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    Miles Ave Oakland, CA 94618

    For Sale
    $4,750,000

    11-unit multifamily property in Oakland's Rockridge neighborhood.

    Property size:
    7,295 SF
    Lot size:
    0.08 Acres

    Property Features for Miles Ave

    General Information

    Standard status
    Active
    Size
    7,295 SF
    Lot size
    0.08 Acres

    Building Details

    Year built
    1922

    Source: MARCUS & MILLICHAP Agent JOSEPH OWENS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rockridge Multifamily Investment Opportunity

    Located in Oakland's Rockridge neighborhood, 5687 Miles Avenue presents an 11-unit multifamily investment opportunity. The property offers a combination of residential income and commercial revenue through long-term wireless carrier roof top leases. Its location directly across from the Rockridge BART station provides connectivity to employment centers, with access to San Francisco's Financial District and highway connectivity via Route 24. The building features a unit mix of studios through two-bedroom apartments. The property is located in a neighborhood characterized by affluent demographics and walkability.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.259423
    Latitude
    37.837384

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    FAQs

    What type of property is this?
    Apartment building - 11-unit multifamily property in Oakland's Rockridge neighborhood.
    Where is this apartment building located?
    The property is located at Miles Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: - Prime Rockridge location directly across from Rockridge BART station.; - Significant commercial revenue from long-term wireless carrier rooftop leases.; - Stable residential income from 11 units.
    (510) 379-1200
    Request Owner's contact information
    Miles Ave Oakland, CA 94618
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    Oakland, CA 94618
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    Realmo Value Estimation

    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.

    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.

    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
    Miles Ave Oakland, CA 94618
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