Oakland Multifamily Investment
For Sale
$6,995,000
1757 26TH Avenue, Oakland, CA 94601
39-unit building in Fruitvale district with significant rental upside.
Property Size25,447 SF
Lot Size0.25 Acres
Price / SF$274.89
Days on Market287
Property Features for 1757 26TH Avenue
General Information
Standard status
Active
Size
25,447 SF
Lot size
0.25 Acres
Property subtype
Multi-family
Building Details
Year Built
1928
Listing Agency:
Infinity Investments
Listed By:
Steven Peterson · License #01746140
(510) 675-7755
Source:
Sevengables
Added: Nov 20, 2025
Changed: Sep 3
Last Checked: Sep 2 at 8:27PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$541,816
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,836,320
$10.8M
Cap Rate 7%
$7,740,229
$7.7M
Cap Rate 9%
$6,020,178
$6.0M
Market Conditions
NOI Build-Up for 25,447 SF
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.
Gross rent
$1.02M $40.20/SF
− Vacancy
−$37.8K −$1.49/SF
EGI
$985.1K $38.71/SF
− OpEx
−$443.3K −$17.42/SF
NOI
$541.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,836,320
Cap Rate 7%
$7,740,229
Cap Rate 9%
$6,020,178
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,132
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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 Avenue 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
