Oakland Multifamily Investment
Walnut St Oakland, CA 94605
For Sale
$750,000
Pending
Five-unit property in Oakland with value-add potential.
Property Size3,012 SF
Lot Size0.13 Acres
Days on Market439
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
Source:
Corcoran
Added: May 17, 2025
Changed: Jul 10
Last Checked: Jul 23 at 9:51AM
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 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 | $104.8k | $34.80 |
| − Vacancy | −$5.5k | −$1.81 |
| EGI | $99.4k | $32.99 |
| − OpEx | −$44.7k | −$14.85 |
| NOI | $54.7k | $18.14 |
3,012 SF · lease $34.80/SF/yr · vacancy 5.20% · expense 45.00%
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
Property Profile
Location Intelligence
Current Use
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.
