18-Unit Mixed-Use
New
For Sale
$3,525,000
3128 Fruitvale Ave, Oakland, CA 94602
Three buildings combine apartment residences with ground-level commercial storefronts and on-site surface parking.
Property SizeContact for details
Lot Size0.46 Acres
Days on Market4
Property Features for 3128 Fruitvale Ave
General Information
Standard status
Active
Total Parking Spaces
14
Lot size
0.46 Acres
Property subtype
Investment
Financials
Asking Price
$3,525,000
Cap Rate
6.02%
Gross Rent Multiplier
10.13
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
7 x 1BR/1BA, 7 x 2BR/1BA
Multifamily Units
14
Building Details
Year Built
1950
Buildings
3
Units
18
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Willem Bos · License #02013980
(916) 698-9954
Source:
Elliman
Added: Sep 29
Last Checked: Oct 1 at 11:53AM
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
Investment Insights
Based on property information with market context.
This Oakland mixed-use property comprises three buildings on a 20,000-square-foot lot, with 14 apartments, four commercial storefronts and 14 surface parking spaces. The residential mix includes seven one-bedroom, one-bathroom apartments and seven two-bedroom, one-bathroom apartments. Built in 1950, the property has undergone unit renovations and building-system work, including six fully remodeled apartments, copper plumbing, a heat pump water heater, sewer lateral, main electrical panels, roof and parking lot. The property is Soft Story and SB 721 compliant.
The site is in Oakland’s Dimond District, 0.2 miles from Farmer Joe’s, with access to I-580 and Fruitvale BART. Walk Score is 76, Bike Score is 67 and Transit Score is 56. Reported financial metrics are a 6.02% current cap rate and 10.13 GRM, with market-rent figures of 10.36% and 6.69 GRM.
The site is in Oakland’s Dimond District, 0.2 miles from Farmer Joe’s, with access to I-580 and Fruitvale BART. Walk Score is 76, Bike Score is 67 and Transit Score is 56. Reported financial metrics are a 6.02% current cap rate and 10.13 GRM, with market-rent figures of 10.36% and 6.69 GRM.
Key Highlights
- 18 units across three buildings: 14 apartments and 4 commercial storefronts
- 20,000 SF lot with 14 surface parking spaces
- Apartment mix: seven 1BR/1BA units and seven 2BR/1BA units
Property Analytics
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings combine apartment residences with ground-level commercial storefronts and on-site surface parking.
Where is this mixed-use property located?
The property is located at 3128 Fruitvale Ave Oakland, CA.
What is the asking price?
The asking price for this property is $3,525,000.
What are key features of this property?
This property features: 18 units across three buildings: 14 apartments and 4 commercial storefronts; 20,000 SF lot with 14 surface parking spaces; Apartment mix: seven 1BR/1BA units and seven 2BR/1BA units
