Waterfront Multifamily Investment
2140 Dutch Slough Rd Oakley, CA 94561
2140 Dutch Slough Rd, Oakley, CA, 94561
$1,695,000
For Sale
$1,695,000
Nine-unit waterfront property with rental upside and expansion potential.
Property Size5,450 SF
Lot Size0.92 Acres
Price / SF$311.01
Days on Market250
Property Features for 2140 Dutch Slough Rd
General Information
- Standard status
- Active
- Size
- 5,450 SF
- Lot size
- 0.92 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
Listing Agency
THE PINZA GROUP, INC
(510) 725-4775
Listed by
JAY FLORES · License #02037775
Source
Corcoran
Added: Nov 13, 2025 Updated: Jul 10 at 3:46 pm Checked: Jul 20 at 3:55 am
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.5k | $30.36 |
| − Vacancy | −$7.9k | −$1.46 |
| EGI | $157.5k | $28.90 |
| − OpEx | −$70.9k | −$13.01 |
| NOI | $86.6k | $15.90 |
5,450 SF · lease $30.36/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.08M – $1.44M
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
NOI $144,207 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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
