Mixed-Use Property with Corner
For Sale
$699,000
2353 82nd Ave, Oakland, CA 94605
Residential Income, Oakland, CA
Property Size2,435 SF
Lot Size0.07 Acres
Price / SF$287.06
Days on Market151
Property Features for 2353 82nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1
Parking features
Open
Exterior features
Back Yard
Appliances
Dryer, Washer, Gas Water Heater
Subdivision
Eastmont
Lot features
Corner Lot
Directions
GPS friendly.
Standard status
Active
APN
40337561
Size
2,435 SF
Lot size
0.07 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1933
Number of units
3
Building materials
Stucco
Roof type
Composition
Listing Agency:
Keller Williams Realty
(925) 855-8333
Listed By:
Ofer Dallal · License #02059033
(510) 417-9782
Added: Apr 20
Changed: Sep 16
Last Checked: Sep 17 at 12:06PM
MLS# 41131633
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,435-square-foot mixed-use property, built in 1933 on 0.068 acres, combines two residential units with a corner storefront. The primary residence spans three levels and includes 3 bedrooms, 1 bathroom, an attached garage, dedicated laundry, and backyard access. A second unit contains a kitchen, full bathroom, and bedroom and is presently used as a permitted family day-care. The storefront is leased to a barber shop.
The property is located in Oakland near I-580, I-880, public transit, neighborhood retail, parks, and community services. Public water and sewer serve the site, with open parking available. Additional property details include stucco construction, a composition roof, and a sewer lateral compliance certificate. The offering reflects a 7-8% cap rate, with inspection reports available for review.
The property is located in Oakland near I-580, I-880, public transit, neighborhood retail, parks, and community services. Public water and sewer serve the site, with open parking available. Additional property details include stucco construction, a composition roof, and a sewer lateral compliance certificate. The offering reflects a 7-8% cap rate, with inspection reports available for review.
Key Highlights
- 2,435 square feet on a 0.068‑acre lot
- Two residential units plus a corner storefront leased to a barber shop
- Primary unit offers ~1,250 sq ft across three levels with 3 bedrooms and 1 bath
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
$49,289
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
7.05%
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%
$985,780
$985.8K
Cap Rate 7%
$704,129
$704.1K
Cap Rate 9%
$547,656
$547.7K
Market Conditions
NOI Build-Up for 2,435 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
$74.5K $30.60/SF
− Vacancy
−$4.1K −$1.68/SF
EGI
$70.4K $28.92/SF
− OpEx
−$21.1K −$8.68/SF
NOI
$49.3K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
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%
$985,780
Cap Rate 7%
$704,129
Cap Rate 9%
$547,656
Alternative Uses
Best Use
Multifamily LT 5
$704.1K
$616.1K – $821.5K
NOI $49,289 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$631.2K
$552.3K – $736.4K
NOI $44,182 @ 7.0% cap · market cap 6.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units complement a leased retail component, with public utilities and open parking.
Where is this mixed-use property located?
The property is located at 2353 82nd Ave Oakland, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,435 square feet on a 0.068‑acre lot; Two residential units plus a corner storefront leased to a barber shop; Primary unit offers ~1,250 sq ft across three levels with 3 bedrooms and 1 bath
