Oakland Multifamily Complex For
For Sale
$3,450,000
1810 25th, Oakland, CA 94606
23-unit apartment complex in Oakland's Highland Park neighborhood.
Property Size12,608 SF
Price / SF$273.64
Days on Market221
Property Features for 1810 25th
General Information
Standard status
Active
Size
12,608 SF
Property subtype
Commercial
Amenities
Electric Heating
Laminate Flooring
Wall Furnace Heating
Building Details
Year Built
1961
Listing Agency:
INFINITY INVESTMENTS
(510) 380-8101
Listed By:
STEVEN PETERSON · License #01746140
(510) 675-7755
Source:
Corcoran
Added: Mar 11
Changed: Oct 11
Last Checked: Oct 16 at 9:16AM
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
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Investment Insights
Based on property information with market context.
Highland Palms is a 23-unit market rate apartment complex located in Oakland's Highland Park neighborhood. The property consists of two three-story buildings. The unit mix includes 8 one-bedroom/one-bathroom units, 14 two-bedroom/one-bathroom units, and 1 three-bedroom/one-bathroom unit. There are 19 parking spaces available. Amenities include secure access, gated on-site parking, granite countertops, dual pane windows, and individual gas and electric meters. Two-thirds of the property was completely rebuilt due to a fire, including new electrical systems. Thirteen out of the 23 units have been remodeled with kitchens featuring granite countertops, updated laminate floors, lighting, appliances, and bathrooms with tile. Newer dual pane windows have been installed. Investors will receive a full tax abatement from the regulatory agreement in place, including a 100% waiver of Ad Valorem property taxes. The property size is 12608 square feet.
Key Highlights
- Full tax abatement (100% waiver of Ad Valorem property taxes) for the investor.
- Significant recent renovation: Two‑thirds of the property rebuilt after a fire, including new electrical systems.
- 13 out of 23 units remodeled with granite countertops, updated laminate floors, lighting, appliances, tile baths, and newer dual pane windows.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$247,704
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,954,080
$5.0M
Cap Rate 7%
$3,538,629
$3.5M
Cap Rate 9%
$2,752,267
$2.8M
Market Conditions
NOI Build-Up for 12,608 SF
Gross rent
$476.6K $37.80/SF
− Vacancy
−$26.2K −$2.08/SF
EGI
$450.4K $35.72/SF
− OpEx
−$202.7K −$16.07/SF
NOI
$247.7K $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%
$4,954,080
Cap Rate 7%
$3,538,629
Cap Rate 9%
$2,752,267
Alternative Uses
Best Use
Apartment 5plus
$3.54M
$3.10M – $4.13M
NOI $247,704 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.74M
$5.03M – $6.70M
NOI $402,036 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,227
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 23-unit apartment complex in Oakland's Highland Park neighborhood.
Where is this apartment building located?
The property is located at 1810 25th Oakland, CA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Full tax abatement (100% waiver of Ad Valorem property taxes) for the investor.; Significant recent renovation: **Two‑thirds of the property rebuilt after a fire, including new electrical systems.**; 13 out of 23 units remodeled with granite countertops, updated laminate floors, lighting, appliances, tile baths, and newer dual pane windows.
