Oakland Multifamily Investment
For Sale
$750,000
Pending
Walnut St, Oakland, CA 94605
Five-unit property in Oakland with value-add potential.
Property Size3,012 SF
Lot Size0.13 Acres
Days on Market488
Property Features for Walnut St
General Information
Standard status
Pending
Size
3,012 SF
Lot size
0.13 Acres
Property subtype
Commercial
Building Details
Year Built
1951
Listing Agency:
INFINITY INVESTMENTS
(510) 380-8101
Listed By:
STEVEN PETERSON · License #01746140
(510) 675-7755
Source:
Corcoran
Added: May 17, 2025
Changed: Jul 10
Last Checked: Sep 15 at 7:04AM
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 INFINITY INVESTMENTS
Investment Insights
Based on property information with market context.
This five-unit multifamily property is located in Oakland, CA. The property features one vacant unit, offering immediate potential for value-add strategies. There are four garages available, which can provide additional rental income or tenant convenience. The property has an excellent rental history, including a mix of market rate and subsidized tenants, ensuring stable cash flow. The property size is 3012 square feet. This asset presents a chance to secure a high-performing property in a thriving market and is ideal for investors looking to scale up from single-family or smaller multifamily properties or to enhance an existing portfolio.
Key Highlights
- Priced below market rate for a fourplex, offering immediate equity potential.
- One vacant unit provides immediate value‑add opportunity.
- Five‑unit multifamily property in Oakland, CA, a thriving rental market.
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
$54,652
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
7.29%
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%
$1,093,040
$1.1M
Cap Rate 7%
$780,743
$780.7K
Cap Rate 9%
$607,244
$607.2K
Market Conditions
NOI Build-Up for 3,012 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
$104.8K $34.80/SF
− Vacancy
−$5.5K −$1.81/SF
EGI
$99.4K $32.99/SF
− OpEx
−$44.7K −$14.85/SF
NOI
$54.7K $18.14/SF
Area
ZIP 94605
Vacancy
5.20%
Lease Rate
$34.80 /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%
$1,093,040
Cap Rate 7%
$780,743
Cap Rate 9%
$607,244
Alternative Uses
Best Use
Apartment 5plus
$780.7K
$683.2K – $910.9K
NOI $54,652 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$871.0K
$762.1K – $1.02M
NOI $60,969 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit property in Oakland with value-add potential.
Where is this apartment building located?
The property is located at Walnut St Oakland, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Priced below market rate for a fourplex, offering immediate equity potential.; One vacant unit provides immediate value‑add opportunity.; Five‑unit multifamily property in Oakland, CA, a thriving rental market.
