Five-Property Multifamily
For Sale
$3,415,000
1932 6th Avenue, Oakland, CA 94606
Five multifamily assets are offered across Oakland and El Sobrante, California.
Property Size9,148 SF
Price / SF$373.31
Days on Market31
Property Features for 1932 6th Avenue
General Information
Standard status
Active
Size
9,148 SF
Property subtype
Multi-Family
Building Details
Buildings
5
Tenancy
Multi
Listing Agency:
Colliers International
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Aug 18
Changed: Sep 12
Last Checked: Sep 16 at 5:24PM
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 Colliers International
Investment Insights
Based on property information with market context.
This multifamily portfolio comprises five separate properties distributed across Oakland and El Sobrante, California. The assets are identified at 14 Whitmore Place, 5527 Shattuck Avenue, 5601 Shattuck Avenue, 1932 6th Avenue, 484 37th Street, and 4230 San Pablo Dam Road.
The offering spans three East Bay submarkets, with four listed properties in Oakland and one in El Sobrante. The Oakland assets include two locations on Shattuck Avenue, along with properties on Whitmore Place, 6th Avenue, and 37th Street. The El Sobrante property is located on San Pablo Dam Road.
The offering spans three East Bay submarkets, with four listed properties in Oakland and one in El Sobrante. The Oakland assets include two locations on Shattuck Avenue, along with properties on Whitmore Place, 6th Avenue, and 37th Street. The El Sobrante property is located on San Pablo Dam Road.
Key Highlights
- Five multifamily properties included in one portfolio
- Four Oakland properties and one El Sobrante property
- Oakland assets at 14 Whitmore Place, 5527 Shattuck Avenue, 5601 Shattuck Avenue, 1932 6th Avenue, and 484 37th Street
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
$179,727
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
5.26%
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%
$3,594,540
$3.6M
Cap Rate 7%
$2,567,529
$2.6M
Cap Rate 9%
$1,996,967
$2.0M
Market Conditions
NOI Build-Up for 9,148 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
$345.8K $37.80/SF
− Vacancy
−$19.0K −$2.08/SF
EGI
$326.8K $35.72/SF
− OpEx
−$147.0K −$16.07/SF
NOI
$179.7K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
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%
$3,594,540
Cap Rate 7%
$2,567,529
Cap Rate 9%
$1,996,967
Alternative Uses
Best Use
Apartment 5plus
$2.57M
$2.25M – $3.00M
NOI $179,727 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.17M
$3.65M – $4.86M
NOI $291,706 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,449
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Five multifamily assets are offered across Oakland and El Sobrante, California.
Where is this multifamily property located?
The property is located at 1932 6th Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $3,415,000.
What are key features of this property?
This property features: Five multifamily properties included in one portfolio; Four Oakland properties and one El Sobrante property; Oakland assets at 14 Whitmore Place, 5527 Shattuck Avenue, 5601 Shattuck Avenue, 1932 6th Avenue, and 484 37th Street
