Oakland Multifamily Investment
1757 26Th Ave Oakland, CA 94601
1757 26Th Ave, Oakland, CA, 94601
$6,995,000
For Sale
$6,995,000
39-unit building in Fruitvale district with significant rental upside.
Property Size25,447 SF
Lot Size0.25 Acres
Price / SF$274.89
Days on Market101
Property Features for 1757 26Th Ave
General Information
- Standard status
- Active
- Size
- 25,447 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1928
Listing Agency
INFINITY INVESTMENTS
(510) 380-8101
Listed by
STEVEN PETERSON · License #01746140
Source
Corcoran
Added: Apr 10 Checked: Jul 19 at 7:16 am
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 INFINITY INVESTMENTS
Investment Insights
Based on property information with market context.
Kensington Plaza is a three-story building located in Oakland, California. Constructed in 1928, this Marina-style building contains a total of 39 units within its 25,447 square feet. The building sits on a 10,951 square foot lot in a central business district, specifically in the heart of Oakland’s Fruitvale district, close to Lake Merritt. The unit mix includes 9 studios, 18 one-bedroom/one-bath units, 8 two-bedroom/one-bath units, and 4 two-bedroom/two-bath units. The units feature bay windows, separate eat-in kitchens, and large walk-in closets. Significant improvements have been made recently, including upgraded kitchens and baths, newer vinyl windows, and newer flooring. Most units also feature new paint, carpet, or hardwood floors and ceiling fans. The building has also had significant foundation upgrades. The building is separately metered for gas and electricity. 80% of the units have been completely renovated. The roof has a lifetime GAF warranty for the life of the property against leaks or repairs. A laundry room is present, generating monthly income for the property. The property allows for increased returns and leveraged investment in the Oakland market, with 33% upside in rents.
Key Highlights
- 33% upside in rents offers significant potential for increased returns
- 80% of units have been completely renovated
- Significant foundation upgrades ensure structural integrity
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 | $1.02M | $40.20 |
| − Vacancy | −$37.8k | −$1.49 |
| EGI | $985.1k | $38.71 |
| − OpEx | −$443.3k | −$17.42 |
| NOI | $541.8k | $21.29 |
25,447 SF · lease $40.20/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$7.74M
$6.77M – $9.03M
NOI $541,816 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.37M
$9.08M – $12.10M
NOI $726,073 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kensington Plaza
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 39-unit building in Fruitvale district with significant rental upside.
Where is this apartment building located?
The property is located at 1757 26Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: 33% upside in rents offers significant potential for increased returns; 80% of units have been completely renovated; Significant foundation upgrades ensure structural integrity
