Oakland Multifamily Investment
For Sale
$6,250,000
2505 10th Ave, Oakland, CA 94606
35-unit apartment complex in Oakland with strategic investment potential.
Property Size23,750 SF
Price / SF$263.16
Days on Market219
Property Features for 2505 10th Ave
General Information
Standard status
Active
Size
23,750 SF
Property subtype
Commercial
Amenities
Electric Heating
Building Details
Year Built
1957
Listing Agency:
INFINITY INVESTMENTS
(510) 380-8101
Listed By:
STEVEN PETERSON · License #01746140
(510) 675-7755
Source:
Corcoran
Added: Mar 13
Changed: Oct 4
Last Checked: Oct 16 at 8:38AM
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 INFINITY INVESTMENTS
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Investment Insights
Based on property information with market context.
Eastlake Apartments is a 35-unit market rate apartment complex located in Oakland, totaling 23,750 square feet. The property comprises 3 buildings on 1 lot and includes 29 one-bedroom/one-bathroom units, 5 two-bedroom/one-bath units, and 1 studio unit. There are 31 on-site parking spaces available. The property offers a strategic opportunity for an investor to establish a substantial presence in Oakland. It presents a compelling opportunity for workforce housing investment, offering investors a reliable and consistent revenue stream, driven by the growing demand for affordable housing in the Oakland market. Amenities include on-site laundry and secured access entry. The units feature mostly dual-pane windows, and individual gas and electricity meters. Some units offer views of downtown Oakland. The property benefits from exceptional connectivity to the Bay Area, with convenient access to Lake Merritt, Interstate 580 and 880, and proximity to Oakland International Airport, allowing residents several transportation options and ease of access to key regions throughout the Bay.
Key Highlights
- 35‑unit apartment complex in Oakland offering a substantial presence in the market.
- Reliable revenue stream driven by demand for workforce housing.
- Excellent connectivity to the Bay Area via Lake Merritt, I‑580, I‑880, and Oakland International Airport.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$466,606
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,332,120
$9.3M
Cap Rate 7%
$6,665,800
$6.7M
Cap Rate 9%
$5,184,511
$5.2M
Market Conditions
NOI Build-Up for 23,750 SF
Gross rent
$897.7K $37.80/SF
− Vacancy
−$49.4K −$2.08/SF
EGI
$848.4K $35.72/SF
− OpEx
−$381.8K −$16.07/SF
NOI
$466.6K $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%
$9,332,120
Cap Rate 7%
$6,665,800
Cap Rate 9%
$5,184,511
Alternative Uses
Best Use
Apartment 5plus
$6.67M
$5.83M – $7.78M
NOI $466,606 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.82M
$9.47M – $12.62M
NOI $757,325 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,535
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 - 35-unit apartment complex in Oakland with strategic investment potential.
Where is this apartment building located?
The property is located at 2505 10th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 35‑unit apartment complex in Oakland offering a substantial presence in the market.; Reliable revenue stream driven by demand for workforce housing.; Excellent connectivity to the Bay Area via Lake Merritt, I‑580, I‑880, and Oakland International Airport.
