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5154 Shafter Ave
Oakland, CA 94618
Multifamily Property For Sale
·
4 Units
Investment Highlights
- A campus-style layout across a 8,360-square-foot lot that lives like a small compound rather than a single building.
- Unit D delivers vacant at a previously achieved $3,050 a month — room to lease, reposition, or owner-occupy from day one.
- Positioned between two of Oakland's most consistently leased rental corridors, with the demand depth that comes from established neighborhoods.
Executive Summary
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).
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).
Property Facts
| Price Per Unit | $337,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.10% | Building Size | 2,098 SF |
| Gross Rent Multiplier | 10.4 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-35, Oakland | ||
| Price Per Unit | $337,500 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 10.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,098 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R-35, Oakland |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,650 | 461 - 766 |
Property Taxes
| Parcel Number | 014-1234-028-00 | Improvements Assessment | $548,669 |
| Land Assessment | $235,144 | Total Assessment | $783,813 |
Property Taxes
Parcel Number
014-1234-028-00
Land Assessment
$235,144
Improvements Assessment
$548,669
Total Assessment
$783,813
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