Mixed-Use Building with Ground-Floor
4020 Broadway, Oakland, CA 94611
For Sale
New
$2,450,000
Four-story housing and storefront space sit near MacArthur BART and Oakland’s Piedmont Avenue and Temescal retail corridors.
Property Size7,003 SF
Price / SF$349.85
Days on Market2
Property Features for 4020 Broadway
General Information
Standard status
Size
Net Rentable
Property subtype
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Corner Location
Road Access
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listed By:
Andrew McGuinness · License CA #02078760
(415) 994-7195
Source:
Alphare
Added: Nov 14
Last Checked: Nov 14 at 2:20PM
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 Andrew McGuinness
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Investment Insights
Based on property information with market context.
This 1922, four-story mixed-use property contains nine apartments and ground-floor retail, with approximately 7,003 rentable square feet overall. The apartment mix includes one studio, five one-bedroom units, and three two-bedroom units; the retail space measures 828 square feet. Three apartments have been renovated with updated kitchens, bathrooms, flooring, and lighting. The other six retain features including bay and wood-frame windows, built-in closet shelving, and operable window sashes. The property is seismically compliant, with no soft-story retrofit mandate or outstanding SB 721 balcony inspection requirements.
At Broadway and 40th Street, the building is positioned between the Piedmont Avenue and Telegraph Avenue retail districts. MacArthur BART is a 10-minute walk away, with service to Downtown Oakland and Downtown San Francisco. The source also reports travel times of four minutes to Downtown Oakland and 16 minutes to Downtown San Francisco.
At Broadway and 40th Street, the building is positioned between the Piedmont Avenue and Telegraph Avenue retail districts. MacArthur BART is a 10-minute walk away, with service to Downtown Oakland and Downtown San Francisco. The source also reports travel times of four minutes to Downtown Oakland and 16 minutes to Downtown San Francisco.
Key Highlights
- Nine apartments: one studio, five one‑bedroom units, and three two‑bedroom units
- Approximately 7,003 rentable square feet, including 828 square feet of ground‑floor retail
- Three apartments renovated, including Units 101, 102, and 301
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,802
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,416,040
$2.4M
Cap Rate 7%
$1,725,743
$1.7M
Cap Rate 9%
$1,342,244
$1.3M
Market Conditions
NOI Build-Up for 7,003 SF
Gross rent
$210.1K $30.00/SF
− Vacancy
−$16.8K −$2.40/SF
EGI
$193.3K $27.60/SF
− OpEx
−$72.5K −$10.35/SF
NOI
$120.8K $17.25/SF
Area
ZIP 94611
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,416,040
Cap Rate 7%
$1,725,743
Cap Rate 9%
$1,342,244
Alternative Uses
Best Use
Mixed Use
$1.73M
$1.51M – $2.01M
NOI $120,802 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$1.71M
$1.49M – $1.99M
NOI $119,552 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,504 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,867
Businesses Nearby
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Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Oakland, CA
Properties on Market for Mixed-use properties in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story housing and storefront space sit near MacArthur BART and Oakland’s Piedmont Avenue and Temescal retail corridors.
Where is this mixed-use property located?
The property is located at 4020 Broadway Oakland, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Nine apartments: one studio, five one‑bedroom units, and three two‑bedroom units; Approximately 7,003 rentable square feet, including 828 square feet of ground‑floor retail; Three apartments renovated, including Units 101, 102, and 301
