County in 2024 (856 in 5+ unit buildings).
• At $6,927/mo this rent would consume 108% of the median local household income ($77k/yr) (locally 2061% 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 $3k of loan paydown is wiped out by about $15k 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.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $140k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($454k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 29y 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.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $454,090 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% 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 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.39% ✓
• Cap rate: 10.35%
• Cash-on-cash: 14.48%
• DSCR: 1.64
• GRM: 6.0

CMA / ARV

• ARV (median comp): $601,713
• List price: $499,000
• Delta: -17.07%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10607 Pippin St	0.13mi	6/3.0	2,175 (-5%)	22mo	$675,000	$310	67
10711 Russet St	0.18mi	6/2.0	2,019 (-12%)	10mo	$350,000	$173	60
9285 D St	0.67mi	6/2.0	2,342 (+2%)	7mo	$690,000	$295	54
1250 95th Ave	0.67mi	6/3.0	2,582 (+13%)	7mo	$830,000	$321	41
1253 96th Ave	0.64mi	6/4.5	2,600 (+14%)	19mo	$725,000	$279	25

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 · 1.58% rent growth · sell at horizon

5-year hold

• IRR: 3.2%
• Equity multiple: 1.12×
• Total profit: $17,040
• Equity at exit: $74,403

10-year hold

• IRR: 11.3%
• Equity multiple: 1.83×
• Total profit: $115,414
• Equity at exit: $43,144

Cash invested: $139,720 (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 94603

• Rents YoY: 1.6%
• Active inventory: 98
• Price-to-rent: 18.0×

Monthly cashflow live

• Estimated rent: $6,927 high
• Mortgage (P&I): −$2,617
• Tax from tax record: −$962 /mo · $11,546/yr
• Insurance: −$208
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,455
• Net cashflow: $1,685

Break-even live

Break-even rent $4,794

Max offer price $499,000

Occupancy floor 71%

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

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$6,927
Total (3 units)			$6,927

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: $124,750
• Closing costs: $14,970
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-18
   days on market $499,000 Active 92 DOM
2. 2026-06-17
   days on market $499,000 Active 91 DOM
3. 2026-06-16
   days on market $499,000 Active 90 DOM
4. 2026-06-15
   days on market $499,000 Active 89 DOM
5. 2026-06-13
   days on market $499,000 Active 87 DOM
6. 2026-06-13
   days on market $499,000 Active 86 DOM
7. 2026-06-09
   days on market $499,000 Active 83 DOM
8. 2026-06-08
   days on market $499,000 Active 82 DOM
9. 2026-06-07
   days on market $499,000 Active 81 DOM
10. 2026-06-04
    days on market $499,000 Active 78 DOM
11. 2026-06-03
    days on market $499,000 Active 77 DOM
12. 2026-06-02
    days on market $499,000 Active 76 DOM
13. 2026-06-01
    days on market $499,000 Active 75 DOM
14. 2026-05-31
    days on market $499,000 Active 74 DOM
15. 2026-03-18
    listed $499,000 Active 542-char remark

    Show marketing remark (542 chars)

    Well-located triplex in East Oakland offering a strong opportunity for investors or owner-users. The property consists of three units totaling approximately 2,284 SF, providing multiple income streams and long-term upside potential. Situated along San Leandro Street with convenient access to I-880 and nearby transit, the location supports easy commuting and tenant appeal. The property offers functional layouts and on-site space for parking and everyday convenience. A solid addition to any investment portfolio in a steadily growing area.

16. 2023-11-30
    soldstatus $500,000 Closed 387-char remark

    Show marketing remark (387 chars)

    This triplex offers excellent investment opportunity with its large upside potential for strong cash flow and instant equity. Convenient access to transportation and local hotspots. With careful management and targeted renovations, the triplex has the potential to generate even higher returns. Don't miss out on this rare chance to own a valuable piece of income-generating real estate.

17. 2023-11-30
    soldstatus $500,000 387-char remark

    Show marketing remark (387 chars)

    This triplex offers excellent investment opportunity with its large upside potential for strong cash flow and instant equity. Convenient access to transportation and local hotspots. With careful management and targeted renovations, the triplex has the potential to generate even higher returns. Don't miss out on this rare chance to own a valuable piece of income-generating real estate.

18. 2023-11-30
    soldstatus $500,000

    Show marketing remark (387 chars)

    This triplex offers excellent investment opportunity with its large upside potential for strong cash flow and instant equity. Convenient access to transportation and local hotspots. With careful management and targeted renovations, the triplex has the potential to generate even higher returns. Don't miss out on this rare chance to own a valuable piece of income-generating real estate.

