24-Unit Apartment
For Sale
$6,330,000
Claremont, Oakland, CA 94618
ResidentialIncome, Oakland, CA
Property Size10,400 SF
Lot Size0.17 Acres
Price / SF$608.65
Days on Market10
Property Features for Claremont
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-4
Parking
10
Elementary school
OaklandUnified
High school
OaklandUnified
Elementary school district
OaklandUnified
High school district
OaklandUnified
Subdivision
OaklandZipCode94609
Standard status
Active
APN
014-1272-004
Size
10,400 SF
Lot size
0.17 Acres
Amenities
coin-operated laundry
rooftop solar hot water
double-pane windows
Building Details
Year built
1960
Listing Agency:
KW Advisors · Keller Williams Realty
(650) 627-3700
Listed By:
Alina Siert · License #01893238
(408) 712-7692
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 21 at 8:06AM
MLS# ML82064393
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Silvergate Apartments is a 24-unit property at 5499 Claremont Avenue, with one bedroom and one bathroom in each apartment. Built in 1960, the building has rooftop solar hot water, double-pane windows, a coin-operated laundry room, and a parking lot with spaces for 10 cars. The sewer lateral is certified by EBMUD through 2042. The parcel measures 0.1722 acres, and zoning is RM-4.
The property sits in North Oakland between Rockridge and Temescal, approximately 0.3 mi from Rockridge BART. College Avenue shops and dining, the Temescal Farmers Market, the Rockridge-Temescal Greenbelt, and Highway 24 are nearby. Current cap rate is 5.74%, with a pro forma cap rate of 5.65%.
The property sits in North Oakland between Rockridge and Temescal, approximately 0.3 mi from Rockridge BART. College Avenue shops and dining, the Temescal Farmers Market, the Rockridge-Temescal Greenbelt, and Highway 24 are nearby. Current cap rate is 5.74%, with a pro forma cap rate of 5.65%.
Key Highlights
- 24 apartments, each with one bedroom and one bathroom
- 10‑car on‑site parking lot and coin‑operated laundry
- Rooftop solar hot water and double‑pane windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,597
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,391,940
$4.4M
Cap Rate 7%
$3,137,100
$3.1M
Cap Rate 9%
$2,439,967
$2.4M
Market Conditions
NOI Build-Up for 10,400 SF
Gross rent
$418.1K $40.20/SF
− Vacancy
−$18.8K −$1.81/SF
EGI
$399.3K $38.39/SF
− OpEx
−$179.7K −$17.28/SF
NOI
$219.6K $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%
$4,391,940
Cap Rate 7%
$3,137,100
Cap Rate 9%
$2,439,967
Alternative Uses
Best Use
Apartment 5plus
$3.14M
$2.74M – $3.66M
NOI $219,597 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.40M
$2.98M – $3.97M
NOI $238,345 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
24
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,607
Businesses Nearby
Explore this area
Business Placement
Demographics for 94618, CA
16,946
Population
7,873
Households
2.2
Avg Household Size
43
Median Age
86%
College-Educated
98%
High-School Grad
2.4 sq mi
ZIP Area
7,061
Density / Sq Mi
$205,552
Median Household Income
$119,347
Median Earnings
$2,742
Median Rent
$1,789,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom units include double-pane windows, rooftop solar hot water, and shared laundry.
Where is this apartment building located?
The property is located at Claremont Oakland, CA.
What is the asking price?
The asking price for this property is $6,330,000.
What are key features of this property?
This property features: 24 apartments, each with one bedroom and one bathroom; 10‑car on‑site parking lot and coin‑operated laundry; Rooftop solar hot water and double‑pane windows
