Oakland Multifamily Property with
3820 Broadway Oakland, CA 94611
3820 Broadway, Oakland, CA, 94611
$1,350,000
For Sale
$1,350,000
Four-unit apartment building with live/work space in vibrant Piedmont Avenue.
Property Size5,043 SF
Price / SF$267.70
Days on Market402
Property Features for 3820 Broadway
General Information
- Standard status
- Active
- Size
- 5,043 SF
Building Details
- Year Built
- 1926
Listing Agency
COLLIERS INTERNATIONAL
Listed by
RYAN RODRIGUEZ
Source
Corcoran
Added: Jun 14, 2025 Checked: Mar 16 at 9:09 am
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 COLLIERS INTERNATIONAL
Investment Insights
Based on property information with market context.
Located in Oakland's desirable Piedmont Avenue neighborhood, 3820 Broadway is a four-unit apartment building with an additional 1,600 square feet of live/work space. Constructed in 1926 and completely renovated in 2019, the property is situated north of Lake Merritt, offering convenient access to downtown Oakland/Uptown, Piedmont Avenue, and Telegraph Avenue. Residents can enjoy a variety of dining and shopping options, as well as cultural institutions such as the Oakland Museum of California, Fox Theatre, and Paramount Theatre. The building is less than a five-minute walk from Kaiser Permanente Hospital, providing easy commuting for healthcare employees. The unit mix consists of 1-bedroom/1-bathroom units, with spacious layouts averaging 750 square feet. This property presents an opportunity for an owner-user or investor, with potential for significant upside.
Key Highlights
- Prime location in the highly desirable Piedmont Avenue neighborhood, near Lake Merritt.
- Significant upside potential of over 30% for investors.
- Completely renovated in 2019, offering modern living spaces.
Local Financial Insights For Multifamily LT 5
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 | $139.2k | $27.60 |
| − Vacancy | −$6.3k | −$1.24 |
| EGI | $132.9k | $26.36 |
| − OpEx | −$39.9k | −$7.91 |
| NOI | $93.0k | $18.45 |
5,043 SF · lease $27.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $93,046 @ 7.0% cap · market cap 6.89%
Second Best
Mixed Use
$1.24M
$1.09M – $1.45M
NOI $86,992 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,708 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Homewatch CareGivers of Oakland
Home Health Care Service
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit apartment building with live/work space in vibrant Piedmont Avenue.
Where is this quadplex located?
The property is located at 3820 Broadway Oakland, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime location in the highly desirable Piedmont Avenue neighborhood, near Lake Merritt.; Significant upside potential of over 30% for investors.; Completely renovated in 2019, offering modern living spaces.
