Oakland Multifamily Investment
For Sale
$7,152,000
5499 Claremont Ave, Oakland, CA 94618
24-unit apartment building in Rockridge neighborhood near BART.
Property Size12,600 SF
Lot Size0.17 Acres
Price / SF$567.62
Days on Market104
Property Features for 5499 Claremont Ave
General Information
Standard status
Active
Size
12,600 SF
Lot size
0.17 Acres
Property subtype
Investment
Building Details
Year Built
1960
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: Aug 5 at 11:14AM
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, 5499 Claremont Avenue presents a 24-unit multifamily investment opportunity. The property, built in 1960, contains 24 one-bedroom, one-bathroom units. The building offers approximately 12,600 square feet of rental space and is situated on a 7,500 square foot lot with a parking lot for 10 cars. The units are separately metered for gas and electricity. Upper-level units offer views from the entry and living room. Coin-operated laundry is available for additional income. The property is located near the Rockridge BART station, providing access to San Francisco's Financial District in 22 minutes, and offers connectivity via Route 24. The property is centrally located between Rockridge and Temescal, near Frog Park, Whole Foods, Trader Joe's, and the Temescal Farmer's Market.
Key Highlights
- Prime location directly across from Rockridge BART station, offering easy access to major employment centers and San Francisco.
- Rare 24‑unit multifamily investment property in Oakland's desirable Rockridge neighborhood.
- Stable residential income from 24 one‑bedroom, one‑bathroom units.
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 | $506.5k | $40.20 |
| − Vacancy | −$22.8k | −$1.81 |
| EGI | $483.7k | $38.39 |
| − OpEx | −$217.7k | −$17.28 |
| NOI | $266.0k | $21.12 |
12,600 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.80M
$3.33M – $4.43M
NOI $266,050 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.13M
$3.61M – $4.81M
NOI $288,764 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 94618, CA
16,946
Population
7,873
Households
2.2
Avg Household Size
43
Median Age
86%
College-Educated
98%
High-School Grad
2.4 sq mi
ZIP Area
7,061
Density / Sq Mi
$205,552
Median Household Income
$119,347
Median Earnings
$2,742
Median Rent
$1,789,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 24-unit apartment building in Rockridge neighborhood near BART.
Where is this apartment building located?
The property is located at 5499 Claremont Ave Oakland, CA.
What is the asking price?
The asking price for this property is $7,152,000.
What are key features of this property?
This property features: Prime location directly across from Rockridge BART station, offering easy access to major employment centers and San Francisco.; Rare 24‑unit multifamily investment property in Oakland's desirable Rockridge neighborhood.; Stable residential income from 24 one‑bedroom, one‑bathroom units.
