33-Unit Apartment
For Sale
$8,965,000
Claremont, Oakland, CA 94618
ResidentialIncome, Oakland, CA
Property Size16,830 SF
Lot Size0.20 Acres
Price / SF$532.68
Days on Market10
Property Features for Claremont
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R60-S4
Elementary school
OaklandUnified
High school
OaklandUnified
Elementary school district
OaklandUnified
High school district
OaklandUnified
Subdivision
OaklandZipCode94618
Standard status
Active
APN
014-1256-003-02
Size
16,830 SF
Lot size
0.20 Acres
Amenities
balconies
laundry on site
Building Details
Year built
1963
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 9:06AM
MLS# ML82064392
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.
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 property contains 33 one-bedroom, one-bath units across 16,830 square feet. Built in 1963, the building includes balconies in some apartments, and approximately 80% of the units have undergone renovation. Laundry facilities are on site. The sewer lateral has EBMUD certification through 2035. Market rents are approximately 11% above current in-place rents; the reported current cap rate is 5.50%, with a 5.28% pro forma cap rate.
The property is in North Oakland, between Rockridge and Temescal, and backs onto the Rockridge-Temescal Greenbelt, also known as Frog Park. The Temescal Farmers Market is about 0.1 mile away, while Rockridge BART and the shops and restaurants along College Avenue are about 0.5 mile away. Highway 24 is nearby.
The property is in North Oakland, between Rockridge and Temescal, and backs onto the Rockridge-Temescal Greenbelt, also known as Frog Park. The Temescal Farmers Market is about 0.1 mile away, while Rockridge BART and the shops and restaurants along College Avenue are about 0.5 mile away. Highway 24 is nearby.
Key Highlights
- 33 one‑bedroom, one‑bath apartments in a 16,830‑square‑foot building
- Three‑story property built in 1963; approximately 80% of units renovated
- Some apartments have balconies; laundry facilities are on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$355,366
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,107,320
$7.1M
Cap Rate 7%
$5,076,657
$5.1M
Cap Rate 9%
$3,948,511
$3.9M
Market Conditions
NOI Build-Up for 16,830 SF
Gross rent
$676.6K $40.20/SF
− Vacancy
−$30.4K −$1.81/SF
EGI
$646.1K $38.39/SF
− OpEx
−$290.8K −$17.28/SF
NOI
$355.4K $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%
$7,107,320
Cap Rate 7%
$5,076,657
Cap Rate 9%
$3,948,511
Alternative Uses
Best Use
Apartment 5plus
$5.08M
$4.44M – $5.92M
NOI $355,366 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.51M
$4.82M – $6.43M
NOI $385,706 @ 7.0% cap · market cap 4.30%
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
Lease Details
33
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,554
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated residences, select private balconies, and on-site laundry serve this Oakland multifamily property.
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 $8,965,000.
What are key features of this property?
This property features: 33 one‑bedroom, one‑bath apartments in a 16,830‑square‑foot building; Three‑story property built in 1963; approximately 80% of units renovated; Some apartments have balconies; laundry facilities are on site
