Eight-Unit Apartment
For Sale
$1,395,000
2742 B ST, Oakland, CA 94621
Multifamily property with a balanced mix of studio and one-bedroom residences near Lake Merritt.
Property Size4,860 SF
Lot Size0.10 Acres
Price / SF$287.04
Days on Market9
Property Features for 2742 B ST
General Information
Standard status
Active
Size
4,860 SF
Lot size
0.10 Acres
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA, 4 x studio
Multifamily Units
8
Additional Details
Highway Access
Yes
Amenities
3
Building Details
Year Built
1954
Buildings
1
Listing Agency:
(415) 794-5804
Listed By:
Compass
(415) 794-5804
Source:
Xome
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 5 at 5:02AM
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 Compass
Investment Insights
Based on property information with market context.
This apartment property contains eight residences within 4,860 square feet of building area on a 4,500-square-foot lot. The unit mix includes four one-bedroom, one-bathroom apartments and four studio units. Built in 1954, the building provides a compact multifamily configuration with varied residential layouts.
The Oakland setting places the property near Lake Merritt and Laney College, with Downtown Oakland also within reach. Interstate 580 provides regional access across the East Bay and surrounding areas.
The Oakland setting places the property near Lake Merritt and Laney College, with Downtown Oakland also within reach. Interstate 580 provides regional access across the East Bay and surrounding areas.
Key Highlights
- Eight‑unit apartment building with four studios and four one‑bedroom, one‑bathroom units
- 4,860 square feet of building area on a 4,500‑square‑foot lot
- Built in 1954
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 | $195.4k | $40.20 |
| − Vacancy | −$8.8k | −$1.81 |
| EGI | $186.6k | $38.39 |
| − OpEx | −$84.0k | −$17.28 |
| NOI | $102.6k | $21.12 |
4,860 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,619 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.59M
$1.39M – $1.86M
NOI $111,380 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Explore this area
Business Placement
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a balanced mix of studio and one-bedroom residences near Lake Merritt.
Where is this apartment building located?
The property is located at 2742 B ST Oakland, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Eight‑unit apartment building with four studios and four one‑bedroom, one‑bathroom units; 4,860 square feet of building area on a 4,500‑square‑foot lot; Built in 1954
