Multifamily Apartment
For Sale
$5,190,000
484 37th Street, Oakland, CA 94609
Part of a five-property multifamily offering spanning Oakland and El Sobrante.
Property Size10,019 SF
Price / SF$518.02
Days on Market87
Property Features for 484 37th Street
General Information
Standard status
Active
Size
10,019 SF
Property subtype
Multi-Family
Building Details
Buildings
5
Listing Agency:
Achievers Real Estate & Loans
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Jul 23
Changed: Oct 16
Last Checked: Oct 16 at 8:16AM
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 Achievers Real Estate & Loans
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property is identified at 484 37th Street in Oakland, California, and is offered within a larger multifamily portfolio. The offering combines five properties located across Oakland and El Sobrante, covering three East Bay submarkets. Other portfolio addresses include 14 Whitmore Place, 5527 Shattuck Avenue, 5601 Shattuck Avenue, 1932 6th Avenue, and 4230 San Pablo Dam Road.
Key Highlights
- Five‑property multifamily portfolio
- Portfolio spans Oakland and El Sobrante
- Properties are distributed across three East Bay submarkets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,552
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,231,040
$4.2M
Cap Rate 7%
$3,022,171
$3.0M
Cap Rate 9%
$2,350,578
$2.4M
Market Conditions
NOI Build-Up for 10,019 SF
Gross rent
$402.8K $40.20/SF
− Vacancy
−$18.1K −$1.81/SF
EGI
$384.6K $38.39/SF
− OpEx
−$173.1K −$17.28/SF
NOI
$211.6K $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%
$4,231,040
Cap Rate 7%
$3,022,171
Cap Rate 9%
$2,350,578
Alternative Uses
Best Use
Apartment 5plus
$3.02M
$2.64M – $3.53M
NOI $211,552 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.28M
$2.87M – $3.83M
NOI $229,613 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 94609, CA
23,578
Population
11,915
Households
2
Avg Household Size
36
Median Age
62%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
13,869
Density / Sq Mi
$106,698
Median Household Income
$69,221
Median Earnings
$2,116
Median Rent
$1,147,900
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?
Apartment building - Part of a five-property multifamily offering spanning Oakland and El Sobrante.
Where is this apartment building located?
The property is located at 484 37th Street Oakland, CA.
What is the asking price?
The asking price for this property is $5,190,000.
What are key features of this property?
This property features: Five‑property multifamily portfolio; Portfolio spans Oakland and El Sobrante; Properties are distributed across three East Bay submarkets
