Oakland Multifamily Investment
For Sale
$1,572,000
3057 - 3063 Blossom St, Oakland, CA 94601
Eight-unit multifamily property near Fruitvale BART and freeways.
Property Size5,280 SF
Days on Market331
Property Features for 3057 - 3063 Blossom St
General Information
Standard status
Active
Size
5,280 SF
Property subtype
Multi-Family
Building Details
Building Size
5,280 SF
Year Built
1962
Units
8
Listing Agency:
SVN | Pacific Commercial Advisors
Listed By:
Justin Wong · License #01974254
(415) 922-2900
Source:
Commercialcafe
Added: Nov 21, 2025
Changed: Oct 16
Last Checked: Oct 16 at 5:46AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,421
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,248,420
$2.2M
Cap Rate 7%
$1,606,014
$1.6M
Cap Rate 9%
$1,249,122
$1.2M
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$212.3K $40.20/SF
− Vacancy
−$7.9K −$1.49/SF
EGI
$204.4K $38.71/SF
− OpEx
−$92.0K −$17.42/SF
NOI
$112.4K $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%
$2,248,420
Cap Rate 7%
$1,606,014
Cap Rate 9%
$1,249,122
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,011
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
