Building Details

Year Built 1928

Listing Agency: Oak Tree Property Group

Listed By: Stephen Pagones · License #01760998 Show Phone

Source: Exitrealty

Added: Oct 9, 2025 Changed: Nov 4 Last Checked: Nov 4 at 10:11AM

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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

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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 / Yr

$181,421

Cap Rate

9.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,628,420 $3.6M

Cap Rate 7%

$2,591,729 $2.6M

Cap Rate 9%

$2,015,789 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,592 SF

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 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 (±1% cap)

NOI $181,421 @ 7.0% cap · market cap 9.07%

Second Best

Mixed Use

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,427 @ 7.0% cap · market cap 6.52%

Theoretical Best

Multifamily LT 5

$2.81M

$2.46M – $3.28M (±1% cap)

NOI $196,909 @ 7.0% cap · market cap 9.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Le Covf Beauty ... Hair Salon

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

680

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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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.**