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Oakland Multifamily Investment Opportunity

1254 12th Street Oakland, CA 94606

Claim this Listing
For Sale
$1,599,000

Well-maintained 6-unit building in Oakland's San Antonio District.

Type:Commercial
Property size:
6,915 SF
Price / SF:
$231/SF
Added:
Oct 11, 2025
Days on Market:
275
Last Refresh:
Apr 5 at 8:29 pm

Property Features for 1254 12th Street

General Information

Standard status
Active
Size
6,915 SF
Property subtype
Commercial

Building Details

Year Built
1968

Listing office ABIO PROPERTIES

Listing date Oct 11, 2025

Source Corcoran

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 ABIO PROPERTIES


Investment Insights

Based on property information with market context.

Located in Oakland’s San Antonio District, this well-maintained 6-unit building presents an investment opportunity. The property provides rental income, with one unit to be delivered vacant, suitable for owner-occupancy or immediate lease-up at market rent. A bonus studio space and a shared courtyard are included. The property has a new roof installed in 2018. Sewer lateral compliance is valid through 2033. Solar panels are installed on the roof, and the buyer will assume the existing solar agreement. The property is fully occupied with market-rate rents. The property size is 6,915 square feet. The property may qualify for Opportunity Zone benefits and Small Business loan financing.

Key Highlights

  • Strong, consistent rental income from 6 units.
  • Unit #6 to be delivered vacant, ideal for owner‑occupancy or immediate lease‑up.
  • New roof (2018) and sewer lateral compliance valid through 2033.

Local 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 $261.4k $37.80
− Vacancy −$14.4k −$2.08
EGI $247.0k $35.72
− OpEx −$111.2k −$16.07
NOI $135.9k $19.65
6,915 SF · lease $37.80/SF/yr · vacancy 5.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.94M
$1.70M – $2.26M (±1% cap)
NOI $135,856 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M (±1% cap)
NOI $220,501 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

DanaKingArt Artist

Suggested Use

Real Estate Agency Dental Office Law Firm Electrical Service HVAC Service Grocery & Convenience Store Accounting Firm Plumbing Service Veterinary Clinic Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Well-maintained 6-unit building in Oakland's San Antonio District.
Where is this apartment building located?
The property is located at 1254 12th Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Strong, consistent rental income from 6 units.; Unit #6 to be delivered vacant, ideal for owner‑occupancy or immediate lease‑up.; New roof (2018) and sewer lateral compliance valid through 2033.
Contact an agent
More about this property
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