Oakland Mixed-Use Investment
2605 High St Oakland, CA 94619
For Sale
$2,000,000
Mixed-use property with residential units and commercial spaces for sale.
Property Size8,592 SF
Price / SF$232.77
Days on Market340
Property Features for 2605 High St
General Information
- Standard status
- Active
- Size
- 8,592 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1928
Listing Agency:
OAK TREE PROPERTY GROUP
(510) 255-2248
Listed By:
STEPHEN PAGONES · License #DRE #01760998
Source:
Corcoran
Added: Aug 22, 2025
Changed: Jul 6
Last Checked: Jul 26 at 7:53AM
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 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 | $345.4k | $40.20 |
| − Vacancy | −$15.5k | −$1.81 |
| EGI | $329.9k | $38.39 |
| − OpEx | −$148.4k | −$17.28 |
| NOI | $181.4k | $21.12 |
8,592 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.59M
$2.27M – $3.02M
NOI $181,421 @ 7.0% cap · market cap 9.07%
Second Best
Retail
$2.38M
$2.08M – $2.78M
NOI $166,592 @ 7.0% cap · market cap 8.33%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Le Covf Beauty ...
Hair Salon
FAQs
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.**