19. 2023-08-23
    historical Contingent 387-char remark

    Show marketing remark (387 chars)

    This triplex offers excellent investment opportunity with its large upside potential for strong cash flow and instant equity. Convenient access to transportation and local hotspots. With careful management and targeted renovations, the triplex has the potential to generate even higher returns. Don't miss out on this rare chance to own a valuable piece of income-generating real estate.

20. 2023-05-30
    status Active 387-char remark

    Show marketing remark (387 chars)

    This triplex offers excellent investment opportunity with its large upside potential for strong cash flow and instant equity. Convenient access to transportation and local hotspots. With careful management and targeted renovations, the triplex has the potential to generate even higher returns. Don't miss out on this rare chance to own a valuable piece of income-generating real estate.

21. 2023-05-19
    historical Contingent 387-char remark

    Show marketing remark (387 chars)

    This triplex offers excellent investment opportunity with its large upside potential for strong cash flow and instant equity. Convenient access to transportation and local hotspots. With careful management and targeted renovations, the triplex has the potential to generate even higher returns. Don't miss out on this rare chance to own a valuable piece of income-generating real estate.

22. 2023-03-18
    listed $475,000 New 387-char remark

    Show marketing remark (387 chars)

    This triplex offers excellent investment opportunity with its large upside potential for strong cash flow and instant equity. Convenient access to transportation and local hotspots. With careful management and targeted renovations, the triplex has the potential to generate even higher returns. Don't miss out on this rare chance to own a valuable piece of income-generating real estate.

23. 2023-03-18
    listed $475,000 387-char remark

    Show marketing remark (387 chars)

    This triplex offers excellent investment opportunity with its large upside potential for strong cash flow and instant equity. Convenient access to transportation and local hotspots. With careful management and targeted renovations, the triplex has the potential to generate even higher returns. Don't miss out on this rare chance to own a valuable piece of income-generating real estate.

24. 2019-09-01
    historical
25. 2019-07-29
    listed $499,500
26. 2019-01-17
    historical
27. 2016-02-08
    historical
28. 2015-12-30
    listed New
29. 2015-12-30
    listed $475,000
30. 1997-11-18
    soldstatus $230,000
31. 1997-11-15
    soldstatus $115,000
32. 1997-10-29
    historical
33. 1997-10-25
    listed $126,000

ⓘ 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: $11,546 · $962/mo
• Projected year-2 tax: $11,546 · $962/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 1/10 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: $83,124
• − Mortgage interest: −$27,952
• − Property taxes: −$11,546
• − Insurance: −$2,495
• − Repairs & maintenance: −$6,650
• − Management: −$6,650
• − Depreciation: −$14,516
• Taxable income: $13,315
• Est. tax owed @ 24.0%: −$3,196
• After-tax cash flow: $17,030/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): 35,742
• Household income: $76,723
• Rent vs Own: 52.1% rent · 47.9% own
• Severe rent burden: 2061.0

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: Majority Hispanic (63%)
• Race & ethnicity: Hispanic / Latino 63% Black 25% Two or more races 11% Asian 5% White 4% Native American 1% Pacific Islander 1%
• Hispanic origin (detail): Mexican 51%
• Foreign-born: 37% · Canada, China, Vietnam
• Languages at home: 37% English-only · Spanish 56% Other Asian/Pacific 2% Chinese 1%

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: ▼ -665.46%
• Current HPI: 396.0247
• Rent YoY: ▲ 1.58%
• 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

+296.0% since first listed

19 events — show timeline

• 2026-03-18 Listed $499,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2023-11-30 Sold (Public Records) $500,000 Public Records
• 2023-11-30 Sold (MLS) $500,000 San Francisco MLS
• 2023-11-30 Sold (MLS) $500,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2023-08-23 Contingent — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2023-05-30 Relisted — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2023-05-19 Contingent — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2023-03-18 Listed $475,000 San Francisco MLS
• 2023-03-18 Listed $475,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2019-09-01 Listing Removed — SDMLS
• 2019-07-29 Listed $499,500 SDMLS
• 2019-01-17 Listing Removed — SDMLS
• 2016-02-08 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2015-12-30 Listed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2015-12-30 Listed $475,000 SDMLS
• 1997-11-18 Sold (Public Records) $230,000 Public Records
• 1997-11-15 Sold (MLS) $115,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 1997-10-29 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 1997-10-25 Listed $126,000 bridgeMLS, Bay East AOR, or Contra Costa AOR

Property tax history

+8.3%/yr

Latest (2025): $11,546 · +9.8% YoY. Source: county tax records.