Five-Unit Apartment
For Sale
$1,199,000
3520 Custer Street, Oakland, CA 94601
Multifamily property with renovated units, shared laundry, backyard, storage, and driveway parking.
Property Size3,906 SF
Price / SF$306.96
Days on Market57
Property Features for 3520 Custer Street
General Information
Standard status
Active
Size
3,906 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
cosmetic upgrades
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
5
Additional Details
Asking Price
$1,199,000
Public Transit
Yes
Amenities
shared laundry
shared backyard
newly built storage space
driveway parking
Building Details
Year Built
1966
Listing Agency:
Kinetic Real Estate
Listed By:
Nai Chao · License #02144974
(510) 736-6699
Source:
Exitrealty
Added: Aug 22
Changed: Oct 10
Last Checked: Oct 14 at 10:32PM
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 Kinetic Real Estate
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Investment Insights
Based on property information with market context.
This 3,906-square-foot apartment property in Oakland was built in 1966 and comprises five residential units. The configuration includes a 1,500-square-foot three-bedroom, two-bath unit with cosmetic upgrade needs, three additional units, and a one-bedroom, one-bath bonus unit converted from the garage. The other units include two two-bedroom, one-bath layouts and one one-bedroom, one-bath layout.
Property features include shared laundry, a shared backyard, newly built storage, and driveway parking with a carport. Four parking spaces are provided. Central air and window/wall unit cooling are listed among the interior features. An option is available for delivery vacant. The property is located near shopping, dining, public transportation, and major commuter routes.
Property features include shared laundry, a shared backyard, newly built storage, and driveway parking with a carport. Four parking spaces are provided. Central air and window/wall unit cooling are listed among the interior features. An option is available for delivery vacant. The property is located near shopping, dining, public transportation, and major commuter routes.
Key Highlights
- Five residential units, including a garage‑converted 1BR/1BA bonus unit
- 3,906 SF apartment property built in 1966
- Unit mix includes 3BR/2BA, two 2BR/1BA units, and two 1BR/1BA units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,166
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,663,320
$1.7M
Cap Rate 7%
$1,188,086
$1.2M
Cap Rate 9%
$924,067
$924.1K
Market Conditions
NOI Build-Up for 3,906 SF
Gross rent
$157.0K $40.20/SF
− Vacancy
−$5.8K −$1.49/SF
EGI
$151.2K $38.71/SF
− OpEx
−$68.0K −$17.42/SF
NOI
$83.2K $21.29/SF
Area
ZIP 94601
Vacancy
3.70%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,663,320
Cap Rate 7%
$1,188,086
Cap Rate 9%
$924,067
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,166 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,449 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with renovated units, shared laundry, backyard, storage, and driveway parking.
Where is this apartment building located?
The property is located at 3520 Custer Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Five residential units, including a garage‑converted 1BR/1BA bonus unit; 3,906 SF apartment property built in 1966; Unit mix includes 3BR/2BA, two 2BR/1BA units, and two 1BR/1BA units
