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912 OAK ST — PRIME LOCATION, VALUE ADD 912 Oak St 6 Unit Apartment Building $750,000 ($125,000/Unit) 6.18% Cap Rate Oakland, CA 94607
Investment Highlights
- Superior location walking distance to retail stores in Downtown Oakland, Lake Merritt BART, and Lake Merritt.
- Fantastic value-add opportunity for a new investor - first time on the market in several decades.
- Easy access to top Bay Area employers via. BART located just one-block away offering compelling driver of rent growth.
- One Studio and Five One-Bed/One-Bath units.
- Five of the six units are currently vacant facilitating renovation.
Executive Summary
SHOWING & PROPERTY TOURS: TUESDAY JULY 14TH, 2026 AT 11:00AM & WEDNESDAY JULY 15TH, 2026 AT 3:00PM
PLEASE RSVP TO ATTEND
CONTACT LISTING AGENT JON HOLMQUIST 415-625-2117 FOR FULL OFFERING MEMORANDUM
This offering of six units at 912 Oak St Avenue, Oakland, CA represents a rare opportunity to acquire a well-located and attractive multifamily property in the China Town neighborhood of Oakland, CA just one block from Lake Merritt. The current owner has owned the property for several decades.
The property is constructed with a wood-frame structure and stucco exterior. The unit mix consists of six units, including one studio and five one-bedroom/one-bath units. Five of the six units are currently vacant with one one-bedroom/one-bath occupied by a long-term tenant. While the units were renovated approximately 30 years ago by the current ownership, they present an opportunity for further upgrades to maximize rental income and overall property value. The property is separately metered for gas and electricity, with the potential to implement a RUBS program to further enhance income.
Tenants benefit from great walkability, with a Walk-Score of 93 (Walkers Paradise). Nearby public transport, or short walk allow easy access to ample retail, Lake Merritt BART station, and the shoreline of Lake Merritt. The building’s ideal location positions it to benefit from Oakland’s rebound and provide tenants with easy access to Downtown Oakland and San Francisco’s primary employment centers. The huge AI boom in San Francisco is starting to provide spillover to Oakland as jobs and rents have stabilized and strengthened.
PLEASE RSVP TO ATTEND
CONTACT LISTING AGENT JON HOLMQUIST 415-625-2117 FOR FULL OFFERING MEMORANDUM
This offering of six units at 912 Oak St Avenue, Oakland, CA represents a rare opportunity to acquire a well-located and attractive multifamily property in the China Town neighborhood of Oakland, CA just one block from Lake Merritt. The current owner has owned the property for several decades.
The property is constructed with a wood-frame structure and stucco exterior. The unit mix consists of six units, including one studio and five one-bedroom/one-bath units. Five of the six units are currently vacant with one one-bedroom/one-bath occupied by a long-term tenant. While the units were renovated approximately 30 years ago by the current ownership, they present an opportunity for further upgrades to maximize rental income and overall property value. The property is separately metered for gas and electricity, with the potential to implement a RUBS program to further enhance income.
Tenants benefit from great walkability, with a Walk-Score of 93 (Walkers Paradise). Nearby public transport, or short walk allow easy access to ample retail, Lake Merritt BART station, and the shoreline of Lake Merritt. The building’s ideal location positions it to benefit from Oakland’s rebound and provide tenants with easy access to Downtown Oakland and San Francisco’s primary employment centers. The huge AI boom in San Francisco is starting to provide spillover to Oakland as jobs and rents have stabilized and strengthened.
Property Facts
| Price | $750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.18% | Building Size | 3,575 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $750,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,575 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 625 |
| Studios | 1 | - | 450 |
1 1
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 002-0093-010-00 | Improvements Assessment | $42,170 |
| Land Assessment | $33,834 | Total Assessment | $76,004 |
Property Taxes
Parcel Number
002-0093-010-00
Land Assessment
$33,834
Improvements Assessment
$42,170
Total Assessment
$76,004
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912 OAK ST — PRIME LOCATION, VALUE ADD | 912 Oak St
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