Multifamily Residential Income
390 Euclid Ave Oakland, CA 94610
390 Euclid Ave, Oakland, CA, 94610
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For Sale
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For-sale multifamily property in Oakland’s Adams Point near Lake Merritt and major transit options.
Property Size6,865 SF
Price / SF$284.05
Days on Market21
Property Features for 390 Euclid Ave
General Information
- Standard status
- Active
- Size
- 6,865 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing agency
Maven Commercial, Inc
Listed by
Megan Buckley · License #CA 02430101
Source
Crexi
Added: Jul 2 Updated: Jul 21 at 3:38AM Checked: Jul 21 at 3:38AM
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 Maven Commercial, Inc
Investment Insights
Based on property information with market context.
Located at 390 Euclid Avenue in Oakland, this for-sale multifamily residential income property offers an urban-and-neighborhood balance in the Adams Point area.
The setting is described as a serene, tree-lined street with a community feel, with access to Lake Merritt and nearby parks and walking trails. The property is positioned minutes from downtown Oakland and Grand Avenue, with easy reach to dining, shopping, entertainment, and the Saturday Farmers Market.
Convenient commuting is highlighted by proximity to BART and AC Transit, along with quick freeway access. The offering is presented as suitable for buyers ranging from first-time purchases to investment plans.
The setting is described as a serene, tree-lined street with a community feel, with access to Lake Merritt and nearby parks and walking trails. The property is positioned minutes from downtown Oakland and Grand Avenue, with easy reach to dining, shopping, entertainment, and the Saturday Farmers Market.
Convenient commuting is highlighted by proximity to BART and AC Transit, along with quick freeway access. The offering is presented as suitable for buyers ranging from first-time purchases to investment plans.
Key Highlights
- Multifamily property at 390 Euclid Avenue in Oakland’s Adams Point
- Built in 1910
- Located just moments from Lake Merritt
Local Financial Insights For Apartment 5plus
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 | $276.0k | $40.20 |
| − Vacancy | −$12.4k | −$1.81 |
| EGI | $263.6k | $38.39 |
| − OpEx | −$118.6k | −$17.28 |
| NOI | $145.0k | $21.12 |
6,865 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.07M
$1.81M – $2.42M
NOI $144,955 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.25M
$1.97M – $2.62M
NOI $157,330 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - For-sale multifamily property in Oakland’s Adams Point near Lake Merritt and major transit options.
Where is this multifamily property located?
The property is located at 390 Euclid Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Multifamily property at 390 Euclid Avenue in Oakland’s Adams Point; Built in 1910; Located just moments from Lake Merritt
