Remodeled Four-Unit
For Sale
$1,295,000
368 Adams St, Oakland, CA 94610
Updated interiors feature refreshed kitchens, bathrooms, flooring, tile, paint, electrical, and plumbing.
Property Size3,275 SF
Lot Size0.14 Acres
Price / SF$395.42
Days on Market64
Property Features for 368 Adams St
General Information
Standard status
Active
Size
3,275 SF
Net Rentable
3,275 SF
Lot size
0.14 Acres
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA, 1 x studio
Multifamily Units
4
Amenities
backyard
off-street parking
Building Details
Year Built
1925
Listing Agency:
The Pinza Group, Inc
Listed By:
David Howarth · License #01360348
(510) 822-1331
Source:
Bayarearealestatesearch
Added: Aug 13
Changed: Sep 26
Last Checked: Sep 26 at 4:21AM
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
Investment Insights
Based on property information with market context.
This four-unit apartment property at 368 Adams St includes three 1bd/1bth residences and one studio across approximately 3,275 square feet of rental space. Originally constructed in 1925, the building has undergone recent interior improvements, including new kitchens and bathrooms, refinished wood flooring, custom tile, new paint, and upgraded electrical and plumbing. The property is currently 100% leased and includes a large backyard with room for off-street parking.
The asset is situated in Adams Point near Lake Merritt, Grand Lake shopping, restaurants, retail, and outdoor activities. Downtown Oakland is also readily accessible. The property occupies a 6,250 square foot lot and offers a compact unit mix suited to apartment operations in an established Oakland submarket.
The asset is situated in Adams Point near Lake Merritt, Grand Lake shopping, restaurants, retail, and outdoor activities. Downtown Oakland is also readily accessible. The property occupies a 6,250 square foot lot and offers a compact unit mix suited to apartment operations in an established Oakland submarket.
Key Highlights
- Four‑unit configuration with three 1bd/1bth units and one studio
- Approximately 3,275 square feet of rental space
- 100% leased to current tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,056
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,501,120
$1.5M
Cap Rate 7%
$1,072,229
$1.1M
Cap Rate 9%
$833,956
$834.0K
Market Conditions
NOI Build-Up for 3,275 SF
Gross rent
$112.0K $34.20/SF
− Vacancy
−$4.8K −$1.46/SF
EGI
$107.2K $32.74/SF
− OpEx
−$32.2K −$9.82/SF
NOI
$75.1K $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 Rate 5%
$1,501,120
Cap Rate 7%
$1,072,229
Cap Rate 9%
$833,956
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$938.2K – $1.25M
NOI $75,056 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$987.9K
$864.4K – $1.15M
NOI $69,152 @ 7.0% cap · market cap 5.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6,506
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 - Updated interiors feature refreshed kitchens, bathrooms, flooring, tile, paint, electrical, and plumbing.
Where is this quadplex located?
The property is located at 368 Adams St Oakland, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Four‑unit configuration with three 1bd/1bth units and one studio; Approximately 3,275 square feet of rental space; 100% leased to current tenants
