6-Unit Apartment
701 43rd Street Oakland, CA 94609
701 43rd Street, Oakland, CA, 94609
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For Sale
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Six-unit building with 5 units currently vacant, offering a mix of 1- and 2-bedroom layouts.
Property Size5,423 SF
Price / SF$257.24
Days on Market66
Property Features for 701 43rd Street
General Information
- Standard status
- Active
- Size
- 5,423 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1918
Listing agency
Western Management Properties, Inc.
(510) 451-7317
Listed by
Bruce Chambers · License #00776842
Source
Crexi
Added: May 18 Updated: Jul 21 at 6:57PM Checked: Jul 21 at 6:57PM
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 Western Management Properties, Inc.
Investment Insights
Based on property information with market context.
This 6-unit apartment building offers five of six units currently vacant, creating immediate upside for an owner-occupant or hands-on operator. The unit mix includes multiple 1-bedroom/1-bath homes, 1-bedroom/1-bath units with a dining room (noted as possible to convert to 2 bedrooms), and 2-bedroom/1-bath units. The property features interior details such as hardwood flooring, built-in china cabinets, and decorative moldings throughout, adding character to the residential income setup.
The property is located at 701 43rd Street in Oakland, described as being in North Oakland. All reported income and expenses are estimated due to the current vacancy factor. This is a Trust Sale.
The property is located at 701 43rd Street in Oakland, described as being in North Oakland. All reported income and expenses are estimated due to the current vacancy factor. This is a Trust Sale.
Key Highlights
- Six‑unit building built in 1918 with 5 of 6 units currently vacant
- Unit mix includes 1‑bedroom/1‑bath and 2‑bedroom/1‑bath layouts
- Some units have a dining room in addition to 1 bedroom/1 bath (potential to convert to 2 bedrooms)
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 | $218.0k | $40.20 |
| − Vacancy | −$9.8k | −$1.81 |
| EGI | $208.2k | $38.39 |
| − OpEx | −$93.7k | −$17.28 |
| NOI | $114.5k | $21.12 |
5,423 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,507 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.78M
$1.55M – $2.07M
NOI $124,283 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit building with 5 units currently vacant, offering a mix of 1- and 2-bedroom layouts.
Where is this apartment building located?
The property is located at 701 43rd Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Six‑unit building built in 1918 with 5 of 6 units currently vacant; Unit mix includes 1‑bedroom/1‑bath and 2‑bedroom/1‑bath layouts; Some units have a dining room in addition to 1 bedroom/1 bath (potential to convert to 2 bedrooms)
