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 Market210
Property Features for 2740 73Rd Ave
General Information
Standard status
Active
Size
3,196 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Elmhurst
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: Apr 6
Changed: Oct 25
Last Checked: Oct 20 at 6:23PM
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
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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 / Yr
$64,693
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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
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
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.
