Oakland Avenue Multifamily Investment
For Sale
$1,195,000
360 Oakland Ave, Oakland, CA 94611
Six-unit multifamily property near Lake Merritt and Downtown Oakland.
Property Size3,654 SF
Price / SF$327.04
Days on Market386
Property Features for 360 Oakland Ave
General Information
Standard status
Active
Size
3,654 SF
Property subtype
Commercial
Site & Location
Neighborhood
Harrison Street
Amenities
Attached Garage
Carpet - Partial Flooring
Gas Heating
Hardwood Flooring
Rolled Composition Roof
Sloped Up
Tar & Gravel Roof
Tile Flooring
Undersized
Wall Furnace Heating
Building Details
Year Built
1920
Listing Agency:
WESTERN MANAGEMENT PROPERTIES, INC
(510) 451-7197
Listed By:
MIKE BRESSO
Source:
Corcoran
Added: Oct 8, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:19AM
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 WESTERN MANAGEMENT PROPERTIES, INC
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Investment Insights
Based on property information with market context.
The property at 360 Oakland Avenue features a total of six units, comprising three one-bedroom units and three studio apartments. The building also includes four garages, presenting an opportunity for additional income, although current residents do not utilize them. The property's location offers convenient access to Lake Merritt, Downtown Oakland, and Highway 580. The building has a property size of 3,654 square feet.
Key Highlights
- Six Units: Featuring three 1‑bedroom units and three studios
- Garage Income Potential: Four garages offer additional revenue streams
- Prime Location: Conveniently located near Lake Merritt and Downtown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,379
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,580
$1.2M
Cap Rate 7%
$891,129
$891.1K
Cap Rate 9%
$693,100
$693.1K
Market Conditions
NOI Build-Up for 3,654 SF
Gross rent
$118.4K $32.40/SF
− Vacancy
−$5.0K −$1.36/SF
EGI
$113.4K $31.04/SF
− OpEx
−$51.0K −$13.97/SF
NOI
$62.4K $17.07/SF
Area
ZIP 94611
Vacancy
4.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,580
Cap Rate 7%
$891,129
Cap Rate 9%
$693,100
Alternative Uses
Best Use
Apartment 5plus
$891.1K
$779.7K – $1.04M
NOI $62,379 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,749 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,059
Businesses Nearby
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Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
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 - Six-unit multifamily property near Lake Merritt and Downtown Oakland.
Where is this apartment building located?
The property is located at 360 Oakland Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Six Units: Featuring three 1‑bedroom units and three studios; Garage Income Potential: Four garages offer additional revenue streams; Prime Location: Conveniently located near Lake Merritt and Downtown
