Building Details

Year Built 1946

Listing Agency: THE PINZA GROUP, INC Show Phone

Listed By: JAY FLORES · License #02037775 Show Phone

Source: Corcoran

Added: Nov 13, 2025 Changed: Oct 5 Last Checked: Oct 14 at 11:14PM

Report an Issue

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 THE PINZA GROUP, INC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This nine-unit investment property, constructed in 1946, features a unit mix of one 3-bedroom/1-bathroom house, two 2-bedroom/1-bathroom units, five 1-bedroom/1-bathroom units, and one studio unit. Situated on a 40,075 square foot lot, the property offers ample parking and potential for expansion. The property is 100% occupied and presents a turn-key investment opportunity, as all units were remodeled in 2015 and all deferred maintenance has been addressed. Rental upside exists, as many units are currently under market value. Additional income opportunities include a large garage under the house with a bathroom that is not currently being rented, along with a 24-slip boat dock that can be rebuilt and leased. This waterfront apartment complex offers multiple avenues for growth, making it suitable for investors or owner-occupants seeking a cash-flowing asset.

Key Highlights

• 100% Occupied, Turn‑Key Investment Property
• Significant Rental Upside with Under‑Market Rents
• Large 40,075 SqFt Waterfront Lot with Expansion Potential

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,636

Cap Rate

5.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,732,720 $1.7M

Cap Rate 7%

$1,237,657 $1.2M

Cap Rate 9%

$962,622 $962.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,450 SF

Gross rent

$165.5K $30.36/SF

− Vacancy

−$7.9K −$1.46/SF

EGI

$157.5K $28.90/SF

− OpEx

−$70.9K −$13.01/SF

NOI

$86.6K $15.90/SF

Area

Contra Costa County, CA

Vacancy

4.80%

Lease Rate

$30.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,732,720

Cap Rate 7%

$1,237,657

Cap Rate 9%

$962,622

Alternative Uses

Best Use

Apartment 5plus

$1.24M

$1.08M – $1.44M (±1% cap)

NOI $86,636 @ 7.0% cap · market cap 5.11%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.06M

$1.80M – $2.40M (±1% cap)

NOI $144,207 @ 7.0% cap · market cap 8.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Cafe & Coffee Shop

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

15

Businesses Nearby

Explore this area Business Placement

Demographics for 94561, CA

44,545

Population

14,251

Households

3.1

Avg Household Size

36

Median Age

23%

College-Educated

89%

High-School Grad

17.3 sq mi

ZIP Area

2,575

Density / Sq Mi

$130,859

Median Household Income

$52,220

Median Earnings

$1,982

Median Rent

$632,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

See more

Remodeled Residential Income Property

75 E Bolton Rd, Oakley, CA 94541

$135,000

View details

Double-Wide Residential Income Property

123 Zartop, Oakley, CA 94561

$120,000

View details

Updated 2-Bed Manufactured Home

50 Cayuga St, Oakley, CA 94561

$96,500

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Nine-unit waterfront property with rental upside and expansion potential.

Where is this apartment building located?

The property is located at 2140 Dutch Slough Rd Oakley, CA.

What is the asking price?

The asking price for this property is $1,695,000.

What are key features of this property?

This property features: 100% Occupied, Turn‑Key Investment Property; Significant Rental Upside with Under‑Market Rents; Large 40,075 SqFt Waterfront Lot with Expansion Potential