Multifamily Property
For Sale
$8,935,000
4230 San Pablo Dam Road, El Sobrante, CA 94803
Multifamily portfolio spanning Oakland and El Sobrante in the East Bay.
Property Size29,098 SF
Price / SF$307.07
Days on Market42
Property Features for 4230 San Pablo Dam Road
General Information
Standard status
Active
Size
29,098 SF
Property subtype
Multi-Family
Building Details
Year Built
1966
Buildings
5
Listing Agency:
Touchstone Commercial Partners Inc
(415) 275-0229
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Jul 19
Changed: Aug 28
Last Checked: Aug 28 at 8:43PM
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 Touchstone Commercial Partners Inc
Investment Insights
Based on property information with market context.
This multifamily portfolio includes properties located in Oakland and El Sobrante, California. The offering represents approximately 29,098 square feet of multifamily real estate distributed across the two East Bay communities.
The Oakland addresses include 14 Whitmore Place, 5527 Shattuck Avenue, 5601 Shattuck Avenue, 1932 6th Avenue, and 484 37th Street. The El Sobrante property is located at 4230 San Pablo Dam Road. The portfolio provides a geographically diversified presence within established East Bay residential markets.
The Oakland addresses include 14 Whitmore Place, 5527 Shattuck Avenue, 5601 Shattuck Avenue, 1932 6th Avenue, and 484 37th Street. The El Sobrante property is located at 4230 San Pablo Dam Road. The portfolio provides a geographically diversified presence within established East Bay residential markets.
Key Highlights
- 29,098 square feet of multifamily property
- Portfolio includes properties in Oakland and El Sobrante
- Oakland assets include Whitmore Place, Shattuck Avenue, 6th Avenue, and 37th Street addresses
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
$462,556
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
5.18%
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%
$9,251,120
$9.3M
Cap Rate 7%
$6,607,943
$6.6M
Cap Rate 9%
$5,139,511
$5.1M
Market Conditions
NOI Build-Up for 29,098 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
$883.4K $30.36/SF
− Vacancy
−$42.4K −$1.46/SF
EGI
$841.0K $28.90/SF
− OpEx
−$378.5K −$13.01/SF
NOI
$462.6K $15.90/SF
Area
Contra Costa County, CA
Vacancy
4.80%
Lease Rate
$30.36 /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%
$9,251,120
Cap Rate 7%
$6,607,943
Cap Rate 9%
$5,139,511
Alternative Uses
Best Use
Apartment 5plus
$6.61M
$5.78M – $7.71M
NOI $462,556 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.00M
$9.62M – $12.83M
NOI $769,933 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 94803, CA
26,457
Population
10,038
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
91%
High-School Grad
12.8 sq mi
ZIP Area
2,067
Density / Sq Mi
$116,075
Median Household Income
$54,595
Median Earnings
$2,295
Median Rent
$729,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily portfolio spanning Oakland and El Sobrante in the East Bay.
Where is this multifamily property located?
The property is located at 4230 San Pablo Dam Road El Sobrante, CA.
What is the asking price?
The asking price for this property is $8,935,000.
What are key features of this property?
This property features: 29,098 square feet of multifamily property; Portfolio includes properties in Oakland and El Sobrante; Oakland assets include Whitmore Place, Shattuck Avenue, 6th Avenue, and 37th Street addresses
