Four-Unit Property with
New
For Sale
$1,195,000
365 Santa Clara Avenue, Oakland, CA 94610
Historic building retains original oak floors, built-in cabinetry, and period millwork across a varied unit mix.
Property Size4,228 SF
Lot Size0.15 Acres
Price / SF$282.64
Days on Market6
Property Features for 365 Santa Clara Avenue
General Information
Standard status
Active
Size
4,228 SF
Total Parking Spaces
4
Lot size
0.15 Acres
Property subtype
Quadruplex
Units
Unit Mix
1 x 2BD/1BA, 3 x 1BD/1BA
Multifamily Units
4
Amenities
shared laundry
deep rear garden
covered deck
Building Details
Building Size
4,228 SF
Year Built
1910
Buildings
1
Listing Agency:
Compass
Listed By:
Marco Barretto · License #02078316
(415) 272-0059
Source:
Bonniespindler
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 15 at 8:31AM
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.
Built in 1910, this four-unit property contains one two-bedroom, one-bath unit and three oversized one-bedroom, one-bath units. The 4,228-square-foot building features original oak flooring, built-in cabinetry, and period millwork. Each unit has its own garage, while shared laundry serves the property. A deep rear garden and covered deck add outdoor common-area features to the 6,500-square-foot lot.
The property is located at 365 Santa Clara Avenue in Oakland’s Adams Point area. Its combination of four distinct units, individual garages, period details, shared laundry, and outdoor space defines the existing configuration.
The property is located at 365 Santa Clara Avenue in Oakland’s Adams Point area. Its combination of four distinct units, individual garages, period details, shared laundry, and outdoor space defines the existing configuration.
Key Highlights
- Four‑unit property built in 1910
- Unit mix includes one 2BD/1BA and three oversized 1BD/1BA units
- 4,228 SF building on a 6,500 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,896
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,937,920
$1.9M
Cap Rate 7%
$1,384,229
$1.4M
Cap Rate 9%
$1,076,622
$1.1M
Market Conditions
NOI Build-Up for 4,228 SF
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.
Gross rent
$144.6K $34.20/SF
− Vacancy
−$6.2K −$1.46/SF
EGI
$138.4K $32.74/SF
− OpEx
−$41.5K −$9.82/SF
NOI
$96.9K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,937,920
Cap Rate 7%
$1,384,229
Cap Rate 9%
$1,076,622
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,896 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,274 @ 7.0% cap · market cap 7.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,654
Businesses Nearby
Explore this area
Business Placement
Demographics for 94610, CA
31,261
Population
17,926
Households
1.7
Avg Household Size
39
Median Age
73%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
14,886
Density / Sq Mi
$130,435
Median Household Income
$90,577
Median Earnings
$2,184
Median Rent
$1,324,500
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Historic building retains original oak floors, built-in cabinetry, and period millwork across a varied unit mix.
Where is this quadplex located?
The property is located at 365 Santa Clara Avenue 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: Four‑unit property built in 1910; Unit mix includes one 2BD/1BA and three oversized 1BD/1BA units; 4,228 SF building on a 6,500 SF lot
