Oakland Multifamily Investment
348-352 Jayne Oakland, CA 94610
348-352 Jayne, Oakland, CA, 94610
$699,000
For Sale
$699,000
Five-unit apartment building in Adams Point neighborhood near Lake Merritt.
Property Size2,884 SF
Lot Size0.15 Acres
Price / SF$242.37
Days on Market107
Property Features for 348-352 Jayne
General Information
- Standard status
- Active
- Size
- 2,884 SF
- Lot size
- 0.15 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1919
Listing Agency
COMPASS
(415) 345-3000
Listed by
RAY RODRIGUEZ · License #01999734
Source
Corcoran
Added: Apr 4 Checked: Jul 19 at 4:34 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 COMPASS
Investment Insights
Based on property information with market context.
Located in Oakland's Adams Point neighborhood, 348-352 Jayne Avenue is a multifamily investment opportunity. The property is near Lake Merritt, offering access to outdoor recreation, dining, retail, and Interstate 580. Downtown Oakland is approximately 1.5 miles away. The two-story apartment building contains five units and totals approximately 2,884 square feet on a 0.15-acre lot. The unit mix includes four one-bedroom/one-bathroom units and one studio. One vacant unit provides immediate upside for renovation and lease at market rents. Additional income potential comes from a detached rear garage and an on-site basement laundry area with one washer and dryer. The property offers investors an opportunity for stable cash flow and long-term appreciation.
Key Highlights
- Prime location in Oakland's highly desirable Adams Point neighborhood, near Lake Merritt, Whole Foods, and Downtown Oakland.
- Immediate income upside from one vacant unit, allowing for renovation and lease at market rents.
- Multifamily investment opportunity with five units (four 1‑bed/1‑bath, one studio) appealing to a broad tenant base.
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 | $115.9k | $40.20 |
| − Vacancy | −$5.2k | −$1.81 |
| EGI | $110.7k | $38.39 |
| − OpEx | −$49.8k | −$17.28 |
| NOI | $60.9k | $21.12 |
2,884 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$869.9K
$761.2K – $1.01M
NOI $60,896 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$944.2K
$826.2K – $1.10M
NOI $66,095 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit apartment building in Adams Point neighborhood near Lake Merritt.
Where is this apartment building located?
The property is located at 348-352 Jayne Oakland, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime location in Oakland's highly desirable Adams Point neighborhood, near Lake Merritt, Whole Foods, and Downtown Oakland.; Immediate income upside from one vacant unit, allowing for renovation and lease at market rents.; Multifamily investment opportunity with five units (four 1‑bed/1‑bath, one studio) appealing to a broad tenant base.
