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 Market80
Property Features for 1920 Union St #9
General Information
Standard status
Active
Size
1,006 SF
Property subtype
Comm Ind For Sale
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: Aug 25
Last Checked: Sep 7 at 9:05AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,271
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Questions? Ask Rey
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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
