See all 10 photos
10 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,895,000
Est. payment /mo
6,080 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 6,080 sqft
Price per Sqft $311
Subdivision Lake Merritt
MLS Listing ID 41151543
HOA Y/N No
Year Built 1959
Lot Size 6,000 Sqft
Acres 0.14
Property Sub-Type Multi Family
Property Description
Eight 2BR/1BA units near Lake Merritt offering a 6.23% current cap rate and 8.20% at market rents. Average scheduled rent of $2,186 trails the $2,600 market rent by 18.9%. Six of eight units are renovated, and one vacant unit is scheduled at market. Oakland rents rose 13.0% year over year as of July 2026 (Apartment List), second-fastest among the 100 largest U.S. cities, as San Francisco's AI-driven rent surge pushes renters east. Current NOI $118,092; NOI at market rents $155,330.
Location
State CA
County Alameda
Rooms
Basement None
Interior
Heating Forced Air
Cooling None
Flooring Vinyl
Fireplace No
Exterior
View Y/N true
View Lake, City
Total Parking Spaces 6
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 21227333
Read Less Info
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Joseph Owens • Marcus & Millichap
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION