Historic Multifamily Building with Bonus
260 Park View Terrace Oakland, CA 94610
260 Park View Terrace, Oakland, CA, 94610
$2,050,000
For Sale
$2,050,000
Built in 1906, this multifamily property includes four units plus one bonus unit and a vacant 4-bedroom unit at close.
Property Size3,322 SF
Price / SF$617.10
Days on Market45
Property Features for 260 Park View Terrace
General Information
- Standard status
- Active
- Size
- 3,322 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1906
Listing agency
BellStreet Inc.
(650) 282-0477
Listed by
Amit Urban · License #01998926
(650) 282-0477
Source
Exitrealty
Added: Jun 8 Updated: Jul 21 at 7:03PM Checked: Jul 22 at 7:38AM
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 BellStreet Inc.
Investment Insights
Based on property information with market context.
Built in 1906, this character-rich multifamily property at 260 Park View Terrace offers four units plus one bonus unit within a total of 3,322 square feet. The layout provides multiple income-producing units, with an additional 4-bedroom unit that will be delivered vacant at the close of escrow.
The property is located in Oakland’s Adams Point neighborhood, described as being steps from the shores of Lake Merritt. It is also presented as being within a walkable area with access to dining, parks, transit, restaurants, shopping, and the energy of the surrounding urban community.
For investors and owner-occupants seeking flexibility, the vacancy at close can support immediate move-in, renovation, or leasing, depending on the buyer’s intended use.
The property is located in Oakland’s Adams Point neighborhood, described as being steps from the shores of Lake Merritt. It is also presented as being within a walkable area with access to dining, parks, transit, restaurants, shopping, and the energy of the surrounding urban community.
For investors and owner-occupants seeking flexibility, the vacancy at close can support immediate move-in, renovation, or leasing, depending on the buyer’s intended use.
Key Highlights
- Multifamily property built in 1906 with 4 units plus 1 bonus unit
- 3,322 SF total building size
- 4‑bedroom unit scheduled to be delivered vacant at Close of Escrow
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 | $133.5k | $40.20 |
| − Vacancy | −$6.0k | −$1.81 |
| EGI | $127.5k | $38.39 |
| − OpEx | −$57.4k | −$17.28 |
| NOI | $70.1k | $21.12 |
3,322 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$876.8K – $1.17M
NOI $70,144 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.09M
$951.7K – $1.27M
NOI $76,133 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ezra Engine Agency
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Built in 1906, this multifamily property includes four units plus one bonus unit and a vacant 4-bedroom unit at close.
Where is this apartment building located?
The property is located at 260 Park View Terrace Oakland, CA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Multifamily property built in 1906 with 4 units plus 1 bonus unit; 3,322 SF total building size; 4‑bedroom unit scheduled to be delivered vacant at Close of Escrow
