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    Oakland Multifamily Investment Opportunity Title is generated by Realmo AI

    3057 - 3063 Blossom St, Oakland, CA 94601

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    Claim this Listing
    For Sale
    $2,250,000

    Eight-unit multifamily property near Fruitvale BART and freeways.

    Type:Multifamily
    Property size:
    5,280 SF
    Price / SF:
    $426/SF
    Added:
    Nov 21, 2025
    Days on Market:
    194
    Last Refresh:
    May 9 at 12:14 am

    Property Features for 3057 - 3063 Blossom St

    General Information

    Standard status
    Active
    Size
    5,280 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1962

    We can help!

    Listing Contact
    Justin Wong
    Justin Wong

    Listing agent Justin Wong License #CalDRE #01974254

    Listing office SVN | Pacific Commercial Advisors

    Listing date Nov 21, 2025

    Source Svn

    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

    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.
    • Gated community with shared courtyard, providing security and communal space.
    • On‑site parking and coin laundry facilities for tenant convenience.
    • Separately metered units.

    Overview

    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.

    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 (±1% cap)
    NOI $112,421 @ 7.0% cap · market cap 5.00%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.15M
    $1.88M – $2.51M (±1% cap)
    NOI $150,653 @ 7.0% cap · market cap 6.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.221
    Latitude
    37.7893

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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 $2,250,000.
    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.
    (510) 917-2022
    We can help!
    Listing Contact
    Justin Wong
    Justin Wong
    Real Estate License ID: CalDRE #01974254
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    3057 - 3063 Blossom St, Oakland, CA 94601
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