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Kempton Apartments 3505 Kempton Way 14 Unit Apartment Building $2,100,000 ($150,000/Unit) 6% Cap Rate Oakland, CA 94611
EXECUTIVE SUMMARY
PROPERTY SUMMARY:
Address: 3505 Kempton Way, Oakland, California 94611.
Total Units: 14
Net Rentable SF: ±8,305
Number of Buildings: 1
Number of Stories: 2-3
Submarket: Piedmont
Land Size: 0.19 Acres.
LOCATION OVERVIEW
Oakland, California, sits on the eastern edge of San Francisco Bay, known for its mix of city life and natural beauty. Its diverse culture, scenic landscapes, and mild weather attract outdoor enthusiasts with sweeping bay views, numerous parks, and plenty of green spaces. From historic Victorian homes to modern hillside estates, Oakland’s housing options cater to a wide range of residents. Education is central to Oakland’s identity, bolstered by institutions like the University of California, Berkeley, while its vibrant cultural scene thrives in museums, theaters, and lively neighborhoods like Chinatown and Fruitvale, reflecting the city’s diverse population. Recreational opportunities abound with parks, trails, and waterfront activities, highlighted by Lake Merritt, the nation’s oldest wildlife refuge. Hosting major sports teams and diverse cultural events year-round, Oakland remains a growing hub of creativity and community, strategically located near San Francisco and Silicon Valley.
Address: 3505 Kempton Way, Oakland, California 94611.
Total Units: 14
Net Rentable SF: ±8,305
Number of Buildings: 1
Number of Stories: 2-3
Submarket: Piedmont
Land Size: 0.19 Acres.
LOCATION OVERVIEW
Oakland, California, sits on the eastern edge of San Francisco Bay, known for its mix of city life and natural beauty. Its diverse culture, scenic landscapes, and mild weather attract outdoor enthusiasts with sweeping bay views, numerous parks, and plenty of green spaces. From historic Victorian homes to modern hillside estates, Oakland’s housing options cater to a wide range of residents. Education is central to Oakland’s identity, bolstered by institutions like the University of California, Berkeley, while its vibrant cultural scene thrives in museums, theaters, and lively neighborhoods like Chinatown and Fruitvale, reflecting the city’s diverse population. Recreational opportunities abound with parks, trails, and waterfront activities, highlighted by Lake Merritt, the nation’s oldest wildlife refuge. Hosting major sports teams and diverse cultural events year-round, Oakland remains a growing hub of creativity and community, strategically located near San Francisco and Silicon Valley.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,100,000 | Property Subtype | Apartment |
| Price Per Unit | $150,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 8.36 | Building Size | 8,305 SF |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1980 |
| Zoning | R3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $2,100,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 8.36 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,305 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Zoning | R3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $1,207 | 500 |
| 1+1 | 9 | $1,285 | 645 |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 010-0807-013-00 | Total Assessment | $1,922,180 |
| Land Assessment | $631,941 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,285,409 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
010-0807-013-00
Land Assessment
$631,941
Improvements Assessment
$1,285,409
Total Assessment
$1,922,180
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Kempton Apartments | 3505 Kempton Way
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