5154 Shafter Ave 4 Unit Apartment Building $1,350,000 ($337,500/Unit) 6.10% Cap Rate Oakland, CA 94618

Three structures, four units, one North Oakland parcel between Temescal and Rockridge. 5154 Shafter Avenue pairs a 1940 stucco duplex with two detached cottages from the 1910s and 1880s — a campus-style layout that lives more like standalone homes than apartments. All four one-bedroom units carry private decks and in-unit laundry, with a real sense of separation; the two rear cottages add parking and private yards. Three units are leased at about $10,800 a month, roughly $129,600 a year, with rents already near market. The fourth cottage will be delivered vacant — ready to lease, reposition, or owner-occupy. Rockridge BART sits 0.6 miles off, with College Avenue, Temescal Alley, and Whole Foods close by. Tenants pay their own gas and electric. Detached homes, private outdoor space, and a supply-constrained location rarely meet at this entry point. Offered at $1,350,000 — about $643/SF and $337,500 per unit.
TRANSPARENT PRICE. Unit D is vacant and can be shown via Calendly.
Contact Joey at joey.wang@loremultifamily.com with questions.
For the offering memorandum and inspection reports, go to https://www.loremultifamily.forsale/
Offers are due on Tuesday, 6/30, at noon.
Disclaimer: The photos in this listing have been digitally enhanced.
*±8,360 SF (per assessor map; county record reflects 4,652
SF — correction request to County has been submitted).