Mixed-Use Property with
3617 San Leandro St, Oakland, CA 94601
For Sale
$595,000
Income-producing building combines residential units, retail space, and a separately metered warehouse near Oakland destinations and transit.
Property Size3,187 SF
Lot Size0.13 Acres
Price / SF$186.70
Days on Market683
Property Features for 3617 San Leandro St
General Information
Standard status
Size
Lot size
Property subtype
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Warehouse Space
Building Details
Year Built
Listing Agency:
The Pinza Group, Inc
(510) 725-4775
Listed By:
David Howarth · License CA #01360348
(510) 822-1331
Source:
Exprealty
Added: Jan 1, 2025
Changed: Oct 25
Last Checked: Nov 12 at 8:49AM
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 The Pinza Group, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 3,187 square feet of rental space on a 5,500-square-foot lot. The configuration includes a two-bedroom, one-bathroom residence, a studio, a retail unit, and a 2,000-square-foot warehouse. The building dates to 1933 and has separate PG&E metering. At closing, the retail, warehouse, and studio components are scheduled to be vacant, while the two-bedroom unit remains part of the existing mix.
The property is located on San Leandro Street near Downtown Oakland, Lake Merritt, BART, Fruitvale Public Market, restaurants, and shopping. Highway 880 provides regional access. Current reported performance includes an 8.93% cap rate and an 8.3 GRM.
The property is located on San Leandro Street near Downtown Oakland, Lake Merritt, BART, Fruitvale Public Market, restaurants, and shopping. Highway 880 provides regional access. Current reported performance includes an 8.93% cap rate and an 8.3 GRM.
Key Highlights
- Approximately 3,187 SF of rental space on a 5,500‑square‑foot lot
- Unit mix includes one 2bd/1bth unit, one studio, one retail unit, and a 2,000‑square‑foot warehouse
- Retail unit, warehouse, and studio delivered vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,002
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,040
$1.0M
Cap Rate 7%
$742,886
$742.9K
Cap Rate 9%
$577,800
$577.8K
Market Conditions
NOI Build-Up for 3,187 SF
Gross rent
$80.3K $25.20/SF
− Vacancy
−$6.0K −$1.89/SF
EGI
$74.3K $23.31/SF
− OpEx
−$22.3K −$6.99/SF
NOI
$52.0K $16.32/SF
Area
ZIP 94601
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,040
Cap Rate 7%
$742,886
Cap Rate 9%
$577,800
Alternative Uses
Best Use
Apartment 5plus
$969.4K
$848.2K – $1.13M
NOI $67,857 @ 7.0% cap · market cap 11.40%
Second Best
Mixed Use
$785.4K
$687.2K – $916.3K
NOI $54,976 @ 7.0% cap · market cap 9.24%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,934 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,399
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
$703,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Oakland, CA
Properties on Market for Mixed-use properties in Oakland
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing building combines residential units, retail space, and a separately metered warehouse near Oakland destinations and transit.
Where is this mixed-use property located?
The property is located at 3617 San Leandro St Oakland, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 3,187 SF of rental space on a 5,500‑square‑foot lot; Unit mix includes one 2bd/1bth unit, one studio, one retail unit, and a 2,000‑square‑foot warehouse; Retail unit, warehouse, and studio delivered vacant at closing
