Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    6024 Chabot Rd Oakland, CA 94618-1652

    • Apartment buildings
    • 6,085 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Feb 09, 2025
    $2,093,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7415093
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 6024 Chabot Rd

    Year built
    1919
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    6,085 SF
    Property type
    Apartment buildings
    APN
    14-1266-62
    APU
    14126662

    Description

    This exceptional 6-unit residential building presents a compelling investment opportunity in Oakland's desirable Rockridge neighborhood. Located near College Avenue, this 6,085 square foot property offers unparalleled access to Highway 24 and public transportation, including the Rockridge and Berkeley BART stations. Built in 1919, the building comprises four one-bedroom, one-bathroom apartments and two larger three-bedroom, one-bathroom units. Each unit boasts its own unique charm. The two three-bedroom units feature private balconies or patios. Resident convenience is enhanced by a secure entry system, on-site laundry facilities, and a parking lot with ten dedicated spaces. Individual gas and electric meters (plus one house electric meter) provide cost efficiency and autonomy for each unit. The property sits on an 8,325 square foot lot and is offered at $2,800,000, representing a price per square foot of $460. Its prime location, surrounded by shops, restaurants, and a vibrant community atmosphere, ensures a strong rental income stream. This is a rare chance to acquire a well-maintained multi-unit property in a highly sought-after area. The Alameda County Assessor's Parcel Number (APN) is 14-1266-62.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.251
    Latitude
    37.847
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,271
    $288,260
    $672,607
    $960,867
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,831 SF

      4964 Desmond St

      APARTMENT HOUSE (5+ UNITS) • 1,831 SF
      4964 Desmond St, Oakland, CA 94618-1008
      View Details
    • Value Estimation by Request
      1,818 SF

      4966 Desmond St

      APARTMENT HOUSE (5+ UNITS) • 1,818 SF
      4966 Desmond St, Oakland, CA 94618-1008
      View Details
    • Value Estimation by Request
      1,831 SF

      4970 Desmond St

      APARTMENT HOUSE (5+ UNITS) • 1,831 SF
      4970 Desmond St, Oakland, CA 94618-1008
      View Details
    • Value Estimation
      $200,000
      2,857 SF

      5321 Bryant Ave

      APARTMENT HOUSE (5+ UNITS) • 2,857 SF
      5321 Bryant Ave, Oakland, CA 94618-1429
      View Details
    • Value Estimation
      $185,000
      5,124 SF

      5543 Claremont Ave

      APARTMENT HOUSE (5+ UNITS) • 5,124 SF
      5543 Claremont Ave, Oakland, CA 94618-3001
      View Details
    • Value Estimation
      $190,000
      4,754 SF

      5311 Miles Ave

      APARTMENT HOUSE (5+ UNITS) • 4,754 SF
      5311 Miles Ave, Oakland, CA 94618-1125
      View Details

    Similar Nearby for Sale

    • $4,750,000
      7,295 SF

      Rockridge Multifamily Investment Opportunity

      11-unit multifamily property in Oakland's Rockridge neighborhood.
      Miles Ave, Oakland, CA 94618
      View Details
    • $4,750,000
      7,295 SF

      Rockridge Multifamily Investment Opportunity

      11-unit multifamily property in Oakland's Rockridge neighborhood.
      5687 Miles Ave, Oakland, CA 94618
      View Details
    • New
      $849,000
      1,308 SF

      Renovated Duplex in Upper Rockridge

      Renovated Mid-century modern duplex in Upper Rockridge, Oakland.
      5936 Broadway, Oakland, CA 94618
      View Details
    • $1,700,000
      2,883 SF

      Retail Property in Rockridge Location

      Retail property in a busy, signalized Rockridge location.
      College Ave, Oakland, CA 94618
      View Details
    • $995,000

      Oakland Specialty Property For Sale

      Specialty property available for purchase in Oakland, California.
      4949 Coronado Ave, Oakland, CA 94618
      View Details
    • $388,000
      0.28 Acres

      Upper Rockridge Vacant Land

      12,019 sq ft vacant lot in Upper Rockridge neighborhood.
      Sheridan Ave, Oakland, CA 94618
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      365 SF

      Oakland Retail Space Available

      Retail space available for rent in Oakland, CA.
      5940 College Ave, Oakland, CA 94618
      View Details
    • Contact for pricing
      1,018 SF

      Oakland Retail Space For Rent

      Retail space in Oakland with flexible layouts and gated parking.
      5901 College Ave, Oakland, CA 94618
      View Details
    • Contact for pricing
      2,000 SF

      Restaurant Space with Outdoor Patio

      Second generation restaurant space with existing infrastructure and outdoor seating.
      5484 College Ave, Oakland, CA 94618
      View Details
    • $39 SF/Yr
      2,334 SF

      Oakland Office Space Available

      Office space available for lease in Oakland, CA.
      5270 College Ave, Oakland, CA 94618
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6024 Chabot Rd
    Oakland, CA 94618-1652
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.