Oakland Multifamily Investment
3104 14th Avenue, Oakland, CA 94602
29-unit apartment building near Highland Hospital with upside potential.
Type:5+ Units
Property size:
28,244 SFPrice / SF:
$235/SF- Added:
- Mar 10, 2026
- Days on Market:
- 86
- Last Refresh:
- Mar 17 at 1:15 am
Property Features for 3104 14th Avenue
General Information
- Standard status
- Active
- Size
- 28,244 SF
- Property subtype
- 5+ Units
Building Details
- Year Built
- 1949
Listing agent Steven Peterson License #01746140 (510) 879-7542
Listing office INFINITY INVESTMENTS (510) 879-7542
Listing date Mar 10, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of INFINITY INVESTMENTS
HighLights
- 20% upside in current rents allows for increased returns and leveraged investment.
- 29 large apartments with a desirable unit mix: 2 Studios, 23 one‑bedroom units, and 4 two‑bedroom units.
- 80% of units have been renovated.
- All units have separate gas, electric meters, and individual hot water heaters, minimizing owner's expenses.
- On‑site laundry provides additional income.
- Convenient location across from Highland Hospital and near the 580 freeway ramp.
Overview
Located at 3104-3112 & 3130 14th Ave in Oakland, California, this two-story apartment building offers a multifamily investment opportunity. Constructed in 1949, the property features a concrete perimeter foundation, wood exterior walls, and a composition shingle roof. The building comprises 29 apartments within 32,382 rentable square feet. The unit mix includes 2 studios, 23 one-bedroom units, and 4 two-bedroom units. On-site amenities include laundry facilities. 80% of the units have been renovated. Each unit is equipped with separate gas and electric meters, as well as individual hot water heaters. Parking is provided by 7 attached garages and 8 covered spaces. The property consists of two separate parcels, one with 8 units and the other with 21 units. The building is situated across the street from the Highland Hospital complex and approximately two blocks from the westbound ramp to 580. A Quik Stop gas and convenience store is nearby. There is a potential for a 20% increase in current rents.
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 | $1.14M | $40.20 |
| − Vacancy | −$51.1k | −$1.81 |
| EGI | $1.08M | $38.39 |
| − OpEx | −$487.9k | −$17.28 |
| NOI | $596.4k | $21.12 |
28,244 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$8.52M
$7.45M – $9.94M
NOI $596,373 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$9.25M
$8.09M – $10.79M
NOI $647,289 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.228879
- Latitude
- 37.7989776
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 29-unit apartment building near Highland Hospital with upside potential.
Where is this apartment building located?
The property is located at 3104 14th Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $6,650,000.
What are key features of this property?
This property features: 20% upside in current rents allows for increased returns and leveraged investment.; 29 large apartments with a desirable unit mix: 2 Studios, 23 one‑bedroom units, and 4 two‑bedroom units.; 80% of units have been renovated.
