Oakland Multifamily Investment
2116 International Blvd Oakland, CA 94606
For Sale
$1,280,000
MULTI_FAMILY - Oakland, CA
Property Size3,011 SF
Lot Size0.09 Acres
Price / SF$425.11
Days on Market297
Property Features for 2116 International Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 8, Bathroom 2, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 6
Parking features
None
Exterior features
Balcony, Side Yard
Fencing
Fenced
Standard status
Active
APN
2015017
Size
3,011 SF
Lot size
0.09 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Multi Units
Building Details
Year built
1964
Number of units
4
Flooring type
Tile, Laminate
Building materials
Concrete, Stucco
Roof type
Flat
Listing Agency:
Real Estate Ebroker Inc
(760) 722-3222
Listed By:
Son Luu · License #01711002
(510) 409-6855
Added: Oct 6, 2025
Changed: Jul 28
Last Checked: Jul 29 at 7:06PM
MLS# 41113930
Copyright © 2026 Bay East. 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 multi-unit property, situated in a developing Oakland neighborhood, presents an investment opportunity. The property features 4 legal units and 2 non-conforming units, providing a total of 6 income-producing spaces. The building encompasses over 3,000 square feet of living space on a 3,703 square foot lot. Its location offers access to Fruitvale and Lake Merritt BART Stations, as well as the 880 freeway. The property benefits from proximity to shops, restaurants, public transit, and major transportation corridors. The property has stable tenancy and rental upside potential. This location is suitable for investors seeking cash flow and long-term growth.
Key Highlights
- Multi‑unit property with 4 legal units plus 2 non‑conforming units, for 6 total income‑producing spaces
- Over 3,000 sq. ft. of living space on a 3,703 sq. ft. lot
- Year built 1964 with concrete and stucco exterior construction and a flat roof
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.8k | $37.80 |
| − Vacancy | −$6.3k | −$2.08 |
| EGI | $107.6k | $35.72 |
| − OpEx | −$48.4k | −$16.07 |
| NOI | $59.2k | $19.65 |
3,011 SF · lease $37.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$845.1K
$739.5K – $985.9K
NOI $59,156 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,013 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-unit property near BART with income potential and convenient access.
Where is this apartment building located?
The property is located at 2116 International Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Multi‑unit property with 4 legal units plus 2 non‑conforming units, for 6 total income‑producing spaces; Over 3,000 sq. ft. of living space on a 3,703 sq. ft. lot; Year built 1964 with concrete and stucco exterior construction and a flat roof
