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5476 Vicente Way 6 Unit Apartment Building $2,299,999 ($383,333/Unit) 7.97% Cap Rate Oakland, CA 94609
INVESTMENT HIGHLIGHTS
- Opportunity to purchase a well-performing six-unit multifamily asset with low expenses and coin laundry upside potential.
- 5476 Vicente Way has a diverse mix of three-bed/two-bath, two-bed/one-bath, and one-bed/one-bath units.
- Residents enjoy the recent upgrades to carpets, appliances, and lighting, plus on-site laundry and off-street parking.
- Moments away from the brand-new Whole Foods, Alem's Coffee, Temescal Farmers' Market, and local dining favorites on Claremont Avenue.
- Getting around is easy; the Rockbridge BART station is only 0.8 miles away, and Interstates 580, 880, and 80 are reached within a five-minute drive.
EXECUTIVE SUMMARY
5476 Vicente Way consists of six apartments on a 10,000-square-foot lot. The property is perfect for an owner-occupant or investor looking to add an A-plus asset to their portfolio. Each unit is separately metered for Pacific Gas and Electric Company (PG&E) and East Bay Municipal Utility District (EBMUD). The front building consists of two new three-bedroom, two-bathroom bottom units spanning 1,300 square feet. The back building includes three two-bedroom, one-bathroom units, and one one-bedroom, one-bathroom apartment. All rear building units span 876 square feet.
Recent upgrades to 5476 Vicente Way include new carpet, appliances, and lighting in several units. Off-street parking is available for tenants. Laundry is also included in the front building for all units, and adding coin laundry could provide the prospective owner with more upside potential.
This property is in a highly desirable Lower Rockridge location with a Walk Score of 91 and a Bike Score of 95. The apartment community is just one block from Claremont Avenue and the Temescal Farmers' Market, and two blocks from the new Whole Foods in the brand-new mixed-use commercial building. 5476 Vicente Way is also minutes from the vibrant restaurants and shops along College Avenue. The proximity to UCSF Children's Hospital, Kaiser, Rockridge, and MacArthur BART Stations, as well as major Interstates 580, 880, and 80, makes it incredibly convenient. The area is extremely close to the Claremont/Telegraph restaurant and bar scene, making it an ideal spot for both living and leisure.
Recent upgrades to 5476 Vicente Way include new carpet, appliances, and lighting in several units. Off-street parking is available for tenants. Laundry is also included in the front building for all units, and adding coin laundry could provide the prospective owner with more upside potential.
This property is in a highly desirable Lower Rockridge location with a Walk Score of 91 and a Bike Score of 95. The apartment community is just one block from Claremont Avenue and the Temescal Farmers' Market, and two blocks from the new Whole Foods in the brand-new mixed-use commercial building. 5476 Vicente Way is also minutes from the vibrant restaurants and shops along College Avenue. The proximity to UCSF Children's Hospital, Kaiser, Rockridge, and MacArthur BART Stations, as well as major Interstates 580, 880, and 80, makes it incredibly convenient. The area is extremely close to the Claremont/Telegraph restaurant and bar scene, making it an ideal spot for both living and leisure.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) 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 (ACTUAL - 2024) 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 | $2,299,999 | Apartment Style | Low-Rise |
| Price Per Unit | $383,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 7.97% | Building Size | 6,104 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1915/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Zoning | R4 | ||
| Price | $2,299,999 |
| Price Per Unit | $383,333 |
| Sale Type | Investment |
| Cap Rate | 7.97% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,104 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1915/2023 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | R4 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Gas Range
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 876 |
| 2+1 | 3 | - | 876 |
| 3+1.5 | 1 | - | 1,300 |
| 2+2 | 1 | - | 1,300 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (94)
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Casper's Hot Dogs | Hot Dogs | $ | 2 min walk |
| Well Oakland | Cafe | $ | 3 min walk |
| Pretty Fun Designs | - | - | 4 min walk |
| 9 Julio Empanada Kitchen | - | - | 3 min walk |
| Red Sea Restaurant | Ethiopian | $$ | 4 min walk |
| Noah's Bagels | Bagels | $ | 7 min walk |
| Peet's Coffee And Tea | Cafe | - | 7 min walk |
| Doughnut Dolly | Donuts | $ | 8 min walk |
| Curbside Creamery | Ice Cream | $ | 8 min walk |
| Between The Bun | Sandwiches | $ | 8 min walk |
RETAIL |
||
|---|---|---|
| Health Mart Pharmacy | Drug Store | 3 min walk |
| Whole Foods Market | Supermarket | 5 min walk |
| The UPS Store | Business/Copy/Postal Services | 4 min walk |
| Shoe Palace | Shoes | 8 min walk |
| 9round Fitness | Fitness | 8 min walk |
| United States Postal Service | Business/Copy/Postal Services | 8 min walk |
| Ellis Ace Hardware | Hardware | 10 min walk |
| Ace Hardware | Hardware | 11 min walk |
| European Wax Center | Salon/Barber/Spa | 15 min walk |
| Trader Joe's | Supermarket | 14 min walk |
HOTELS |
|
|---|---|
| MOXY |
172 rooms
6 min drive
|
| AC Hotels by Marriott |
133 rooms
6 min drive
|
| Marriott |
500 rooms
7 min drive
|
| Hilton Garden Inn |
303 rooms
7 min drive
|
| Graduate Hotel |
144 rooms
8 min drive
|
PROPERTY TAXES
| Parcel Number | 014-1228-011-02 | Total Assessment | $1,978,853 (2025) |
| Land Assessment | $530,600 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,448,253 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
014-1228-011-02
Land Assessment
$530,600 (2025)
Improvements Assessment
$1,448,253 (2025)
Total Assessment
$1,978,853 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
SALE ADVISOR
SALE ADVISOR
Dominic Gluhaich, Listing Broker
Dominic is a licensed Realtor with a demonstrated history of working within various sectors of the real estate industry. He strives to help his clients achieve their real estate goals, whether it is finding their dream home, investing in residential/commercial income property, or just learning more about the real estate industry in general. Dominic has also invested and worked on various fix-and-flip projects around the Bay Area with his established team of contractors.
Dominic looks forward to collaborating with you in the future and finding you a property that can set you up for success. It is his promise to provide his clients with the highest quality of service and insight into today's real estate market.
Dominic looks forward to collaborating with you in the future and finding you a property that can set you up for success. It is his promise to provide his clients with the highest quality of service and insight into today's real estate market.
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Presented by
Sterling Ventures
5476 Vicente Way
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