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Oakland 6-Unit Investment Opportunity

2523 Mason St, Oakland, CA 94605

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For Sale

$799,000

6-unit residential property in Oakland with income and growth potential.

Property size:

3,709 SF

Price / SF:

$215/SF

HighLights

Excellent income‑generating property with updated units for immediate revenue.
Highly desirable location in Oakland with convenient access to highways and public transportation.
Valuable on‑site amenities: three 2‑car garages, common courtyard, and private backyard.
Additional income potential from common area coin‑operated laundry room.
Strong tenant demand due to proximity to local amenities.
Significant potential for continued income growth and long‑term appreciation.

We can help!

Listing Contact

DEVANG PARIKH

For Sale

$799,000

6-unit residential property in Oakland with income and growth potential.

Property size:

3,709 SF

Price / SF:

$215/SF

Added:: Jun 9, 2025
Days on Market:: 379
Last Refresh:: Mar 16 at 9:08 am

Property Features for 2523 Mason St

General Information

Standard status: Active
Size: 3,709 SF

Building Details

Year Built: 1958

We can help!

Listing Contact

DEVANG PARIKH

Listing agent DEVANG PARIKH

Listing office SOTHEBY'S INTERNATIONAL REALTY INC

Listing date Jun 9, 2025

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 SOTHEBY'S INTERNATIONAL REALTY INC

HighLights

Excellent income‑generating property with updated units for immediate revenue.
Highly desirable location in Oakland with convenient access to highways and public transportation.
Valuable on‑site amenities: three 2‑car garages, common courtyard, and private backyard.
Additional income potential from common area coin‑operated laundry room.
Strong tenant demand due to proximity to local amenities.
Significant potential for continued income growth and long‑term appreciation.

Overview

Located at 2523 Mason Street in Oakland, this 6-unit residential property presents an investment opportunity designed for immediate income and future growth. The property's location offers proximity to local amenities, access to major highways, and convenient public transportation. The updated units are currently generating income, and additional income potential is realized through a common area coin-operated laundry room. On-site amenities include three two-car garages, a common area courtyard, and a private backyard. The property size is 3709 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$129.1k	$34.80
− Vacancy	−$6.7k	−$1.81
EGI	$122.4k	$32.99
− OpEx	−$55.1k	−$14.85
NOI	$67.3k	$18.14

3,709 SF · lease $34.80/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$961.4K

$841.2K – $1.12M (±1% cap)

NOI $67,299 @ 7.0% cap · market cap 8.42%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.07M

$938.5K – $1.25M (±1% cap)

NOI $75,077 @ 7.0% cap · market cap 9.40%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Oakland
County: Alameda
State: California
Longitude: -122.192
Latitude: 37.7724

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For sale
Apartment buildings
CA
Oakland
94605
2523 Mason St

What type of property is this?

Apartment building - 6-unit residential property in Oakland with income and growth potential.

Where is this apartment building located?

The property is located at 2523 Mason St Oakland, CA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Excellent income‑generating property with updated units for immediate revenue.; Highly desirable location in Oakland with convenient access to highways and public transportation.; Valuable on‑site amenities: three 2‑car garages, common courtyard, and private backyard.