Rockridge Multifamily Investment
5412 Claremont Ave Oakland, CA 94618
For Sale
$9,874,000
33-unit multifamily property in Oakland's Rockridge neighborhood.
Property Size16,830 SF
Price / SF$586.69
Days on Market97
Property Features for 5412 Claremont Ave
General Information
Standard status
Active
Size
16,830 SF
Property subtype
Investment
Building Details
Year Built
1963
Listing Agency:
Infinity Investments
(408) 509-0700
Listed By:
Steven Peterson · License #01746140
(408) 509-0700
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 10:56AM
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 Infinity Investments
Investment Insights
Based on property information with market context.
Located in Oakland’s Rockridge neighborhood, this multifamily property presents an investment opportunity. The property, built in 1963, features 33 one-bedroom, one-bathroom units. Each unit includes a private bath and kitchen, and some have balconies. The building has 16,830 rentable square feet and is a three-story structure with a concrete perimeter foundation, wood exterior walls, and a composition shingle roof. On-site laundry facilities are available. Approximately 80% of the units have been renovated. Each unit is equipped with separate gas and electric meters. The property is positioned across from the Rockridge BART station, providing access to employment centers and San Francisco’s Financial District in 22 minutes, as well as highway connectivity via Route 24. The property has a bike score of 86, a walk score of 93, and a transit score of 65.
Key Highlights
- Premier Rockridge location directly across from Rockridge BART station, offering unmatched connectivity.
- Substantial rental upside (30%) in the hot Oakland market.
- Large, spacious one‑bedroom/one‑bathroom units (33 total) with private baths and kitchens.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $676.6k | $40.20 |
| − Vacancy | −$30.4k | −$1.81 |
| EGI | $646.1k | $38.39 |
| − OpEx | −$290.8k | −$17.28 |
| NOI | $355.4k | $21.12 |
16,830 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.08M
$4.44M – $5.92M
NOI $355,366 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.51M
$4.82M – $6.43M
NOI $385,706 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - 33-unit multifamily property in Oakland's Rockridge neighborhood.
Where is this apartment building located?
The property is located at 5412 Claremont Ave Oakland, CA.
What is the asking price?
The asking price for this property is $9,874,000.
What are key features of this property?
This property features: Premier Rockridge location directly across from Rockridge BART station, offering unmatched connectivity.; Substantial rental upside (30%) in the hot Oakland market.; Large, spacious one‑bedroom/one‑bathroom units (33 total) with private baths and kitchens.
