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Can be sold with 2415 San Pablo 2401 San Pablo Ave 5,780 SF Office Building Oakland, CA 94612 $1,700,000 ($294.12/SF) 7.10% Cap Rate
Investment Highlights
- Large & Highly Renovated Units
- Roof Deck
- Strong Cash Flow
- On-Site Parking
- Separately metered for gas, electric and water
Executive Summary
Turn-key 7-unit investment with strong in-place income and extensive capital improvements, ideally located along the San Pablo Ave corridor near 19th Street BART, Hwy 980, Downtown Oakland, Uptown, and Berkeley. This well-maintained, stabilized asset offers a diverse unit mix of two large 1-bedroom units, two large 2-bedroom units, two oversized studios, and one mid-size studio. Several units feature two-level townhouse-style layouts with ceilings exceeding 12 feet, creating bright, open living spaces that stand out in the rental market. Most units have been extensively renovated over the past decade with updated kitchens, bathrooms, flooring, lighting, and appliances, supporting strong tenant demand. Ownership has completed major capital improvements including a new commercial roof (2024), full exterior paint (2025), multiple unit remodels, and upgraded common areas and hallways. Each unit is separately metered for gas, electric, and water for efficient operations. Property includes secured 1:1 parking for all units plus improvements to access, storage, and common areas. Can also be sold with adjacent 6-unit property at 2415 San Pablo Ave.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,780 SF
Building Class
B
Year Built
1912
Price
$1,700,000
Price Per SF
$294.12
Cap Rate
7.10%
NOI
$120,700
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,890 SF
Building FAR
1.21
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
C-30, Oakland
Parking
7 Spaces (1.21 Spaces per 1,000 SF Leased)
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 003-0015-007-00 | Improvements Assessment | $674,195 |
| Land Assessment | $273,968 | Total Assessment | $948,163 |
Property Taxes
Parcel Number
003-0015-007-00
Land Assessment
$273,968
Improvements Assessment
$674,195
Total Assessment
$948,163
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Can be sold with 2415 San Pablo | 2401 San Pablo Ave
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