Oakland Mixed-Use Investment
For Sale
$995,000
2740 73Rd Ave, Oakland, CA 94605
Four-unit property with diversified income and high-yield potential.
Property Size3,196 SF
Price / SF$311.33
Days on Market183
Property Features for 2740 73Rd Ave
General Information
Standard status
Active
Size
3,196 SF
Property subtype
Multi Family
Building Details
Year Built
1927
Listing Agency:
Re/Max Synergy Group
(510) 786-2000
Listed By:
Shadi Alkhudari · License #01754475
(415) 240-8888
Source:
Exitrealty
Added: Mar 18
Changed: Sep 1
Last Checked: Sep 15 at 4:21AM
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 Re/Max Synergy Group
Investment Insights
Based on property information with market context.
This four-unit mixed-use investment property in Oakland features three residential units and one commercial storefront. The property offers a diversified income stream. Two of the residential units have been fully remodeled with modern finishes and in-unit washer and dryer. The remaining units provide additional upside potential. The property is located in the Eastmont District, near Eastmont Town Center, shopping, dining, and essential services. It also offers access to major freeways and transportation corridors. The location is somewhat walkable with a score of 61, and somewhat bikeable with a score of 24, and has good transit with a score of 53.
Key Highlights
- High‑yield investment opportunity with an 8%+ cap rate, providing strong returns from day one.
- Diversified income stream from three residential units and one commercial storefront, ensuring stability.
- Two fully remodeled residential units with modern finishes and in‑unit washer/dryer, attracting high‑quality tenants and premium rents.
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
$64,693
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
6.50%
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%
$1,293,860
$1.3M
Cap Rate 7%
$924,186
$924.2K
Cap Rate 9%
$718,811
$718.8K
Market Conditions
NOI Build-Up for 3,196 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
$97.8K $30.60/SF
− Vacancy
−$5.4K −$1.68/SF
EGI
$92.4K $28.92/SF
− OpEx
−$27.7K −$8.68/SF
NOI
$64.7K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,293,860
Cap Rate 7%
$924,186
Cap Rate 9%
$718,811
Alternative Uses
Best Use
Multifamily LT 5
$924.2K
$808.7K – $1.08M
NOI $64,693 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$828.4K
$724.9K – $966.5K
NOI $57,991 @ 7.0% cap · market cap 5.83%
Theoretical Best
—
—
same as Best Use
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
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
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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 - Four-unit property with diversified income and high-yield potential.
Where is this mixed-use property located?
The property is located at 2740 73Rd Ave Oakland, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High‑yield investment opportunity with an 8%+ cap rate, providing strong returns from day one.; Diversified income stream from three residential units and one commercial storefront, ensuring stability.; Two fully remodeled residential units with modern finishes and in‑unit washer/dryer, attracting high‑quality tenants and premium rents.
