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    Oakland Multifamily Investment Opportunity Title is generated by Realmo AI

    1757 26Th Ave, Oakland, CA 94601

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    Claim this Listing
    For Sale
    $6,995,000

    39-unit building in Fruitvale district with significant rental upside.

    Type:Commercial
    Property size:
    25,447 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $274/SF
    Added:
    Apr 10, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 10 at 8:04 pm

    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

    We can help!

    Listing Contact
    STEVEN PETERSON

    Listing agent STEVEN PETERSON License #01746140

    Listing office INFINITY INVESTMENTS

    Listing date Apr 10, 2026

    Source Corcoran

    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

    HighLights

    • 33% upside in rents offers significant potential for increased returns
    • 80% of units have been completely renovated
    • Significant foundation upgrades ensure structural integrity
    • Lifetime GAF roof warranty provides long‑term protection
    • Located in the heart of Oakland’s Fruitvale district, close to Lake Merritt
    • Mix of unit types (studio, 1‑bed, 2‑bed) caters to a diverse tenant base

    Overview

    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.

    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 (±1% cap)
    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 (±1% cap)
    NOI $726,073 @ 7.0% cap · market cap 10.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Kensington Plaza Real Estate Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2293695
    Latitude
    37.7843452

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    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
    (510) 380-8101
    We can help!
    Listing Contact
    STEVEN PETERSON
    Real Estate License ID: 01746140
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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