Six-Unit Multifamily Property with
For Sale
$1,495,000
1212 12th Street, Oakland, CA 94607
Six-unit multifamily with a diversified unit mix, ample on-site parking, and a dedicated laundry room.
Property Size4,654 SF
Price / SF$321.23
Days on Market100
Property Features for 1212 12th Street
General Information
Standard status
Active
Size
4,654 SF
Property subtype
Multi Family
Additional Details
Business Included
No
Multifamily Units
6
Amenities
on-site parking
laundry room
private garage
Building Details
Building Size
4,654 SF
Year Built
1963
Tenancy
Multi
Listing Agency:
Andersen, Jung & Co.
(415) 397-1966
Listed By:
Monica H Chung · License #01079185
Source:
Cityrealestatesf
Added: May 6
Changed: Aug 8
Last Checked: Aug 12 at 3:34PM
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 Andersen, Jung & Co.
Investment Insights
Based on property information with market context.
This six-unit multifamily property offers a diversified residential unit mix, including four 2-bedroom/1-bath units, one 3-bedroom/2-bath corner unit, and one 1-bedroom/1-bath unit. The 1-bedroom unit includes its own private garage, and the property also provides ample on-site parking and a dedicated laundry room.
Located in West Oakland at 1212 12th Street, the property is described as having immediate access to BART and major transportation corridors, supporting convenient commuting to employment hubs.
As configured, the asset provides multiple income streams across studio-to-family sized layouts, with shared on-site amenities including parking and laundry.
Located in West Oakland at 1212 12th Street, the property is described as having immediate access to BART and major transportation corridors, supporting convenient commuting to employment hubs.
As configured, the asset provides multiple income streams across studio-to-family sized layouts, with shared on-site amenities including parking and laundry.
Key Highlights
- 6‑unit multifamily property built in 1963
- Unit mix includes four 2 bed/1 bath units, one 3 bed/2 bath corner unit, and one 1 bed/1 bath unit
- 1 bed/1 bath unit includes its own private garage
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
$98,269
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
6.57%
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%
$1,965,380
$2.0M
Cap Rate 7%
$1,403,843
$1.4M
Cap Rate 9%
$1,091,878
$1.1M
Market Conditions
NOI Build-Up for 4,654 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
$187.1K $40.20/SF
− Vacancy
−$8.4K −$1.81/SF
EGI
$178.7K $38.39/SF
− OpEx
−$80.4K −$17.28/SF
NOI
$98.3K $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%
$1,965,380
Cap Rate 7%
$1,403,843
Cap Rate 9%
$1,091,878
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,269 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.52M
$1.33M – $1.78M
NOI $106,659 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,449
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
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 - Six-unit multifamily with a diversified unit mix, ample on-site parking, and a dedicated laundry room.
Where is this apartment building located?
The property is located at 1212 12th Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 6‑unit multifamily property built in 1963; Unit mix includes four 2 bed/1 bath units, one 3 bed/2 bath corner unit, and one 1 bed/1 bath unit; 1 bed/1 bath unit includes its own private garage
