4092 Piedmont AveOakland, CA 94611

Property Details for 4092 Piedmont Ave

Year built

1923

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

4,194 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

12-992-14-2

APU

12992142

Description

This exceptional mixed-use property at 4092 Piedmont Ave, Oakland, CA 94611, presents a compelling investment opportunity. The 4,194 square foot building, constructed in 1923, sits on a 3,392 square foot lot and is zoned CN-1. It features a diverse tenant mix including one 2-bedroom, 1-bathroom residential unit, an office space with an ADA-compliant bathroom, a bar, and an Indian restaurant. The property boasts 100% occupancy, generating a strong net operating income (NOI) of $133,431 annually, representing a 4.95% capitalization rate. The asking price is $2,695,000, or $673,750 per unit, and $659 per square foot. Three off-street parking spaces are available. The property benefits from its prime location on Piedmont Avenue, a vibrant area known for its high foot traffic, diverse businesses, and convenient access to public transportation. This stabilized investment offers a blend of residential and commercial income streams, making it an attractive option for discerning investors seeking a strong return on investment in a desirable Oakland neighborhood. The building is a two-story structure with a total of four units. The property's financial performance is further highlighted by a pro-forma NOI mirroring the current NOI, indicating a stable and predictable income stream.

• CAP approach

  CAP return

  Valuation

  6%

  $1,161,650

  6.5%

  $1,072,292

  7%

  $995,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,070,234

  Geo Method

  $1,169,748

• Alternative Use

  Use

  Valuation

  Residential

  $1,329,643

  Hospitality

  $1,217,946

  Educational

  $1,013,316

  Medical

  $1,048,166

  Retail

  $1,576,270

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8263

Longitude

-122.252

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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