Oakland Multifamily Investment
For Sale
$1,599,000
1254 12th Street, Oakland, CA 94606
Well-maintained 6-unit building in Oakland's San Antonio District.
Property Size6,915 SF
Price / SF$231.24
Days on Market378
Property Features for 1254 12th Street
General Information
Standard status
Active
Size
6,915 SF
Property subtype
Commercial
Site & Location
Neighborhood
San Antonio
Amenities
Central air
Dryer
Washer
Metal Roof
Assigned Spaces
Baseboard Heating
Ceiling Fan Cooling
Central Forced Air Heating
Community Facility
Composition Roof
Concrete Flooring
Corner
Hardwood Flooring
Other
Parking Area
Solar Heating
Tile Flooring
Unfinished Flooring
Wall to Wall Carpet Flooring
Building Details
Year Built
1968
Listing Agency:
ABIO PROPERTIES
(888) 400-2246
Listed By:
RACHAEL SMITH
(510) 872-1225
Source:
Corcoran
Added: Oct 11, 2025
Changed: Oct 7
Last Checked: Oct 23 at 5:27AM
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 ABIO PROPERTIES
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,856
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,717,120
$2.7M
Cap Rate 7%
$1,940,800
$1.9M
Cap Rate 9%
$1,509,511
$1.5M
Market Conditions
NOI Build-Up for 6,915 SF
Gross rent
$261.4K $37.80/SF
− Vacancy
−$14.4K −$2.08/SF
EGI
$247.0K $35.72/SF
− OpEx
−$111.2K −$16.07/SF
NOI
$135.9K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,717,120
Cap Rate 7%
$1,940,800
Cap Rate 9%
$1,509,511
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.70M – $2.26M
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
NOI $220,501 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
