Two-Building Apartment
For Sale
$1,050,000
5418 Telegraph Ave, Oakland, CA 94609
COMM RI MULTI-UNITS 5+, Oakland, CA
Property Size3,382 SF
Lot Size0.17 Acres
Price / SF$310.47
Days on Market152
Property Features for 5418 Telegraph Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Carport, Offsite, On Street
Interior features
Storage
Appliances
Refrigerator
Subdivision
TEMESCAL
Lot features
Level
Standard status
Active
APN
14122523
Size
3,382 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Wall Furnace
Water source
Public
Building Details
Year built
1912
Flooring type
Laminate
Building materials
Aluminum Siding, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Stephanie Christmas · License #01308253
(510) 461-4663
Added: Apr 18
Changed: Sep 16
Last Checked: Sep 16 at 4:06PM
MLS# 41131540
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This five-unit apartment property comprises two separate buildings on a 7,500 SF lot at 5418 Telegraph Ave. The front structure contains four 1-bedroom, 1-bathroom apartments, arranged with two homes on each level. The rear building includes an upper 2-bedroom, 2-bathroom unit and a lower nonconforming area with additional rooms, a bathroom, and separate storage and utility space. The property totals 3,382 square feet and was renovated in 2014.
The asset is located in Oakland’s Temescal neighborhood along Telegraph Avenue, near restaurants, cafes, and boutique retail. Building features include storage, laminate flooring, aluminum siding and stucco construction, public water and sewer, a shingle roof, and a carport with additional on-street and offsite parking. The rear building will be delivered vacant, while the property also includes a refrigerator, wall-furnace heating, and a basement.
The asset is located in Oakland’s Temescal neighborhood along Telegraph Avenue, near restaurants, cafes, and boutique retail. Building features include storage, laminate flooring, aluminum siding and stucco construction, public water and sewer, a shingle roof, and a carport with additional on-street and offsite parking. The rear building will be delivered vacant, while the property also includes a refrigerator, wall-furnace heating, and a basement.
Key Highlights
- Five‑unit property across two separate buildings
- 7,500 SF lot with 3,382 square feet of property size
- Front building contains four 1‑bedroom, 1‑bathroom units
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
$71,411
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
6.80%
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%
$1,428,220
$1.4M
Cap Rate 7%
$1,020,157
$1.0M
Cap Rate 9%
$793,456
$793.5K
Market Conditions
NOI Build-Up for 3,382 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
$136.0K $40.20/SF
− Vacancy
−$6.1K −$1.81/SF
EGI
$129.8K $38.39/SF
− OpEx
−$58.4K −$17.28/SF
NOI
$71.4K $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 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%
$1,428,220
Cap Rate 7%
$1,020,157
Cap Rate 9%
$793,456
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$892.6K – $1.19M
NOI $71,411 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.11M
$968.9K – $1.29M
NOI $77,508 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,529
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The two-building configuration includes four one-bedroom apartments and a vacant rear building.
Where is this apartment building located?
The property is located at 5418 Telegraph Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Five‑unit property across two separate buildings; 7,500 SF lot with 3,382 square feet of property size; Front building contains four 1‑bedroom, 1‑bathroom units
