Oakland Multifamily Property with
1900 26th Ave Oakland, CA 94601
1900 26th Ave, Oakland, CA, 94601
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For Sale
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Nostalgic 41-unit building in Oakland with renovation and upside.
Property Size31,889 SF
Price / SF$250.71
Days on Market151
Property Features for 1900 26th Ave
General Information
- Standard status
- Active
- Size
- 31,889 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1928
Listing Agency
California and Oakland Affordable Housing Group, LLC
Listed by
Frederick Lewis · License #CA
Source
Crexi
Added: Feb 19 Checked: Jul 19 at 6:37 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 California and Oakland Affordable Housing Group, LLC
Investment Insights
Based on property information with market context.
Located at 1900 26th Ave in Oakland, California, this three-story multifamily property was built in 1928. The building features 41 residential units, encompassing 31,889 square feet of gross building area, situated on two parcels along with a full city block of 43 garages. The unit mix includes 24 studio units, 13 one-bedroom/one-bathroom units, and 4 two-bedroom/one-bathroom units. The building has a concrete perimeter foundation, wood exterior walls, and a composition shingle roof. On-site laundry facilities are available. Eighty percent of the units have been renovated, and all units have separate meters. The property benefits from a video surveillance camera system. A fire three years ago led to a $3,500,000 rehabilitation of the units, including new electric and plumbing. Soft story work and sewer lateral have been completed. The property is considered to be in good condition with no deferred maintenance and is professionally landscaped. The complex is close to the Fruitvale Transit Village and Bart Station. The surrounding neighborhood is bike-friendly and walkable, with nearby stores, public transportation, parks, and shops. Streets are lined with trees and well-lit at night. The property allows the next owner to increase returns and leverage investment in the hot Oakland market, with 20% upside in the current rents. The regulatory agreement allows this property to have a waiver of Ad Valorem property taxes.
Key Highlights
- Significant rental upside (20%) in the hot Oakland market.
- Recent $3,500,000 rehabilitation with new electric and plumbing after a fire 3 years ago.
- Ad Valorem property tax waiver due to regulatory agreement.
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 | $1.28M | $40.20 |
| − Vacancy | −$47.4k | −$1.49 |
| EGI | $1.23M | $38.71 |
| − OpEx | −$555.5k | −$17.42 |
| NOI | $679.0k | $21.29 |
31,889 SF · lease $40.20/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$9.70M
$8.49M – $11.32M
NOI $678,978 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.00M
$11.37M – $15.16M
NOI $909,880 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Nostalgic 41-unit building in Oakland with renovation and upside.
Where is this apartment building located?
The property is located at 1900 26th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $7,995,000.
What are key features of this property?
This property features: Significant rental upside (20%) in the hot Oakland market.; Recent $3,500,000 rehabilitation with new electric and plumbing after a fire 3 years ago.; Ad Valorem property tax waiver due to regulatory agreement.
