Mixed-Use Property with
For Sale
Contact for pricing
3732-3744 Grand Ave, Oakland, CA 94610
Fifteen-unit asset combining apartments with ground-floor commercial suites along Grand Avenue.
Property Size12,920 SF
Price / SF$201.24
Days on Market57
Property Features for 3732-3744 Grand Ave
General Information
Standard status
Active
Size
12,920 SF
Class
C
Total Parking Spaces
26
Property subtype
Mixed Use
Zoning
CN-3, S-13
Occupancy
86%
Investment Type
Value Add
Net Operating Income
$140,140
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$2,600,000
Multifamily Units
9
Building Details
Year Built
1952
Buildings
1
Stories
2
Units
15
Tenancy
Multi
Listing Agency:
MKD Group
Listed By:
Marco Barretto · License #CA 02078316
(415) 272-0059
Source:
Crexi
Added: Aug 23
Changed: Oct 5
Last Checked: Oct 16 at 7:33AM
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 MKD Group
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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 15 units, including 9 residential apartments and 6 ground-floor commercial storefronts. The building was constructed in 1952 and totals 12,920 square feet. Three units are currently vacant: two residential apartments and one commercial space, providing defined lease-up scope within the existing configuration. Zoning is CN-3, S-13.
The property is located at 3732–3744 Grand Ave in Oakland’s Grand Lake District, along an established neighborhood retail corridor. Lake Merritt, the Grand Lake Theatre, the Saturday farmers’ market, and Lakeshore Avenue shopping and dining are nearby. Regional access is available via I-580, Highway 24, AC Transit, and nearby BART.
The property is located at 3732–3744 Grand Ave in Oakland’s Grand Lake District, along an established neighborhood retail corridor. Lake Merritt, the Grand Lake Theatre, the Saturday farmers’ market, and Lakeshore Avenue shopping and dining are nearby. Regional access is available via I-580, Highway 24, AC Transit, and nearby BART.
Key Highlights
- 15‑unit mixed‑use property with 9 apartments and 6 ground‑floor commercial storefronts
- 12,920‑square‑foot building constructed in 1952
- Three vacant units: two residential and one commercial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,126
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,922,520
$3.9M
Cap Rate 7%
$2,801,800
$2.8M
Cap Rate 9%
$2,179,178
$2.2M
Market Conditions
NOI Build-Up for 12,920 SF
Gross rent
$356.6K $27.60/SF
− Vacancy
−$42.8K −$3.31/SF
EGI
$313.8K $24.29/SF
− OpEx
−$117.7K −$9.11/SF
NOI
$196.1K $15.18/SF
Area
Oakland, CA
Vacancy
12.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,922,520
Cap Rate 7%
$2,801,800
Cap Rate 9%
$2,179,178
Alternative Uses
Best Use
Apartment 5plus
$3.90M
$3.41M – $4.55M
NOI $272,806 @ 7.0% cap · market cap 10.49%
Second Best
Retail
$3.58M
$3.13M – $4.18M
NOI $250,509 @ 7.0% cap · market cap 9.63%
Theoretical Best
Multifamily LT 5
$4.23M
$3.70M – $4.93M
NOI $296,097 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,519
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fifteen-unit asset combining apartments with ground-floor commercial suites along Grand Avenue.
Where is this mixed-use property located?
The property is located at 3732-3744 Grand Ave Oakland, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 15‑unit mixed‑use property with 9 apartments and 6 ground‑floor commercial storefronts; 12,920‑square‑foot building constructed in 1952; Three vacant units: two residential and one commercial
