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    Oakland Mixed-Use Income Property Title is generated by Realmo AI

    2353 82nd Ave, Oakland, CA 94605

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    For Sale
    $699,000

    MULTI_FAMILY - Oakland, CA

    Property size:
    2,435 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $287/SF
    Added:
    Apr 20, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for 2353 82nd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
    Parking features
    Open
    Exterior features
    Back Yard
    Appliances
    Dryer, Washer, Gas Water Heater
    Standard status
    Active
    APN
    40337561
    Size
    2,435 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1933
    Number of units
    3
    Building materials
    Stucco
    Roof type
    Composition

    We can help!

    Listing Contact
    Ofer Dallal
    Ofer Dallal

    Listing agent Ofer Dallal

    Listing office Keller Williams Realty 601 Sycamore Valley Road W, Danville, CA

    Listing date Apr 20, 2026

    MLS# 41131633 Listing URL

    Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Strong cash flow: $6,570/month ($78,840 annually) with a 7‑8% cap rate.
    • Mixed‑use property: Combines residential units and a corner storefront for diversified income.
    • Stable rental income: Retail space leased to a well‑established barber shop.
    • Primary residential unit: ~1,250 sq ft, 3 bedrooms, 1 bath, attached garage, laundry, backyard access.
    • Versatile second unit: Currently a permitted family day‑care, with kitchen, bath, and bedroom, offering multiple use scenarios.
    • Convenient location: Easy access to I‑580, I‑880, public transit, parks, retail, and community services.

    Overview

    This mixed-use property features two residential units and a corner storefront. The retail space is leased to a barber shop. The primary residential unit, with frontage on Hillside St, offers approximately 1,250 sq ft across three levels and includes 3 bedrooms, 1 bath, an attached garage, a dedicated laundry room, and direct access to the backyard. The second unit, zoned residential, is currently operating as a family day-care. This unit features a kitchen, a full bath, and a bedroom, opening the door to multiple use scenarios. The property is well maintained with a sewer lateral compliance certificate and sidewalk cleared for certification. Positioned with convenient access to I-580, I-880, and public transit, the location connects easily to major employment hubs across Oakland and the broader East Bay. Nearby parks, neighborhood retail, and community services support strong tenant demand and long-term stability. The property size is 2,435 square feet and the lot size is 0.068 acres.

    Local 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 $84.7k $34.80
    − Vacancy −$4.4k −$1.81
    EGI $80.3k $32.99
    − OpEx −$36.1k −$14.85
    NOI $44.2k $18.14
    2,435 SF · lease $34.80/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $631.2K
    $552.3K – $736.4K (±1% cap)
    NOI $44,182 @ 7.0% cap · market cap 6.32%
    Second Best
    Retail
    $486.5K
    $425.7K – $567.6K (±1% cap)
    NOI $34,056 @ 7.0% cap · market cap 4.87%
    Theoretical Best
    Multifamily LT 5
    $704.1K
    $616.1K – $821.5K (±1% cap)
    NOI $49,289 @ 7.0% cap · market cap 7.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.167861
    Latitude
    37.7615

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential units and a corner storefront.
    Where is this mixed-use property located?
    The property is located at 2353 82nd Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Strong cash flow: $6,570/month ($78,840 annually) with a 7‑8% cap rate.; Mixed‑use property: Combines residential units and a corner storefront for diversified income.; Stable rental income: Retail space leased to a well‑established barber shop.
    (510) 417-9782
    We can help!
    Listing Contact
    Ofer Dallal
    Ofer Dallal
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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