Multifamily Residential Income
For Sale
Contact for pricing
390 Euclid Avenue, Oakland, CA 94610
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 Market67
Property Features for 390 Euclid Avenue
General Information
Standard status
Active
Size
6,865 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
RM-1/S-12
Net Operating Income
$193,450
Building Details
Year Built
1910
Buildings
2
Stories
3
Tenancy
Multi
Listing Agency:
Maven Commercial, Inc
Listed By:
Megan Buckley · License #CA 02430101
Source:
Crexi
Added: Jul 2
Changed: Sep 6
Last Checked: Sep 5 at 9:27PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$144,955
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,899,100
$2.9M
Cap Rate 7%
$2,070,786
$2.1M
Cap Rate 9%
$1,610,611
$1.6M
Market Conditions
NOI Build-Up for 6,865 SF
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.
Gross rent
$276.0K $40.20/SF
− Vacancy
−$12.4K −$1.81/SF
EGI
$263.6K $38.39/SF
− OpEx
−$118.6K −$17.28/SF
NOI
$145.0K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,899,100
Cap Rate 7%
$2,070,786
Cap Rate 9%
$1,610,611
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 authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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 Avenue 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
