Oakland Multifamily Investment
3057 - 3063 Blossom St Oakland, CA 94601
3057 - 3063 Blossom St, Oakland, CA, 94601
$1,572,000
For Sale
$1,572,000
Eight-unit multifamily property near Fruitvale BART and freeways.
Property Size5,280 SF
Price / SF$297.73
Days on Market240
Property Features for 3057 - 3063 Blossom St
General Information
- Standard status
- Active
- Size
- 5,280 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing Agency
SVN | Pacific Commercial Advisors
(510) 917-2022
Listed by
Justin Wong · License #CalDRE #01974254
(510) 917-2022
Source
Svn
Added: Nov 21, 2025 Checked: Jul 19 at 4:17 am
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 SVN | Pacific Commercial Advisors
Investment Insights
Based on property information with market context.
This is an opportunity to acquire two adjacent fourplexes in the East Bay. Located at 3057-3063 Blossom St, this 8-unit multifamily property offers 5,280 square feet of living space on an 8,020 square foot lot. The property is situated in a gated community featuring a shared courtyard and a spacious parking lot for tenants, along with a coin-operated laundry room. Each unit includes two bedrooms and one bathroom. The location is near the Fruitvale BART station and bus lines, with immediate access to the 580 freeway. The property is less than 1 mile from the Fruitvale BART Station and in close proximity to Interstates 580 and 880, providing access to other parts of the Bay Area. Downtown Oakland, Lake Merritt, and Oakland International Airport are a short drive away. The units are separately metered.
Key Highlights
- Rare opportunity: own two adjacent fourplexes (8 units total) in the East Bay.
- Ideal location near Fruitvale BART, bus lines, and the 580 freeway, appealing to commuters.
- Strong rental appeal to young professionals due to location and unit size, with easy access to San Francisco.
Local 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 | $212.3k | $40.20 |
| − Vacancy | −$7.9k | −$1.49 |
| EGI | $204.4k | $38.71 |
| − OpEx | −$92.0k | −$17.42 |
| NOI | $112.4k | $21.29 |
5,280 SF · lease $40.20/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.87M
NOI $112,421 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,653 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property near Fruitvale BART and freeways.
Where is this apartment building located?
The property is located at 3057 - 3063 Blossom St Oakland, CA.
What is the asking price?
The asking price for this property is $1,572,000.
What are key features of this property?
This property features: Rare opportunity: own two adjacent fourplexes (8 units total) in the East Bay.; Ideal location near Fruitvale BART, bus lines, and the 580 freeway, appealing to commuters.; Strong rental appeal to young professionals due to location and unit size, with easy access to San Francisco.
