Price: $0 to $99,999,999
Building Size: 0 to 50,000 SqFt
Lot Area: 0 to 50,000 SqFt
Number of Units: 0 to 100 Units
Year Built: 1700 to 2050
Price per Unit: $0 to $9,999,999
Price per SqFt: $0 to $9,999
Gross Rent Multiplier (GRM): 0 to 100
Capitalization Rate (CAP): 0% to 20%
Price: $0 to $99,999,999
Building Size: 0 to 50,000 SqFt
Lot Area: 0 to 50,000 SqFt
Number of Units: 0 to 100 Units
Year Built: 1700 to 2050
Price per Unit: $0 to $9,999,999
Price per SqFt: $0 to $9,999
Gross Rent Multiplier (GRM): 0 to 100
Capitalization Rate (CAP): 0% to 20%
  • Listing Date: Mar 19, 2025

389 Somerset Rd, Oakland 94611

Neighborhood : Montclair-Oakland
$1,100,000

Key information

  • Units 4
  • Year Built 1963
  • Average Unit Size 670
  • Building Size 2,680
  • Land Area (Sq Ft) 7,081
  • Parking 4
  • Separate Meters Gas, Electric

Pricing Metrics

CAP Rate: 4.3%
GRM: 12.2
Price per Unit: $275,000
Price per Square Foot: $410

LORE Agent Insights

TRANSPARENT PRICE. Unit 2 is vacant and can be shown via calendly. Units 1,3, and 4 are tenant-occupied and can be shown via private tour. The property has a Piedmont address but receives an Oakland tax bill. Contact Joey at joeywang@kwcommercial.com to schedule a tour or with questions. For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7 Offers are due on Tuesday, April 8th at noon.

Financial Summary

Gross Rents (Annual): $87,354
Other Income: $2,606
Expense Pass Through: $0
Vacancy Reserve: $4,498
Operating Expenses: $38,489
Net Operating Income: $46,973
Effective Gross Income: $46,973

Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Estimated Expenses

Market Rents (Annual): N/A
Rent Gap: N/A
Property Tax Rate: N/A
Property Tax (Base): N/A
Other Program Fee: N/A
Business License Fee: N/A
Rent Board Fee: N/A
Property Management: N/A
Resident Manager: N/A
Turnover Costs: N/A
Property Tax (Additional Assessments): N/A
Maintenance, Repairs, and Reserves: N/A
  • Gas & Electricity N/A
  • Other Utilities N/A
  • Insurance N/A
  • Landscaping N/A
  • Pest Control N/A
  • Garbage N/A
  • Water & Sewer N/A
  • Janitorial N/A
Unit Mix Tenant Status Unit Size Number of Units Current Rent (Average) Market Rent Estimate Comments
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A

Listing Information

Listed By: Joey Wang
Source: bridgeMLS/CCAR/Bay East AOR
MLS: 41089947

Compare

389 Somerset Rd, Oakland 94611

Joey Wang

Multifamily Specialist - East Bay