1906 Multifamily with Bonus
For Sale
$2,100,000
260 Park View Ter, Oakland, CA 94610
1906 multifamily property with four units plus one bonus unit, including a 4-bedroom unit delivered vacant at close.
Property Size3,322 SF
Price / SF$632.15
Days on Market102
Property Features for 260 Park View Ter
General Information
Standard status
Active
Size
3,322 SF
Property subtype
Investment
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$11,236
Building Details
Building Size
3,322 SF
Year Built
1906
Stories
3
Units
4
Listing Agency:
BellStreet
(650) 282-0477
Listed By:
Amit Urban · License #01998926
(650) 282-0477
Source:
Elliman
Added: May 14
Changed: Aug 23
Last Checked: Aug 18 at 9:06AM
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 BellStreet
Investment Insights
Based on property information with market context.
Built in 1906, this character-rich multifamily property includes four units plus one bonus unit across 3,322 SF. A spacious 4-bedroom unit will be delivered vacant at the close of escrow, providing immediate flexibility for occupancy, renovation, or leasing.
Located at 260 Park View Ter in Oakland’s Adams Point neighborhood, the property is described as steps from Lake Merritt and near the Uptown district, Fox Theater, art galleries, dining, parks, shopping, and public transportation.
For sale as a multifamily asset, the layout supports either owner-occupancy with rental income from the remaining units or acquisition for an investor portfolio.
Located at 260 Park View Ter in Oakland’s Adams Point neighborhood, the property is described as steps from Lake Merritt and near the Uptown district, Fox Theater, art galleries, dining, parks, shopping, and public transportation.
For sale as a multifamily asset, the layout supports either owner-occupancy with rental income from the remaining units or acquisition for an investor portfolio.
Key Highlights
- Built in 1906, character‑rich multifamily property in Oakland’s Adams Point neighborhood
- 4 units plus 1 bonus unit totaling 3,322 SF
- Includes a 4‑bedroom unit delivered vacant at the close of escrow
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
$70,144
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
3.34%
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%
$1,402,880
$1.4M
Cap Rate 7%
$1,002,057
$1.0M
Cap Rate 9%
$779,378
$779.4K
Market Conditions
NOI Build-Up for 3,322 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
$133.5K $40.20/SF
− Vacancy
−$6.0K −$1.81/SF
EGI
$127.5K $38.39/SF
− OpEx
−$57.4K −$17.28/SF
NOI
$70.1K $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%
$1,402,880
Cap Rate 7%
$1,002,057
Cap Rate 9%
$779,378
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$876.8K – $1.17M
NOI $70,144 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.09M
$951.7K – $1.27M
NOI $76,133 @ 7.0% cap · market cap 3.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
7,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 94610, CA
31,261
Population
17,926
Households
1.7
Avg Household Size
39
Median Age
73%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
14,886
Density / Sq Mi
$130,435
Median Household Income
$90,577
Median Earnings
$2,184
Median Rent
$1,324,500
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 - 1906 multifamily property with four units plus one bonus unit, including a 4-bedroom unit delivered vacant at close.
Where is this apartment building located?
The property is located at 260 Park View Ter Oakland, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Built in 1906, character‑rich multifamily property in Oakland’s Adams Point neighborhood; 4 units plus 1 bonus unit totaling 3,322 SF; Includes a 4‑bedroom unit delivered vacant at the close of escrow
