10-Unit Apartment
For Sale
$2,000,000
2858 Brookdale Ave, Oakland, CA 94602
Gas and electricity are individually metered for each residence.
Property Size8,162 SF
Price / SF$245.04
Days on Market110
Property Features for 2858 Brookdale Ave
General Information
Standard status
Active
Size
8,162 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
School
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Individually Metered Utilities
gas, electricity
Amenities
shared backyard
Building Details
Building Size
8,162 SF
Year Built
1961
Listing Agency:
Oak Tree Property Group
Listed By:
Stephen Pagones · License #01760998
(510) 255-2248
Source:
Acgoldtrealty
Added: Jul 20
Changed: Nov 2
Last Checked: Nov 6 at 2:03AM
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 Oak Tree Property Group
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Investment Insights
Based on property information with market context.
Built in 1961, this 8,162-square-foot apartment property contains ten two-bedroom, one-bathroom residences. Gas and electric service is separately metered for each unit. The site also includes a deep lot and a backyard shared by residents.
Located at 2858–2860 Brookdale Avenue in Oakland, the property is near transit, parks, local shops, and major roadways.
Located at 2858–2860 Brookdale Avenue in Oakland, the property is near transit, parks, local shops, and major roadways.
Key Highlights
- Ten two‑bedroom, one‑bathroom apartments
- 8,162 square feet; built in 1961
- Separate gas and electric meters for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,341
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,446,820
$3.4M
Cap Rate 7%
$2,462,014
$2.5M
Cap Rate 9%
$1,914,900
$1.9M
Market Conditions
NOI Build-Up for 8,162 SF
Gross rent
$328.1K $40.20/SF
− Vacancy
−$14.8K −$1.81/SF
EGI
$313.3K $38.39/SF
− OpEx
−$141.0K −$17.28/SF
NOI
$172.3K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,446,820
Cap Rate 7%
$2,462,014
Cap Rate 9%
$1,914,900
Alternative Uses
Best Use
Apartment 5plus
$2.46M
$2.15M – $2.87M
NOI $172,341 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.67M
$2.34M – $3.12M
NOI $187,055 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
10
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Gas and electricity are individually metered for each residence.
Where is this apartment building located?
The property is located at 2858 Brookdale Ave Oakland, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Ten two‑bedroom, one‑bathroom apartments; 8,162 square feet; built in 1961; Separate gas and electric meters for every unit
