Multifamily Portfolio
For Sale
$5,800,000
14 Whitmore Place, Oakland, CA 94611
A five-asset portfolio with 139 units, offered whole, by sub-portfolio, or asset by asset.
Property Size16,988 SF
Price / SF$341.42
Days on Market111
Property Features for 14 Whitmore Place
General Information
Standard status
Active
Size
16,988 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Piedmont Avenue
Additional Details
Cap Rate
5.9%
Multifamily Units
139
Listing Agency:
Coldwell Banker Realty
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Jul 19
Changed: Nov 5
Last Checked: Nov 4 at 12:44PM
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 Coldwell Banker Realty
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$290,012
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,800,240
$5.8M
Cap Rate 7%
$4,143,029
$4.1M
Cap Rate 9%
$3,222,356
$3.2M
Market Conditions
NOI Build-Up for 16,988 SF
Gross rent
$550.4K $32.40/SF
− Vacancy
−$23.1K −$1.36/SF
EGI
$527.3K $31.04/SF
− OpEx
−$237.3K −$13.97/SF
NOI
$290.0K $17.07/SF
Area
ZIP 94611
Vacancy
4.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,800,240
Cap Rate 7%
$4,143,029
Cap Rate 9%
$3,222,356
Alternative Uses
Best Use
Apartment 5plus
$4.14M
$3.63M – $4.83M
NOI $290,012 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.16M
$6.26M – $8.35M
NOI $500,941 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
139
Residential units
Location Intelligence
Trade Area within ½ mile
4,251
Businesses Nearby
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Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Oakland, CA
Properties on Market for Apartment buildings in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 $5,800,000.
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
