Eight-Unit Apartment
For Sale
$1,350,000
2742 Park Blvd, Oakland, CA 94606
Four studios and four one-bedroom units provide a balanced residential configuration near Lake Merritt.
Property Size4,860 SF
Lot Size0.10 Acres
Price / SF$277.78
Days on Market79
Property Features for 2742 Park Blvd
General Information
Standard status
Active
Size
4,860 SF
Lot size
0.10 Acres
Units
Unit Mix
4 x 1BR/1BA, 4 x studio
Multifamily Units
8
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$24,658
Building Details
Buildings
1
Listing Agency:
Compass
(415) 345-3000
Listed By:
Gabriel Manzanares · License #02051583
(415) 794-5804
Source:
Exprealty
Added: Jul 31
Changed: Oct 6
Last Checked: Oct 16 at 12:38PM
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
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Investment Insights
Based on property information with market context.
This apartment building contains eight units within 4,860 square feet of building area on a 4,500-square-foot lot. The configuration includes four studio units and four one-bedroom, one-bathroom units, providing a mix of compact and larger residences in one property.
The building is located near Lake Merritt and Laney College, with Downtown Oakland also within reach. Interstate 580 provides regional access across the East Bay and beyond. The surrounding setting places residents near Oakland’s central employment, educational, dining, and entertainment destinations.
The building is located near Lake Merritt and Laney College, with Downtown Oakland also within reach. Interstate 580 provides regional access across the East Bay and beyond. The surrounding setting places residents near Oakland’s central employment, educational, dining, and entertainment destinations.
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
- Near Lake Merritt and Laney College
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,482
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,909,640
$1.9M
Cap Rate 7%
$1,364,029
$1.4M
Cap Rate 9%
$1,060,911
$1.1M
Market Conditions
NOI Build-Up for 4,860 SF
Gross rent
$183.7K $37.80/SF
− Vacancy
−$10.1K −$2.08/SF
EGI
$173.6K $35.72/SF
− OpEx
−$78.1K −$16.07/SF
NOI
$95.5K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,909,640
Cap Rate 7%
$1,364,029
Cap Rate 9%
$1,060,911
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,482 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,973 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,748
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four studios and four one-bedroom units provide a balanced residential configuration near Lake Merritt.
Where is this apartment building located?
The property is located at 2742 Park Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,350,000.
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; Near Lake Merritt and Laney College
