Industrial Live-Work
For Sale
$375,000
1920 Union St #9, Oakland, CA 94607
Commercial Sale, Oakland, CA
Property Size1,006 SF
Lot Size0.04 Acres
Price / SF$372.76
Days on Market87
Property Features for 1920 Union St #9
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Security features
Security
Exterior features
Landscaping
Accessibility
Accessible Approach with Ramp
Appliances
Water Heater
Subdivision
WEST OAKLAND
Lot features
Corner Lot
Standard status
Active
APN
540521
Size
1,006 SF
Lot size
0.04 Acres
Utilities
Sewer type
Public Sewer
Amenities
high-speed internet
pet friendly
Building Details
Year built
1930
Floors in Building
2
Building materials
Concrete, Masonry, Stucco
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Carolyn Trimmer
(415) 525-9883
Added: Jun 21
Changed: Sep 9
Last Checked: Sep 15 at 3:06PM
MLS# 41139139
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ground-floor commercial unit occupies part of a converted 1930 factory arranged as a live-work building. The 1,006-square-foot space uses a two-level loft layout with original factory wood flooring in the upstairs bedroom, industrial tile on the lower level, and substantial storage across both floors. An original industrial window wall brings natural light into the interior, while the kitchen includes a European-style gas range. The building is wired for Sonic high-speed internet and has an accessible ramped approach, concrete, masonry, and stucco construction, and public sewer service.
The property is near Prescott Market, Ghost Town Brewery, Pacific Pipe, DeFremery Park, and Oakland Public Library West Oakland. Commercial zoning is in place. Any residential use requires HOA approval, which remains subject to buyer verification. The building has one form of egress and a self-managed, pet-friendly HOA.
The property is near Prescott Market, Ghost Town Brewery, Pacific Pipe, DeFremery Park, and Oakland Public Library West Oakland. Commercial zoning is in place. Any residential use requires HOA approval, which remains subject to buyer verification. The building has one form of egress and a self-managed, pet-friendly HOA.
Key Highlights
- 1,006‑square‑foot ground‑floor commercial unit
- Converted 1930 factory with two‑level loft layout
- Original industrial window wall provides natural light
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
$15,271
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
4.07%
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%
$305,420
$305.4K
Cap Rate 7%
$218,157
$218.2K
Cap Rate 9%
$169,678
$169.7K
Market Conditions
NOI Build-Up for 1,006 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
$27.8K $27.60/SF
− Vacancy
−$3.3K −$3.31/SF
EGI
$24.4K $24.29/SF
− OpEx
−$9.2K −$9.11/SF
NOI
$15.3K $15.18/SF
Area
Oakland, CA
Vacancy
12.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
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%
$305,420
Cap Rate 7%
$218,157
Cap Rate 9%
$169,678
Alternative Uses
Best Use
Mixed Use
$218.2K
$190.9K – $254.5K
NOI $15,271 @ 7.0% cap · market cap 4.07%
Second Best
Office B
$192.7K
$168.6K – $224.8K
NOI $13,487 @ 7.0% cap · market cap 3.60%
Theoretical Best
Multifamily LT 5
$329.4K
$288.2K – $384.3K
NOI $23,055 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Live-work space - Ground-level unit in a converted 1930 factory with two-level storage, natural light, and commercial zoning.
Where is this live-work space located?
The property is located at 1920 Union St #9 Oakland, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,006‑square‑foot ground‑floor commercial unit; Converted 1930 factory with two‑level loft layout; Original industrial window wall provides natural light
