Apartment Building with Garage
For Sale
$7,995,000
26th, Oakland, CA 94601
ResidentialIncome, Oakland, CA
Property Size24,789 SF
Lot Size0.23 Acres
Price / SF$322.52
Days on Market12
Property Features for 26th
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-30
Elementary school
OaklandUnified
High school
OaklandUnified
Elementary school district
OaklandUnified
High school district
OaklandUnified
Subdivision
OaklandZipCode94601
Standard status
Active
APN
026-0738-004
Size
24,789 SF
Lot size
0.23 Acres
Amenities
video surveillance
Building Details
Year built
1928
Listing Agency:
KW Advisors · Keller Williams Realty
(650) 627-3700
Listed By:
Alina Siert · License #01893238
(408) 712-7692
Added: Oct 10
Changed: Oct 21
Last Checked: Oct 21 at 11:06AM
MLS# ML82064244
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Kensington Gardens is a three-story apartment building constructed in 1928, with 41 residences and a separate parcel containing 45 garages. The unit mix includes 24 studios, 13 one-bedroom apartments and 4 two-bedroom apartments. Following a 2023 fire, the building was rehabilitated with new electrical and plumbing systems. Apartments are separately metered, and video surveillance is in place. Zoning is C-30.
The property is approximately 0.7 miles from Fruitvale BART and Fruitvale Village. A City of Oakland regulatory agreement remains in effect through March 2034 and requires at least 10 units to be available at 80% AMI or below.
The property is approximately 0.7 miles from Fruitvale BART and Fruitvale Village. A City of Oakland regulatory agreement remains in effect through March 2034 and requires at least 10 units to be available at 80% AMI or below.
Key Highlights
- 41 apartments: 24 studios, 13 one‑bedroom units and 4 two‑bedroom units
- Separate parcel includes 45 garages
- Three‑story building constructed in 1928 and rehabilitated after a 2023 fire
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$527,806
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,556,120
$10.6M
Cap Rate 7%
$7,540,086
$7.5M
Cap Rate 9%
$5,864,511
$5.9M
Market Conditions
NOI Build-Up for 24,789 SF
Gross rent
$996.5K $40.20/SF
− Vacancy
−$36.9K −$1.49/SF
EGI
$959.6K $38.71/SF
− OpEx
−$431.8K −$17.42/SF
NOI
$527.8K $21.29/SF
Area
ZIP 94601
Vacancy
3.70%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,556,120
Cap Rate 7%
$7,540,086
Cap Rate 9%
$5,864,511
Alternative Uses
Best Use
Apartment 5plus
$7.54M
$6.60M – $8.80M
NOI $527,806 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.10M
$8.84M – $11.79M
NOI $707,298 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
41
Residential units
Location Intelligence
Trade Area within ½ mile
6,765
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A rehabilitated Oakland apartment property combines a varied unit mix with a separate parcel containing garages.
Where is this apartment building located?
The property is located at 26th Oakland, CA.
What is the asking price?
The asking price for this property is $7,995,000.
What are key features of this property?
This property features: 41 apartments: 24 studios, 13 one‑bedroom units and 4 two‑bedroom units; Separate parcel includes 45 garages; Three‑story building constructed in 1928 and rehabilitated after a 2023 fire
