Multifamily
For Sale
$398,888
423 7Th St, Oakland, CA 94607
Multifamily property constructed in 2008.
Property Size1,106 SF
Price / SF$360.66
Days on Market57
Property Features for 423 7Th St
General Information
Standard status
Active
Size
1,106 SF
Property subtype
Multi Family
Building Details
Year Built
2008
Listing Agency:
BQ Group
(408) 800-5988
Listed By:
Vicki Lu · License #02158259
(510) 586-8651
Source:
Exitrealty
Added: Aug 24
Changed: Sep 2
Last Checked: Sep 15 at 4:13AM
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 BQ Group
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Investment Insights
Based on property information with market context.
This multifamily property at 423 7th St in Oakland, California, was constructed in 2008. The recorded property size is 1,106.
Key Highlights
- Multifamily property at 423 7th St, Oakland, CA 94607
- Constructed in 2008
- Recorded property size of 1,106
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,353
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,060
$467.1K
Cap Rate 7%
$333,614
$333.6K
Cap Rate 9%
$259,478
$259.5K
Market Conditions
NOI Build-Up for 1,106 SF
Gross rent
$44.5K $40.20/SF
− Vacancy
−$2.0K −$1.81/SF
EGI
$42.5K $38.39/SF
− OpEx
−$19.1K −$17.28/SF
NOI
$23.4K $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 Rate 5%
$467,060
Cap Rate 7%
$333,614
Cap Rate 9%
$259,478
Alternative Uses
Best Use
Apartment 5plus
$333.6K
$291.9K – $389.2K
NOI $23,353 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$362.1K
$316.8K – $422.5K
NOI $25,347 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,618
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
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?
Multifamily property - Multifamily property constructed in 2008.
Where is this multifamily property located?
The property is located at 423 7Th St Oakland, CA.
What is the asking price?
The asking price for this property is $398,888.
What are key features of this property?
This property features: Multifamily property at 423 7th St, Oakland, CA 94607; Constructed in 2008; Recorded property size of 1,106
