5-Unit Apartment
For Sale
$1,150,000
2138 19Th Ave, Oakland, CA 94606
Commercial Sale, Oakland, CA
Property Size3,032 SF
Lot Size0.08 Acres
Price / SF$379.29
Days on Market379
Property Features for 2138 19Th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
6
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 6, Bedroom 5, Bathroom 7
Parking features
Assigned, Carport
Window features
Window Coverings
Interior features
Storage
Appliances
Dryer, Washer
Lot features
Corner Lot
Directions
14th Ave to E21st St to 19th Av..
Subdivision
Listing
Standard status
Active
APN
21290261
Size
3,032 SF
Lot size
0.08 Acres
Utilities
Utilities
Cable Available
Water source
Public
Building Details
Year built
1905
Number of units
5
Flooring type
Tile, Laminate, Linoleum, Carpet
Building materials
Stucco
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Alliance Bay Realty
(510) 742-6600
Listed By:
Jun Li · License #01749045
(510) 589-7259
Added: Oct 4, 2025
Changed: Oct 17
Last Checked: Oct 17 at 10:06PM
MLS# 41113788
Copyright © 2026 Bay East. 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 5-unit apartment property includes 3,032 square feet within a 0.0803-acre parcel. The building dates to 1905 and features stucco construction, composition roofing, public water, storage, and a mix of carpet, laminate, linoleum, and tile flooring. Select apartments have been renovated, and the property includes washers and dryers along with assigned parking and a carport.
The basement has an approved permit for conversion into a legal 3-bedroom, 1-bath apartment. The property is located at 2138 19th Ave in Oakland, near Fruitvale BART, Highland Hospital, and Lake Merritt. Current performance is represented by an 8.25% CAP rate.
The basement has an approved permit for conversion into a legal 3-bedroom, 1-bath apartment. The property is located at 2138 19th Ave in Oakland, near Fruitvale BART, Highland Hospital, and Lake Merritt. Current performance is represented by an 8.25% CAP rate.
Key Highlights
- 5‑unit apartment property at 2138 19th Ave, Oakland, CA 94606
- 3,032 square feet on a 0.0803‑acre parcel
- Basement has an approved permit for conversion to a legal 3‑bedroom/1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,568
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,360
$1.2M
Cap Rate 7%
$850,971
$851.0K
Cap Rate 9%
$661,867
$661.9K
Market Conditions
NOI Build-Up for 3,032 SF
Gross rent
$114.6K $37.80/SF
− Vacancy
−$6.3K −$2.08/SF
EGI
$108.3K $35.72/SF
− OpEx
−$48.7K −$16.07/SF
NOI
$59.6K $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 Rate 5%
$1,191,360
Cap Rate 7%
$850,971
Cap Rate 9%
$661,867
Alternative Uses
Best Use
Apartment 5plus
$851.0K
$744.6K – $992.8K
NOI $59,568 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,682 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,473
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Stucco construction, assigned parking, and a carport support the property's practical residential configuration.
Where is this apartment building located?
The property is located at 2138 19Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5‑unit apartment property at 2138 19th Ave, Oakland, CA 94606; 3,032 square feet on a 0.0803‑acre parcel; Basement has an approved permit for conversion to a legal 3‑bedroom/1‑bath unit
