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    Oakland Multifamily Property with Upside Title is generated by Realmo AI

    1900 26th Ave, Oakland, CA 94601

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    Nostalgic 41-unit building in Oakland with renovation and upside.

    Type:Multifamily
    Property size:
    31,889 SF
    Price / SF:
    $250/SF
    Added:
    Feb 19, 2026
    Days on Market:
    104
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1900 26th Ave

    General Information

    Standard status
    Active
    Size
    31,889 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1928

    We can help!

    Listing Contact
    Frederick Lewis

    Listing agent Frederick Lewis License #CA

    Listing office California and Oakland Affordable Housing Group, LLC

    Listing date Feb 19, 2026

    Source Crexi

    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

    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.
    • 80% of the 41 residential units have been renovated.
    • Soft story work and sewer lateral completed.
    • Video surveillance system securing the entire property.

    Overview

    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.

    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 (±1% cap)
    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 (±1% cap)
    NOI $909,880 @ 7.0% cap · market cap 11.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -122.2284803
    Latitude
    37.7847828

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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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Frederick Lewis
    Real Estate License ID: CA
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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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