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    Sausal St Oakland, CA 94602

    For Sale
    $2,495,000

    Ten-unit apartment complex with strong income and rental upside.

    Property size:
    9,448 SF
    Lot size:
    0.35 Acres

    Property Features for Sausal St

    General Information

    Standard status
    Active
    Size
    9,448 SF
    Lot size
    0.35 Acres

    Building Details

    Year built
    1965

    Source: THE PINZA GROUP, INC Agent DAVID HOWARTH

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

    Overview

    Oakland Hills Apartment Complex

    This 10-unit apartment complex is located in the Oakland hills, adjacent to the Dimond district. It features a strong current income with potential for increased rental revenue. Constructed in 1965, the property consists of two 5-unit buildings, encompassing approximately 9,448 square feet of rental space on a combined lot size of 15,100 square feet. The unit mix includes nine 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Ten off-street parking spaces are available. The property has been extensively remodeled, featuring updated kitchens and bathrooms, new paint, double pane windows, hardwood floors, and custom lighting. A new roof is scheduled for installation in 2025. The property is easy to manage, with separate PGE metering for each unit, contributing to low annual operating expenses. The exterior and interior are in great condition, presenting a turn-key investment opportunity with no deferred maintenance. Currently, one unit is vacant, making it suitable for an owner-occupant or an investor seeking to lease at market rates. This property is located in a high-demand neighborhood and offers excellent long-term potential.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2202349
    Latitude
    37.7986423

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    FAQs

    What type of property is this?
    Apartment building - Ten-unit apartment complex with strong income and rental upside.
    Where is this apartment building located?
    The property is located at Sausal St Oakland, CA.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: - Strong current income with a **7.08% cap rate and 9.41 GRM**, indicating immediate profitability.; - Extensively remodeled with **updated kitchens and bathrooms, new paint, double pane windows, hardwood floors, custom lighting, and a new roof (installed in 2025)**, ensuring low maintenance.; - Ideal unit mix of nine 2bd/1bth units and one 1bd/1bth unit, maximizing rental income potential.
    (510) 725-4775
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    Sausal St Oakland, CA 94602
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    Oakland, CA 94602
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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
    Sausal St Oakland, CA 94602
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