Oakland Avenue Multifamily Investment
360 Oakland Ave Oakland, CA 94611
For Sale
$1,195,000
Six-unit multifamily property near Lake Merritt and Downtown Oakland.
Property Size3,654 SF
Price / SF$327.04
Days on Market289
Property Features for 360 Oakland Ave
General Information
- Standard status
- Active
- Size
- 3,654 SF
- Property subtype
- Commercial
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: Jul 6
Last Checked: Jul 23 at 8:06AM
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
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 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 | $118.4k | $32.40 |
| − Vacancy | −$5.0k | −$1.36 |
| EGI | $113.4k | $31.04 |
| − OpEx | −$51.0k | −$13.97 |
| NOI | $62.4k | $17.07 |
3,654 SF · lease $32.40/SF/yr · vacancy 4.20% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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
