Six-Unit Apartment
5476-5486 Vicente Way Oakland, CA 94609
5476-5486 Vicente Way, Oakland, CA, 94609
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For Sale
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Six separately metered apartments with off-street parking and on-site laundry servicing the front building.
Property Size6,104 SF
Lot Size0.23 Acres
Price / SF$376.80
Days on Market29
Property Features for 5476-5486 Vicente Way
General Information
- Standard status
- Active
- Size
- 6,104 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multifamily
Listing Agency
Sterling Ventures RE
(408) 778-7474
Listed by
Dominic Gluhaich · License #CA 02092371
Source
Crexi
Added: Jun 20 Checked: Jul 17 at 8:49 am
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 Sterling Ventures RE
Investment Insights
Based on property information with market context.
This six-unit apartment building is configured as two separate structures on one lot, with the front building containing two 3-bedroom, 2-bath apartments and the bottom unit described as newly built. The back building includes three 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath unit. All units are listed at 875 SF. Several units have received recent upgrades including new carpet, appliances, and lighting. Off-street parking is provided. Laundry is included in the front building for all of the units.
The property is located at 5476–5486 Vicente Way in Oakland. It is one block from Claremont Ave and the Temescal Farmers Market, and about two blocks from a new Whole Foods, with additional restaurants and shops along College Ave nearby. The listing also notes proximity to UCSF Children’s Hospital and Kaiser, as well as multiple BART stations and freeways. The Rockridge BART station is approximately 0.8 miles away, and a new mixed-use commercial building with apartments and Whole Foods is described as two blocks from the property.
With individually metered PG&E and EBMUD, the building’s utility setup is geared toward tenants and simplifies owner oversight. The mix of 3-bedroom and 2-bedroom units, along with a 1-bedroom option, can support a range of renter needs while keeping the property’s common laundry arrangement centralized in the front structure.
The property is located at 5476–5486 Vicente Way in Oakland. It is one block from Claremont Ave and the Temescal Farmers Market, and about two blocks from a new Whole Foods, with additional restaurants and shops along College Ave nearby. The listing also notes proximity to UCSF Children’s Hospital and Kaiser, as well as multiple BART stations and freeways. The Rockridge BART station is approximately 0.8 miles away, and a new mixed-use commercial building with apartments and Whole Foods is described as two blocks from the property.
With individually metered PG&E and EBMUD, the building’s utility setup is geared toward tenants and simplifies owner oversight. The mix of 3-bedroom and 2-bedroom units, along with a 1-bedroom option, can support a range of renter needs while keeping the property’s common laundry arrangement centralized in the front structure.
Key Highlights
- 6‑unit multifamily on a 10,000 SF lot, all units separately metered for PG&E and EBMUD
- Front building: two 3BR/2BA units (bottom unit is brand new); all units have 875 SF per listing details
- Back building: three 2BR/1BA and one 1BR/1BA unit; 1BR/1BA has the same square footage as the 2BR units
Local 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 | $245.4k | $40.20 |
| − Vacancy | −$11.0k | −$1.81 |
| EGI | $234.3k | $38.39 |
| − OpEx | −$105.5k | −$17.28 |
| NOI | $128.9k | $21.12 |
6,104 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $128,886 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $139,890 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six separately metered apartments with off-street parking and on-site laundry servicing the front building.
Where is this apartment building located?
The property is located at 5476-5486 Vicente Way Oakland, CA.
What is the asking price?
The asking price for this property is $2,299,999.
What are key features of this property?
This property features: 6‑unit multifamily on a 10,000 SF lot, all units separately metered for PG&E and EBMUD; Front building: two 3BR/2BA units (bottom unit is brand new); all units have 875 SF per listing details; Back building: three 2BR/1BA and one 1BR/1BA unit; 1BR/1BA has the same square footage as the 2BR units
