Five-Residence Apartment
New
For Sale
$1,595,000
1430 8th Ave, Oakland, CA 94606
Commercial Sale, Oakland, CA
Property Size5,430 SF
Lot Size0.20 Acres
Price / SF$293.74
Days on Market1
Property Features for 1430 8th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
10
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 8, Bathroom 8, Bedroom 3, Bathroom 4, Bathroom 9, Bedroom 9, Bathroom 1, Bathroom 6, Bathroom 10, Bathroom 5, Bathroom 7, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 7, Bedroom 10, Bathroom 3, Bathroom 2
Parking features
Covered, Parking Lot, Assigned
Window features
Window Coverings
Interior features
Updated Baths, Updated Kitchen
Appliances
Disposal, Free-Standing Range, Microwave, Refrigerator
Subdivision
Lake Merritt
Lot features
Level, Security Gate
Directions
Lakeshore Ave, E 15th St, 8th Ave
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
2013718
Size
5,430 SF
Lot size
0.20 Acres
Additional Details
Individually Metered Utilities
electricity
Utilities
Heating system
Electric (Heating)
Water source
Public
Amenities
in-unit washer/dryer hookups
fully fenced property
off-street parking
Building Details
Year built
1953
Number of units
5
Flooring type
Laminate
Building materials
Siding - Other
Roof type
Composition
Listing Agency:
Realty One Group Elite
(925) 978-1100
Listed By:
Stephanie Fordham
(925) 788-4443
Added: Oct 26
Last Checked: Oct 26 at 11:06PM
MLS# 41152279
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Five condominium residences are offered together as one apartment property. Each has its own assessor’s parcel number and electric meter, and two units were constructed approximately 3 years ago. Townhome-style entrances, kitchens with Corian counters and gas ranges, laminate flooring, updated bathrooms, and in-unit washer and dryer hookups are among the interior features. The property encompasses 5,430 square feet on a 0.1951-acre lot and was built in 1953. It is fully fenced and includes off-street parking.
The property is at 1430 8th Ave in Oakland, near Lake Merritt, Downtown Oakland, Chinatown, Lake Merritt BART station, and multiple bus routes. Neighborhood cafes, restaurants, and produce markets are also nearby.
The property is at 1430 8th Ave in Oakland, near Lake Merritt, Downtown Oakland, Chinatown, Lake Merritt BART station, and multiple bus routes. Neighborhood cafes, restaurants, and produce markets are also nearby.
Key Highlights
- Five condominium residences offered as one package; each has its own assessor’s parcel number and electric meter
- 5,430‑square‑foot property on a 0.1951‑acre lot
- Two units constructed approximately 3 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,681
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,133,620
$2.1M
Cap Rate 7%
$1,524,014
$1.5M
Cap Rate 9%
$1,185,344
$1.2M
Market Conditions
NOI Build-Up for 5,430 SF
Gross rent
$205.3K $37.80/SF
− Vacancy
−$11.3K −$2.08/SF
EGI
$194.0K $35.72/SF
− OpEx
−$87.3K −$16.07/SF
NOI
$106.7K $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%
$2,133,620
Cap Rate 7%
$1,524,014
Cap Rate 9%
$1,185,344
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,681 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.89M
NOI $173,148 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,641
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each home has a separate electric meter and assessor’s parcel number, with townhome-style entrances.
Where is this apartment building located?
The property is located at 1430 8th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Five condominium residences offered as one package; each has its own assessor’s parcel number and electric meter; 5,430‑square‑foot property on a 0.1951‑acre lot; Two units constructed approximately 3 years ago
