Multifamily Portfolio
14 Whitmore Place Oakland, CA 94611
New
14 Whitmore Place, Oakland, CA, 94611
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For Sale
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A five-asset portfolio with 139 units, offered whole, by sub-portfolio, or asset by asset.
Property Size94,965 SF
Price / SF$309.06
Days on Market6
Property Features for 14 Whitmore Place
General Information
- Standard status
- Active
- Size
- 94,965 SF
- Property subtype
- Multifamily
Listing agency
Colliers - San Francisco, California
(510) 986-6770
Listed by
Matthew Flaherty · License #CA
Source
Crexi
Added: Jul 17 Updated: Jul 22 at 2:32PM Checked: Jul 22 at 2:32PM
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 Colliers - San Francisco, California
Investment Insights
Based on property information with market context.
The Oakland & El Sobrante Multifamily Portfolio features 139 units across five apartment assets, offered for sale as a whole, in sub-portfolios, or asset by asset for the first time in over 20 years of family ownership. The offering’s in-place rents across the portfolio are described as 9.23% below market. Under the stated day-one assumptions, the income pricing reflects a 5.90% cap rate on a basis of $211,151 per unit, with recapturing market rents projected to lift NOI by 20.5% to a 7.11% cap rate.
The recapturing path is described as differing by jurisdiction: the four Oakland assets recover loss-to-lease through unit turnover, while 4230 San Pablo Dam Rd, located in unincorporated Contra Costa County with no local rent ordinance, is described as able to capture a statutory 8.8% increase beginning August 1, 2026. Three assets—14 Whitmore Pl, 5527 & 5601 Shattuck Ave, and 484 37th St—are identified as anchoring the offering in North Oakland, with proximity described as minutes from the Piedmont Avenue corridor, Temescal, and MacArthur BART.
1932 6th Ave is listed as an East Lake Oakland asset, and 4230 San Pablo Dam Rd is identified as the portfolio’s largest asset, providing scale in El Sobrante.
The recapturing path is described as differing by jurisdiction: the four Oakland assets recover loss-to-lease through unit turnover, while 4230 San Pablo Dam Rd, located in unincorporated Contra Costa County with no local rent ordinance, is described as able to capture a statutory 8.8% increase beginning August 1, 2026. Three assets—14 Whitmore Pl, 5527 & 5601 Shattuck Ave, and 484 37th St—are identified as anchoring the offering in North Oakland, with proximity described as minutes from the Piedmont Avenue corridor, Temescal, and MacArthur BART.
1932 6th Ave is listed as an East Lake Oakland asset, and 4230 San Pablo Dam Rd is identified as the portfolio’s largest asset, providing scale in El Sobrante.
Key Highlights
- Five‑asset East Bay multifamily portfolio totaling 139 units, offered whole, by sub‑portfolio, or asset‑by‑asset
- In‑place rents are 9.23% below market across the portfolio
- Day‑one income pricing shown at a 5.90% cap rate on a basis of $211,151 per unit
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 | $3.08M | $32.40 |
| − Vacancy | −$129.2k | −$1.36 |
| EGI | $2.95M | $31.04 |
| − OpEx | −$1.33M | −$13.97 |
| NOI | $1.62M | $17.07 |
94,965 SF · lease $32.40/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$23.16M
$20.27M – $27.02M
NOI $1,621,201 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$40.00M
$35.00M – $46.67M
NOI $2,800,322 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - A five-asset portfolio with 139 units, offered whole, by sub-portfolio, or asset by asset.
Where is this apartment building located?
The property is located at 14 Whitmore Place Oakland, CA.
What is the asking price?
The asking price for this property is $29,350,000.
What are key features of this property?
This property features: Five‑asset East Bay multifamily portfolio totaling 139 units, offered whole, by sub‑portfolio, or asset‑by‑asset; In‑place rents are 9.23% below market across the portfolio; Day‑one income pricing shown at a 5.90% cap rate on a basis of $211,151 per unit
