4-Unit Residential Property with
New
For Sale
$1,399,000
389 Euclid Ave, Oakland, CA 94610
A three-bedroom residence, three additional units, and basement storage and laundry offer a varied four-unit configuration.
Property Size3,560 SF
Days on Market2
Property Features for 389 Euclid Ave
General Information
Standard status
Active
Size
3,560 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Amenities
laundry facilities
Building Details
Building Size
3,560 SF
Year Built
1917
Stories
3
Units
4
Listed By:
Errol Vincent
(888) 826-3774
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:36PM
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 Errol Vincent
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Investment Insights
Based on property information with market context.
This 1917 residential property at 389 and 387 Euclid Avenue contains four units. The residence at 389 Euclid Avenue has three bedrooms and two bathrooms, with basement storage and laundry facilities. The other three units are at 387 Euclid Avenue and include a one-bedroom, one-bath penthouse. Basement access for those units is also described as a possibility.
The property is in Oakland’s Adams Point neighborhood, minutes from Downtown Oakland, Lake Merritt, major freeways, and public transportation. Its Walk Score is 84, its Bike Score is 73, and its Transit Score is 60.
The rear yard is identified as a possible location for an accessory dwelling unit, and additional off-street parking is another option noted for the property.
The property is in Oakland’s Adams Point neighborhood, minutes from Downtown Oakland, Lake Merritt, major freeways, and public transportation. Its Walk Score is 84, its Bike Score is 73, and its Transit Score is 60.
The rear yard is identified as a possible location for an accessory dwelling unit, and additional off-street parking is another option noted for the property.
Key Highlights
- Four units across 389 and 387 Euclid Avenue
- Three‑bedroom, two‑bath residence at 389 Euclid Avenue
- Three additional units include a one‑bedroom, one‑bath penthouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,587
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,631,740
$1.6M
Cap Rate 7%
$1,165,529
$1.2M
Cap Rate 9%
$906,522
$906.5K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$121.8K $34.20/SF
− Vacancy
−$5.2K −$1.46/SF
EGI
$116.6K $32.74/SF
− OpEx
−$35.0K −$9.82/SF
NOI
$81.6K $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%
$1,631,740
Cap Rate 7%
$1,165,529
Cap Rate 9%
$906,522
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,587 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$1.07M
$939.6K – $1.25M
NOI $75,170 @ 7.0% cap · market cap 5.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,834
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - A three-bedroom residence, three additional units, and basement storage and laundry offer a varied four-unit configuration.
Where is this quadplex located?
The property is located at 389 Euclid Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four units across 389 and 387 Euclid Avenue; Three‑bedroom, two‑bath residence at 389 Euclid Avenue; Three additional units include a one‑bedroom, one‑bath penthouse
