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Oakland Hills Apartment Complex

Sausal St, Oakland, CA 94602

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For Sale

$2,495,000

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

Type:Commercial

Property size:

9,448 SF

Lot size:

0.35 Acres

Price / SF:

$264/SF

HighLights

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.
Located in a high‑demand Oakland hills neighborhood next to the Dimond district, offering excellent long‑term appreciation potential.
Turn‑key investment with no deferred maintenance, making it immediately rentable and easy to manage.
One vacant unit provides immediate opportunity for owner‑occupancy or leasing at market rate.

We can help!

Listing Contact

DAVID HOWARTH

For Sale

$2,495,000

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

Type:Commercial

Property size:

9,448 SF

Lot size:

0.35 Acres

Price / SF:

$264/SF

Added:: Jul 11, 2025
Days on Market:: 346
Last Refresh:: Apr 5 at 8:11 pm

Property Features for Sausal St

General Information

Standard status: Active
Size: 9,448 SF
Lot size: 0.35 Acres
Property subtype: Commercial

Building Details

Year Built: 1965

We can help!

Listing Contact

DAVID HOWARTH

Listing agent DAVID HOWARTH License #01360348

Listing office THE PINZA GROUP, INC

Listing date Jul 11, 2025

Source Corcoran

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

All listing content including descriptions, pricing, images are the copyrighted material of THE PINZA GROUP, INC

HighLights

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.
Located in a high‑demand Oakland hills neighborhood next to the Dimond district, offering excellent long‑term appreciation potential.
Turn‑key investment with no deferred maintenance, making it immediately rentable and easy to manage.
One vacant unit provides immediate opportunity for owner‑occupancy or leasing at market rate.

Overview

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$379.8k	$40.20
− Vacancy	−$17.1k	−$1.81
EGI	$362.7k	$38.39
− OpEx	−$163.2k	−$17.28
NOI	$199.5k	$21.12

9,448 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.85M

$2.49M – $3.32M (±1% cap)

NOI $199,495 @ 7.0% cap · market cap 8.00%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$3.09M

$2.71M – $3.61M (±1% cap)

NOI $216,527 @ 7.0% cap · market cap 8.68%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City: Oakland
County: Alameda
State: California
Longitude: -122.22
Latitude: 37.7986

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For sale
Apartment buildings
CA
Oakland
94602
Sausal St

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.