Oakland Multifamily Investment
For Sale
$1,572,000
3057 - 3063 Blossom St, Oakland, CA 94601
Eight-unit multifamily property near Fruitvale BART and freeways.
Property Size5,280 SF
Price / SF$297.73
Days on Market275
Property Features for 3057 - 3063 Blossom St
General Information
Standard status
Active
Size
5,280 SF
Property subtype
Multifamily
Building Details
Building Size
5,280 SF
Year Built
1962
Listing Agency:
SVN/PACIFIC COMMERCIAL ADVISORS
(510) 917-2022
Listed By:
Justin Wong · License #CalDRE #01974254
(510) 917-2022
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 23
Last Checked: Aug 22 at 4:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN/PACIFIC COMMERCIAL ADVISORS
Investment Insights
Based on property information with market context.
This is an opportunity to acquire two adjacent fourplexes in the East Bay. Located at 3057-3063 Blossom St, this 8-unit multifamily property offers 5,280 square feet of living space on an 8,020 square foot lot. The property is situated in a gated community featuring a shared courtyard and a spacious parking lot for tenants, along with a coin-operated laundry room. Each unit includes two bedrooms and one bathroom. The location is near the Fruitvale BART station and bus lines, with immediate access to the 580 freeway. The property is less than 1 mile from the Fruitvale BART Station and in close proximity to Interstates 580 and 880, providing access to other parts of the Bay Area. Downtown Oakland, Lake Merritt, and Oakland International Airport are a short drive away. The units are separately metered.
Key Highlights
- Rare opportunity: own two adjacent fourplexes (8 units total) in the East Bay.
- Ideal location near Fruitvale BART, bus lines, and the 580 freeway, appealing to commuters.
- Strong rental appeal to young professionals due to location and unit size, with easy access to San Francisco.
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
$112,421
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
7.15%
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%
$2,248,420
$2.2M
Cap Rate 7%
$1,606,014
$1.6M
Cap Rate 9%
$1,249,122
$1.2M
Market Conditions
NOI Build-Up for 5,280 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
$212.3K $40.20/SF
− Vacancy
−$7.9K −$1.49/SF
EGI
$204.4K $38.71/SF
− OpEx
−$92.0K −$17.42/SF
NOI
$112.4K $21.29/SF
Area
ZIP 94601
Vacancy
3.70%
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%
$2,248,420
Cap Rate 7%
$1,606,014
Cap Rate 9%
$1,249,122
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.87M
NOI $112,421 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,653 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit multifamily property near Fruitvale BART and freeways.
Where is this apartment building located?
The property is located at 3057 - 3063 Blossom St Oakland, CA.
What is the asking price?
The asking price for this property is $1,572,000.
What are key features of this property?
This property features: Rare opportunity: own two adjacent fourplexes (8 units total) in the East Bay.; Ideal location near Fruitvale BART, bus lines, and the 580 freeway, appealing to commuters.; Strong rental appeal to young professionals due to location and unit size, with easy access to San Francisco.
