Building Details

Year Built 1966

Buildings 5

Listing Agency: Colliers International

Listed By: Readdress Show Phone

Source: Readdress

Added: Jul 19 Changed: Oct 13 Last Checked: Oct 12 at 7:20PM

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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 Colliers International

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.

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 / Yr

$462,556

Cap Rate

5.18%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $769,933 @ 7.0% cap · market cap 8.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Grocery & Convenience Store Cafe & Coffee Shop Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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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