12-Unit Apartment
New
For Sale
$1,950,000
5918 Genoa St, Oakland, CA 94608
The unit mix includes studios and a junior one-bedroom, with renovated interiors in eight apartments.
Property Size6,072 SF
Price / SF$321.15
Days on Market1
Property Features for 5918 Genoa St
General Information
Standard status
Active
Size
6,072 SF
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
11 x studio, 1 x junior 1BR
Multifamily Units
12
Additional Details
Cap Rate
5.51%
Public Transit
Yes
Amenities
Impressive unit interior renovations
Attractive location near Bushrod and Santa Fe neighborhoods
Low price per unit basis
Building Details
Building Size
6,072 SF
Year Built
1930
Units
12
Listing Agency:
Marcus & Millichap | Oakland
Listed By:
Joe Owens · License #License(s): CA: 01707768
(510) 454-9708
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:22PM
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 Marcus & Millichap | Oakland
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12-unit apartment property contains 11 studios and one junior one-bedroom across 6,072 square feet. Built in 1930, the building has completed soft-story work, and eight apartments have been renovated. The property is located between Oakland’s Santa Fe and Bushrod neighborhoods, with Ashby BART and the Temescal and Rockridge retail corridors identified as nearby destinations.
Key Highlights
- 12 apartments: 11 studios and 1 junior one‑bedroom
- 6,072 square feet total
- Eight of the 12 apartments have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,211
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,564,220
$2.6M
Cap Rate 7%
$1,831,586
$1.8M
Cap Rate 9%
$1,424,567
$1.4M
Market Conditions
NOI Build-Up for 6,072 SF
Gross rent
$244.1K $40.20/SF
− Vacancy
−$11.0K −$1.81/SF
EGI
$233.1K $38.39/SF
− OpEx
−$104.9K −$17.28/SF
NOI
$128.2K $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%
$2,564,220
Cap Rate 7%
$1,831,586
Cap Rate 9%
$1,424,567
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.14M
NOI $128,211 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.99M
$1.74M – $2.32M
NOI $139,157 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
3,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix includes studios and a junior one-bedroom, with renovated interiors in eight apartments.
Where is this apartment building located?
The property is located at 5918 Genoa St Oakland, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 12 apartments: 11 studios and 1 junior one‑bedroom; 6,072 square feet total; Eight of the 12 apartments have been renovated
