Six-Unit Apartment
For Sale
$1,250,000
3050 Davis Street, Oakland, CA 94601
Wood-frame multifamily property with a balanced unit mix, in-unit kitchens, and separately metered gas and electricity.
Property Size2,817 SF
Lot Size0.60 Acres
Price / SF$443.73
Days on Market99
Property Features for 3050 Davis Street
General Information
Standard status
Active
Size
2,817 SF
Lot size
0.60 Acres
Property subtype
5+ Units / Five or More Units
Site & Location
Neighborhood
Fruitvale
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 1BR/1BA, 3 x 2BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$17,202
Amenities
On Street
No, No, 3560, Other, None
Public, Master Water, Other, Other, Public Utilities, Sewer - Public
https://f8.f8re.com/videos/019f749d-c76a-7346-8bc5-133e047a6723
Building Details
Year Built
1965
Buildings
1
Construction
wood frame
Listing Agency:
Compass
Listed By:
Mike Magen · License #01911743
(408) 595-7836
Source:
Compass
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 28 at 11:56AM
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.
Built in 1965, this six-unit apartment building has a wood-frame structure with a stucco exterior and a level 0.60-acre site. The unit mix includes three one-bedroom, one-bath residences and three two-bedroom, one-bath residences. Each apartment includes a kitchen with a frost-free refrigerator, stove, wood cabinetry, and tile flooring, along with a gas wall furnace.
Gas and electricity are separately metered for each unit. The property is located in Oakland’s Diamond District with access to I-580 and I-980, connecting the site with San Francisco, Silicon Valley, Walnut Creek, and other Bay Area destinations.
Gas and electricity are separately metered for each unit. The property is located in Oakland’s Diamond District with access to I-580 and I-980, connecting the site with San Francisco, Silicon Valley, Walnut Creek, and other Bay Area destinations.
Key Highlights
- Six‑unit multifamily property built in 1965
- Unit mix includes three 1‑bedroom and three 2‑bedroom apartments
- Approximately 3,560 sq. ft. of living space on a 0.60‑acre level lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,979
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,199,580
$1.2M
Cap Rate 7%
$856,843
$856.8K
Cap Rate 9%
$666,433
$666.4K
Market Conditions
NOI Build-Up for 2,817 SF
Gross rent
$113.2K $40.20/SF
− Vacancy
−$4.2K −$1.49/SF
EGI
$109.1K $38.71/SF
− OpEx
−$49.1K −$17.42/SF
NOI
$60.0K $21.29/SF
Area
ZIP 94601
Vacancy
3.70%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,199,580
Cap Rate 7%
$856,843
Cap Rate 9%
$666,433
Alternative Uses
Best Use
Apartment 5plus
$856.8K
$749.7K – $999.7K
NOI $59,979 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,377 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
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?
Apartment building - Wood-frame multifamily property with a balanced unit mix, in-unit kitchens, and separately metered gas and electricity.
Where is this apartment building located?
The property is located at 3050 Davis Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six‑unit multifamily property built in 1965; Unit mix includes three 1‑bedroom and three 2‑bedroom apartments; Approximately 3,560 sq. ft. of living space on a 0.60‑acre level lot
