Oakland Mixed-Use Investment
For Sale
$2,000,000
2605 High St, Oakland, CA 94619
Mixed-use property with residential units and commercial spaces for sale.
Property Size8,592 SF
Price / SF$232.77
Days on Market399
Property Features for 2605 High St
General Information
Standard status
Active
Size
8,592 SF
Property subtype
Multi Family
Building Details
Year Built
1928
Listing Agency:
Oak Tree Property Group
Listed By:
Stephen Pagones · License #01760998
(510) 255-2248
Source:
Exitrealty
Added: Aug 19, 2025
Changed: Sep 1
Last Checked: Sep 15 at 4:53AM
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 Oak Tree Property Group
Investment Insights
Based on property information with market context.
This mixed-use property, constructed in 1928, is located in Oakland, California. The building contains a mix of residential and commercial spaces, including 2 studio units, 3 one-bedroom/one-bath units, 5 two-bedroom/one-bath units, 1 three-bedroom/two-bath unit, and 4 commercial spaces. Select units feature upgrades such as LVT flooring, newer dual-pane windows, and updated kitchens and bathrooms. The property offers a potential value-add opportunity through rent increases, capital expenditure pass-throughs, and the possible conversion of the non-conforming unit in the back. The property has a total size of 8592 square feet.
Key Highlights
- Mixed‑use property with 15 units (residential and commercial).
- Value‑add opportunity through rent increases and capital expenditure pass‑throughs.
- Desirable upgrades including LVT flooring, newer dual‑pane windows, and updated kitchens and bathrooms.
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
$181,421
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
9.07%
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%
$3,628,420
$3.6M
Cap Rate 7%
$2,591,729
$2.6M
Cap Rate 9%
$2,015,789
$2.0M
Market Conditions
NOI Build-Up for 8,592 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
$345.4K $40.20/SF
− Vacancy
−$15.5K −$1.81/SF
EGI
$329.9K $38.39/SF
− OpEx
−$148.4K −$17.28/SF
NOI
$181.4K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
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%
$3,628,420
Cap Rate 7%
$2,591,729
Cap Rate 9%
$2,015,789
Alternative Uses
Best Use
Apartment 5plus
$2.59M
$2.27M – $3.02M
NOI $181,421 @ 7.0% cap · market cap 9.07%
Second Best
Mixed Use
$1.86M
$1.63M – $2.17M
NOI $130,427 @ 7.0% cap · market cap 6.52%
Theoretical Best
Multifamily LT 5
$2.81M
$2.46M – $3.28M
NOI $196,909 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
Explore this area
Business Placement
Demographics for 94619, CA
24,867
Population
10,348
Households
2.4
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
8.3 sq mi
ZIP Area
2,996
Density / Sq Mi
$129,879
Median Household Income
$65,351
Median Earnings
$2,131
Median Rent
$997,300
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential units and commercial spaces for sale.
Where is this mixed-use property located?
The property is located at 2605 High St Oakland, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Mixed‑use property with 15 units (residential and commercial).; Value‑add opportunity through rent increases and capital expenditure pass‑throughs.; Desirable upgrades including **LVT flooring, newer dual‑pane windows, and updated kitchens and bathrooms.**
