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Industrial Live-Work Loft
For Sale
$375,000

1920 Union St #9, Oakland, CA 94607

Commercial Sale, Oakland, CA

Property Size1,006 SF
Lot Size0.04 Acres
Price / SF$372.76
Days on Market134

Property Features for 1920 Union St #9

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Security features Security
Exterior features Landscaping
Accessibility Accessible Approach with Ramp
Appliances Water Heater
Subdivision WEST OAKLAND
Lot features Corner Lot
Standard status Active
APN 540521
Size 1,006 SF
Lot size 0.04 Acres

Utilities

Sewer type Public Sewer

Amenities

high-speed internet
pet friendly

Building Details

Year built 1930
Floors in Building 2
Building materials Concrete, Masonry, Stucco
Listing Agency: KW Advisors East Bay · Keller Williams Realty
Listed By: Carolyn Trimmer
Added: Jun 21 Changed: Oct 21 Last Checked: Nov 1 at 5:06PM
MLS# 41139139

Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This ground-floor commercial unit occupies part of a converted 1930 factory arranged as a live-work building. The 1,006-square-foot space uses a two-level loft layout with original factory wood flooring in the upstairs bedroom, industrial tile on the lower level, and substantial storage across both floors. An original industrial window wall brings natural light into the interior, while the kitchen includes a European-style gas range. The building is wired for Sonic high-speed internet and has an accessible ramped approach, concrete, masonry, and stucco construction, and public sewer service.

The property is near Prescott Market, Ghost Town Brewery, Pacific Pipe, DeFremery Park, and Oakland Public Library West Oakland. Commercial zoning is in place. Any residential use requires HOA approval, which remains subject to buyer verification. The building has one form of egress and a self-managed, pet-friendly HOA.

Key Highlights

  • 1,006‑square‑foot ground‑floor commercial unit
  • Converted 1930 factory with two‑level loft layout
  • Original industrial window wall provides 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 (±1% cap)
NOI $15,271 @ 7.0% cap · market cap 4.07%
Second Best
Office B
$192.7K
$168.6K – $224.8K (±1% cap)
NOI $13,487 @ 7.0% cap · market cap 3.60%
Theoretical Best
Multifamily LT 5
$329.4K
$288.2K – $384.3K (±1% cap)
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

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Dental Office Real Estate Agency Pharmacy Skin Care Clinic Hair Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,539
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Live-work space - Ground-level unit in a converted 1930 factory with two-level storage, natural light, and commercial zoning.
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: 1,006‑square‑foot ground‑floor commercial unit; Converted 1930 factory with two‑level loft layout; Original industrial window wall provides natural light
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