1290 26th Ave, Oakland, CA 94601

Building Details

Building Size 12,420 SF More

Year Built 1925 More

Listing Agency: The Pinza Group, Inc

Listed By: Steven Pinza · License #01867691 Show Phone

Source: Remaxaccord

Added: Mar 10 Changed: Nov 3 Last Checked: Nov 6 at 2:18PM

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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 The Pinza Group, Inc

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Investment Insights

Based on property information with market context.

This mixed-use investment property, located in Fruitvale, consists of twenty-four units. Constructed in 1925, the building features nineteen studios, two one-bedroom, one-bathroom units, and three retail spaces. Significant upgrades have been completed, including a new fire alarm system, electrical upgrades, a replaced boiler, and remodeled units. A large, open basement offers potential for adding Accessory Dwelling Units (ADUs). The property benefits from a Walk Score of 68, indicating it is somewhat walkable, and is conveniently located near shopping, dining, and the Fruitvale BART station. Seller financing is available with $300,000 down at 4% interest only for 7 years for qualified buyers.

Key Highlights

• Seller financing available with $300k down at 4% interest only for 7 years.
• Value‑add mixed‑use investment property featuring twenty‑four total units.
• High cash flow potential.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$264,446

Cap Rate

7.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,288,920 $5.3M

Cap Rate 7%

$3,777,800 $3.8M

Cap Rate 9%

$2,938,289 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,420 SF

Gross rent

$499.3K $40.20/SF

− Vacancy

−$18.5K −$1.49/SF

EGI

$480.8K $38.71/SF

− OpEx

−$216.4K −$17.42/SF

NOI

$264.4K $21.29/SF

Area

ZIP 94601

Vacancy

3.70%

Lease Rate

$40.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,288,920

Cap Rate 7%

$3,777,800

Cap Rate 9%

$2,938,289

Alternative Uses

Best Use

Apartment 5plus

$3.78M

$3.31M – $4.41M (±1% cap)

NOI $264,446 @ 7.0% cap · market cap 7.16%

Second Best

Mixed Use

$3.06M

$2.68M – $3.57M (±1% cap)

NOI $214,245 @ 7.0% cap · market cap 5.80%

Theoretical Best

Office A

$5.06M

$4.43M – $5.91M (±1% cap)

NOI $354,377 @ 7.0% cap · market cap 9.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency HVAC Service Veterinary Clinic (Bike/Boat/Book/etc) Store Nursing Home Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,361

Businesses Nearby

Explore this area Business Placement

Demographics for 94601, CA

54,166

Population

17,454

Households

3.1

Avg Household Size

35

Median Age

24%

College-Educated

70%

High-School Grad

3.2 sq mi

ZIP Area

16,927

Density / Sq Mi

$66,651

Median Household Income

$37,765

Median Earnings

$1,651

Median Rent

$703,100

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Oakland, CA

$266 Jul

$302 Aug

$283 Sep

$257 Oct

Properties on Market for Mixed-use properties in Oakland

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property with seller financing and value-add potential.

Where is this mixed-use property located?

The property is located at 1290 26th Ave Oakland, CA.

What is the asking price?

The asking price for this property is $3,695,000.

What are key features of this property?

This property features: Seller financing available with $300k down at 4% interest only for 7 years.; Value‑add mixed‑use investment property featuring twenty‑four total units.; High cash flow potential.