Fire-Damaged Multifamily Redevelopment
6322 Ohio Street El Cerrito, CA 94530
6322 Ohio Street, El Cerrito, CA, 94530
$580,000
For Sale
$580,000
Fire-damaged structure presents a path for clean redevelopment with minimal demolition cost under TOHIMU zoning.
Property Size3,300 SF
Price / SF$175.76
Days on Market147
Property Features for 6322 Ohio Street
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- 5+ Units
Building Details
- Year Built
- 1940
Listing agency
Pacific East Bay Real Estate
(510) 717-2188
Listed by
Jessica Yap · License #01332158
(510) 717-2188
Source
Compass
Added: Feb 24 Updated: Jul 21 at 12:01AM Checked: Jul 21 at 8:04AM
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 Pacific East Bay Real Estate
Investment Insights
Based on property information with market context.
This El Cerrito redevelopment assemblage includes a fire-damaged multifamily structure, creating an opportunity for clean redevelopment with minimal demolition cost. The site is described as transit-oriented, with Del Norte BART located about two blocks away.
The property is walkable to amenities along San Pablo Avenue. The assemblage is also cited as falling under TOHIMU zoning, which is noted as supporting efficient density.
With the existing structure impacted by fire, the property is best suited for buyers planning redevelopment rather than occupancy as-is.
The property is walkable to amenities along San Pablo Avenue. The assemblage is also cited as falling under TOHIMU zoning, which is noted as supporting efficient density.
With the existing structure impacted by fire, the property is best suited for buyers planning redevelopment rather than occupancy as-is.
Key Highlights
- 1940‑built structure on an El Cerrito TOHIMU development assemblage
- Fire‑damaged structure offers a redevelopment path with minimal demolition cost
- Transit‑oriented location: about 2 blocks to Del Norte BART
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 | $100.2k | $30.36 |
| − Vacancy | −$4.8k | −$1.46 |
| EGI | $95.4k | $28.90 |
| − OpEx | −$42.9k | −$13.01 |
| NOI | $52.5k | $15.90 |
3,300 SF · lease $30.36/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$749.4K
$655.7K – $874.3K
NOI $52,458 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,318 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Fire-damaged structure presents a path for clean redevelopment with minimal demolition cost under TOHIMU zoning.
Where is this apartment building located?
The property is located at 6322 Ohio Street El Cerrito, CA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 1940‑built structure on an El Cerrito TOHIMU development assemblage; Fire‑damaged structure offers a redevelopment path with minimal demolition cost; Transit‑oriented location: about 2 blocks to Del Norte BART
