Two-Story Five-Unit Apartment
348352 Jayne Oakland, CA 94610
348352 Jayne, Oakland, CA, 94610
$699,000
For Sale
$699,000
Two-story building with four 1-bed/1-bath units, one studio, and a detached rear garage.
Property Size2,884 SF
Lot Size0.15 Acres
Price / SF$242.37
Days on Market126
Property Features for 348352 Jayne
General Information
- Standard status
- Active
- Size
- 2,884 SF
- Lot size
- 0.15 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1919
Listing agency
(415) 345-3000
Listed by
Compass
Source
Xome
Added: Mar 20 Updated: Jul 22 at 4:10PM Checked: Jul 23 at 4:20AM
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.
348-352 Jayne Avenue is a two-story, five-unit apartment building totaling approximately 2,884 square feet on a 0.15-acre lot. The unit mix includes four one-bedroom/one-bathroom units and one studio, with one unit currently vacant. On-site amenities include a detached rear garage and a basement laundry area with one washer and one dryer.
The property is located in Oakland’s Adams Point area, with easy access to Lake Merritt and nearby lifestyle amenities. The remarks also note proximity to Whole Foods, Interstate 580, and Downtown Oakland (approximately 1.5 miles away).
The configuration supports a mix of apartment layouts across the five units, and the presence of a vacant unit provides flexibility for future leasing within the building’s existing layout.
The property is located in Oakland’s Adams Point area, with easy access to Lake Merritt and nearby lifestyle amenities. The remarks also note proximity to Whole Foods, Interstate 580, and Downtown Oakland (approximately 1.5 miles away).
The configuration supports a mix of apartment layouts across the five units, and the presence of a vacant unit provides flexibility for future leasing within the building’s existing layout.
Key Highlights
- Two‑story, five‑unit multifamily building totaling approx. 2,884 SF on a 0.15‑acre lot
- Unit mix: four 1BD/1BA units and one studio unit
- Zoning: R‑70; composition/flat/shingle roof
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
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two-story building with four 1-bed/1-bath units, one studio, and a detached rear garage.
Where is this apartment building located?
The property is located at 348352 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: Two‑story, five‑unit multifamily building totaling approx. 2,884 SF on a 0.15‑acre lot; Unit mix: four 1BD/1BA units and one studio unit; Zoning: R‑70; composition/flat/shingle roof
