$1,999,000
3812 Whittle Ave, Oakland, CA 94602
- Units
- 6
- Building Sq. Ft.
- 6,166
- Lot Sq. Ft.
- 37,200
- CAP Rate
- 4.5%
Property Description
A Well-Maintained Six-Plex in the Dimond District
- 4.5% CAP rate, 6.4% proforma CAP rate
- 6 units, individually metered for PG&E
- Sewer lateral ordinance compliant
- Sidewalk ordinance compliant
- New main electrical panel and individual unit panels
- Onsite community laundry, additional income opportunity
Excellent opportunity to own a well-maintained 6-unit multifamily property in Oakland's popular Dimond District. Approximately $75,000 in capital improvements have been completed this year, helping to minimize future maintenance obligations and providing added peace of mind for the next owner. Recent upgrades include a brand new sewer lateral (compliant), new sidewalk (compliant), new asphalt driveway, new main panel, and new individual electrical panels in each unit. The property is fully occupied and features individual PG&E meters, community laundry, and a low-maintenance setup that makes ownership more straightforward.
The property's location is a significant draw for tenants, offering easy access to shops, restaurants, cafes, and services that make the Dimond District such a sought-after Oakland neighborhood. Nearby Dimond Park provides abundant recreational opportunities, while convenient transit options and commuter routes connect residents to Downtown Oakland, San Francisco, and the greater Bay Area.
Properties offering recent major improvements, stable occupancy, and a sought-after neighborhood location are increasingly difficult to find. This is a rare opportunity to acquire a solid income-producing asset in one of Oakland's most established and desirable neighborhoods.
Property Documents
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Get the full offering memorandum for 3812 Whittle Ave.
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Overview
- Property Status
- Active
- List Price
- $1,999,000
- MLS ID
- 41137615
- Property Type
- Residential Income, 6-Unit Multifamily
- Year Built
- 1964
- Lot Size
- 37,200 sq. ft. (0.85 acres)
Features & Amenities
Area & Lot
- Neighborhood
- Dimond District, Oakland
- Cross Street
- Fruitvale Ave
- Total Units
- 6
- Building Size
- 6,166 sq. ft.
- Unit Mix
- Four 2bd/1ba, one 2bd/1.5ba, one 3bd/2ba
Interior & Exterior
- Exterior
- Stucco, Wood Siding
- Roof
- Flat
- Heating
- Wall Furnace, Central
- Cooling
- No Air Conditioning
- Basement
- None
- Flooring
- Other
- Parking
- 6 spaces, off-street, assigned, 1 per unit
- Yard
- Low-maintenance, partial fence
- Additional Features
- Balcony/Patio
- Equipment Included
- Dryer, Washer, Gas Water Heater, Carbon Monoxide Detector(s), Smoke Detector(s)
Lease & Tenancy
- Occupancy
- Fully occupied
- Lease Terms
- Month-to-Month, Security Deposit, Written Agreement
- Tenant Pays
- Electric, Gas
- Water
- Public, Water District
Financial
- Gross Scheduled Income
- $149,910/yr
- Rental Income
- $148,410/yr
- Other Income
- $1,500/yr
- Annual Taxes
- $31,819
- Annual Insurance
- $6,571
- Annual Maintenance
- $3,255
- Annual Utilities
- $15,852
- Total Annual Operating Expenses
- $60,410
- Net Operating Income
- $89,500
- CAP Rate
- 4.5%
- Proforma CAP Rate
- 6.4%
- Expense Year
- 2026
Location
3812 Whittle Ave, Oakland, CA 94602
Nearby
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Oakland is the largest city in the East Bay, a place with real geography working in its favor: hills on one side, the water on the other, and a skyline view of San Francisco right across the Bay.
Read More ›Financing
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Estimated Monthly Payment
$12,919/mo
- Principal & Interest
- $10,372
- Property Taxes
- $1,999
- Insurance
- $548
Estimate only, based on the figures entered. Does not include HOA dues (none for this property), PMI, or closing costs. Talk to a lender for an exact quote.
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