6-Unit Multifamily Apartment
For Sale
$1,450,000
Pending
3807 High St, Oakland, CA 94619
COMM RI MULTI-UNITS 5+, Oakland, CA
Property Size5,050 SF
Lot Size0.22 Acres
Days on Market49
Property Features for 3807 High St
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered, On Street
Appliances
Refrigerator
Subdivision
UPPER LAUREL
Lot features
Level
Standard status
Pending
APN
30193581
Size
5,050 SF
Lot size
0.22 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
on-site laundry
off-street parking
Building Details
Year built
1968
Building materials
Stucco
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Stephanie Christmas · License #01308253
(510) 461-4663
Added: Jul 30
Changed: Sep 16
Last Checked: Sep 16 at 4:06PM
MLS# 41143342
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.
3807 High St. is a 6-unit multifamily apartment property in Oakland’s Upper Laurel District. Built in 1968, the building contains approximately 5,050 square feet of living space on a 9,400-square-foot lot. The unit mix includes five two-bedroom, one-bath apartments and one three-bedroom, two-bath apartment. All units are occupied, and the property includes on-site laundry along with covered and on-street parking.
Recent capital improvements include seismic retrofitting and a newer roof. Public water and public sewer serve the property, which features stucco construction, wall furnaces, and refrigerators. The location provides access to I-580 and nearby retail amenities, including restaurants, a microbrewery, grocery, gyms, and a hardware store.
Recent capital improvements include seismic retrofitting and a newer roof. Public water and public sewer serve the property, which features stucco construction, wall furnaces, and refrigerators. The location provides access to I-580 and nearby retail amenities, including restaurants, a microbrewery, grocery, gyms, and a hardware store.
Key Highlights
- 6‑unit multifamily property with all units occupied
- 5,050 square feet of living space on a 9,400‑square‑foot lot
- Unit mix includes five 2 bed x 1 bath units and one 3 bedroom x 2 bath unit
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
$106,631
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
7.35%
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%
$2,132,620
$2.1M
Cap Rate 7%
$1,523,300
$1.5M
Cap Rate 9%
$1,184,789
$1.2M
Market Conditions
NOI Build-Up for 5,050 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
$203.0K $40.20/SF
− Vacancy
−$9.1K −$1.81/SF
EGI
$193.9K $38.39/SF
− OpEx
−$87.2K −$17.28/SF
NOI
$106.6K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$2,132,620
Cap Rate 7%
$1,523,300
Cap Rate 9%
$1,184,789
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,631 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.65M
$1.45M – $1.93M
NOI $115,735 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 94619, CA
24,867
Population
10,348
Households
2.4
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
8.3 sq mi
ZIP Area
2,996
Density / Sq Mi
$129,879
Median Household Income
$65,351
Median Earnings
$2,131
Median Rent
$997,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Occupied apartment property with on-site laundry, covered parking, and a mix of two- and three-bedroom residences.
Where is this apartment building located?
The property is located at 3807 High St Oakland, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 6‑unit multifamily property with all units occupied; 5,050 square feet of living space on a 9,400‑square‑foot lot; Unit mix includes five 2 bed x 1 bath units and one 3 bedroom x 2 bath unit
