Mixed-Use Investment
- 2415 San Pablo Ave, Oakland, CA 94607
Two adjacent properties with residential and commercial units for sale.
Type:Commercial
Property size:
12,418 SFPrice / SF:
$241/SF- Added:
- Mar 31, 2026
- Days on Market:
- 63
- Last Refresh:
- Apr 2 at 8:09 pm
Property Features for - 2415 San Pablo Ave
General Information
- Standard status
- Active
- Size
- 12,418 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2001
Listing agent WILLEM BOS
Listing office COMPASS (415) 660-9955
Listing date Mar 31, 2026
Source Corcoran
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 COMPASS
HighLights
- Rare opportunity to acquire two adjacent investment properties (13 units total) in a prime location along the San Pablo Ave corridor.
- Ideally located near 19th Street BART, Hwy 980, Downtown Oakland, Uptown, and Berkeley.
- Strong in‑place income from a mix of residential and commercial tenants, including a long‑term tattoo studio.
- Extensive capital improvements including a new commercial roof (2024), exterior paint (2025), unit remodels, seismic upgrades, and exterior improvements.
- 2401 San Pablo Ave features turn‑key 7‑unit apartment building with diverse unit mix and secured 1:1 parking.
- 2415 San Pablo Ave offers modern mixed‑use asset with updated interiors and a shared rooftop deck with panoramic views.
Overview
An opportunity to acquire two adjacent investment properties located along the San Pablo Ave corridor. The properties are ideally situated near 19th Street BART, Hwy 980, Downtown Oakland, Uptown, and Berkeley. The combined properties at 2401 and 2415 San Pablo Ave offer a 13-unit residential and mixed-use investment. 2401 San Pablo Ave is a 7-unit apartment building featuring a mix of 1-bedroom, 2-bedroom, and studio units, with some units featuring townhouse-style layouts and ceilings over 12 feet. The property has undergone renovations including a new commercial roof in 2024, exterior paint in 2025, multiple unit remodels, secured 1:1 parking, and separate gas, electric, and water meters. 2415 San Pablo Ave is a mixed-use asset consisting of 5 residential units and 1 ground-floor commercial space occupied by a long-term tattoo studio tenant. The residential units feature modern layouts, updated interiors, and access to a shared rooftop deck with panoramic views. 2415 also benefits from fire sprinklers, major seismic upgrades, and exterior improvements. The property has a total size of 12418 square feet.
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 | $499.2k | $40.20 |
| − Vacancy | −$22.5k | −$1.81 |
| EGI | $476.7k | $38.39 |
| − OpEx | −$214.5k | −$17.28 |
| NOI | $262.2k | $21.12 |
12,418 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.75M
$3.28M – $4.37M
NOI $262,207 @ 7.0% cap · market cap 8.74%
Second Best
Retail
$3.44M
$3.01M – $4.01M
NOI $240,775 @ 7.0% cap · market cap 8.03%
Theoretical Best
Multifamily LT 5
$4.07M
$3.56M – $4.74M
NOI $284,593 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Castillo Rudolfo
Radio Station
Old English Studios
Tattoo & Piercing Shop
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2751227
- Latitude
- 37.8151736
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two adjacent properties with residential and commercial units for sale.
Where is this mixed-use property located?
The property is located at - 2415 San Pablo Ave Oakland, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Rare opportunity to acquire two adjacent investment properties (13 units total) in a prime location along the San Pablo Ave corridor.; Ideally located near 19th Street BART, Hwy 980, Downtown Oakland, Uptown, and Berkeley.; Strong in‑place income from a mix of residential and commercial tenants, including a long‑term tattoo studio.
