Three-Story Apartment
For Sale
$2,325,000
8 Yosemite Avenue, Oakland, CA 94611
Multifamily property with a diversified unit mix and owner-operated laundry facilities.
Property Size7,134 SF
Price / SF$325.90
Days on Market59
Property Features for 8 Yosemite Avenue
General Information
Standard status
Active
Size
7,134 SF
Property subtype
Multifamily
Units
Unit Mix
8 x 1BR/1BA, 1 x 1BR/1.5BA, 2 x studio/1BA
Multifamily Units
11
Amenities
on-site laundry
Building Details
Building Size
7,134 SF
Year Built
1923
Buildings
1
Stories
3
Units
11
Listing Agency:
NAI Northern California
Listed By:
James Kilpatrick · License #CalDRE #01277022
(510) 290-9647
Source:
Nainorcal
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 16 at 7:31AM
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 NAI Northern California
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 three-story apartment building, constructed in 1923, contains 11 units within 7,134 square feet. The configuration includes eight 1-bedroom/1-bathroom apartments, one 1-bedroom/1.5-bathroom apartment, and two studio/1-bathroom units. Laundry equipment is owned on site, providing an additional building amenity without a third-party equipment arrangement.
The property is located at 8 Yosemite Avenue in Oakland’s Piedmont Avenue neighborhood, one building from the area’s commercial corridor. Its unit mix centers on one-bedroom apartments while also including studio layouts and a larger one-bedroom configuration.
The property is located at 8 Yosemite Avenue in Oakland’s Piedmont Avenue neighborhood, one building from the area’s commercial corridor. Its unit mix centers on one-bedroom apartments while also including studio layouts and a larger one-bedroom configuration.
Key Highlights
- 11‑unit apartment building with 7,134 square feet
- Built in 1923 with three stories
- Eight 1‑bedroom/1‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,789
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,435,780
$2.4M
Cap Rate 7%
$1,739,843
$1.7M
Cap Rate 9%
$1,353,211
$1.4M
Market Conditions
NOI Build-Up for 7,134 SF
Gross rent
$231.1K $32.40/SF
− Vacancy
−$9.7K −$1.36/SF
EGI
$221.4K $31.04/SF
− OpEx
−$99.6K −$13.97/SF
NOI
$121.8K $17.07/SF
Area
ZIP 94611
Vacancy
4.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,435,780
Cap Rate 7%
$1,739,843
Cap Rate 9%
$1,353,211
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.52M – $2.03M
NOI $121,789 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,367 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
6,448
Businesses Nearby
Explore this area
Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a diversified unit mix and owner-operated laundry facilities.
Where is this apartment building located?
The property is located at 8 Yosemite Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: 11‑unit apartment building with 7,134 square feet; Built in 1923 with three stories; Eight 1‑bedroom/1‑bathroom units
