Live-Work Loft with Industrial Window
For Sale
$375,000
1920 Union St #9, Oakland, CA 94607
Converted 1930 factory loft features an industrial window wall and existing storage across both levels.
Property Size1,006 SF
Days on Market128
Property Features for 1920 Union St #9
General Information
Standard status
Active
Size
1,006 SF
Property subtype
Comm Ind For Sale
Site & Location
Neighborhood
West Oakland
Building Details
Building Size
1,006 SF
Year Built
1930
Listing Agency:
KW Advisors East Bay
Listed By:
Carrie Trimmer
(415) 525-9883
Source:
Coastandcore
Added: Jun 21
Changed: Oct 26
Last Checked: Oct 25 at 12:10AM
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 KW Advisors East Bay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This live-work loft is set in a converted 1930 factory building and offers classic industrial character throughout. The upstairs includes original factory wood flooring in the bedroom, while the downstairs has industrial tile. The unit is described as having substantial storage on both levels, and it retains the original industrial window wall that brings in natural light. A European-style gas range is included in the kitchen, and the building is already wired for Sonic high-speed internet.
The ground-floor location is noted as suitable for commercial use. The property is pet friendly and is part of a self-managed HOA, with HOA dues stated as $454. Public remarks cite close proximity to Ghost Town Brewery, Pacific Pipe, DeFremery Park, and the Oakland Public Library West Oakland, as well as Proyecto Diaz Coffee.
Financing terms are described as dependent on the buyer’s program, with guidance that financing may require commercial, cash, or SBA loan; a loan contingency is stated as acceptable. BikeScore 87 and WalkScore 99 are also provided in the public remarks.
The ground-floor location is noted as suitable for commercial use. The property is pet friendly and is part of a self-managed HOA, with HOA dues stated as $454. Public remarks cite close proximity to Ghost Town Brewery, Pacific Pipe, DeFremery Park, and the Oakland Public Library West Oakland, as well as Proyecto Diaz Coffee.
Financing terms are described as dependent on the buyer’s program, with guidance that financing may require commercial, cash, or SBA loan; a loan contingency is stated as acceptable. BikeScore 87 and WalkScore 99 are also provided in the public remarks.
Key Highlights
- Converted 1930 factory loft in a live/work building
- Original factory wood flooring in the upstairs bedroom and industrial tile downstairs
- Industrial window wall for natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,271
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,420
$305.4K
Cap Rate 7%
$218,157
$218.2K
Cap Rate 9%
$169,678
$169.7K
Market Conditions
NOI Build-Up for 1,006 SF
Gross rent
$27.8K $27.60/SF
− Vacancy
−$3.3K −$3.31/SF
EGI
$24.4K $24.29/SF
− OpEx
−$9.2K −$9.11/SF
NOI
$15.3K $15.18/SF
Area
Oakland, CA
Vacancy
12.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,420
Cap Rate 7%
$218,157
Cap Rate 9%
$169,678
Alternative Uses
Best Use
Mixed Use
$218.2K
$190.9K – $254.5K
NOI $15,271 @ 7.0% cap · market cap 4.07%
Second Best
Office B
$192.7K
$168.6K – $224.8K
NOI $13,487 @ 7.0% cap · market cap 3.60%
Theoretical Best
Multifamily LT 5
$329.4K
$288.2K – $384.3K
NOI $23,055 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Converted 1930 factory loft features an industrial window wall and existing storage across both levels.
Where is this live-work space located?
The property is located at 1920 Union St #9 Oakland, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Converted 1930 factory loft in a live/work building; Original factory wood flooring in the upstairs bedroom and industrial tile downstairs; Industrial window wall for natural light
