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Ocean View Apartments 5636 College Ave 16 Unit Apartment Building $4,606,536 CAD ($287,909 CAD/Unit) 7.18% Cap Rate Oakland, CA 94618
INVESTMENT HIGHLIGHTS
- Attractive Unit Mix: (2) Commercial units at ±1,500 SF each and (14) well-maintained studio apartments
- Excellent Transit Access: Walking distance to Rockridge BART and close to Hwy 24 & I-580—ideal for commuters and students
- Highly Desirable Rental Market: Located in an affluent, supply-constrained neighborhood with consistent demand from UC Berkeley affiliates and profess
- Prime College Avenue Frontage: High-visibility location in the heart of Rockridge, steps from vibrant retail, dining, and entertainment
- Significant Rental Upside: ~20% potential rent growth provides a compelling value-add opportunity for investors
- Well-Positioned Investment: Ideal for both long-term hold and value-add strategies with immediate income and future growth potential
EXECUTIVE SUMMARY
Pac West and the Giacomini brothers are pleased to present this excellent opportunity located in the heart of Oakland’s coveted Rockridge neighborhood. 5636 College Avenue presents a rare opportunity to acquire a well-positioned, income generating 16-unit mixed-use property along one of the East Bay’s most desirable commercial corridors.
This ±10,276 SF building comprises two spacious commercial units averaging 1,500 SF each, ideally suited for retail, service, or office tenants, and 14 residential studio apartments offering steady rental income and consistent demand. The property benefits from a strong tenant mix and excellent visibility, with high foot traffic and proximity to the Rockridge BART station, Trader Joe’s, and numerous boutique shops and restaurants.
With significant upside in rents and a premium location in one of Oakland’s most stable and sought after neighborhoods, 5636 College Ave is ideal for investors seeking a high performing asset with long-term appreciation potential.
With UC Berkeley just a short drive or bike ride away, and easy freeway access to Highway 24 and Interstate 580, 5636 College Ave is strategically positioned for both accessibility and lifestyle. Whether you’re seeking high foot traffic for a business or a dynamic place to live, this address offers a unique blend of urban energy and neighborhood warmth.
This ±10,276 SF building comprises two spacious commercial units averaging 1,500 SF each, ideally suited for retail, service, or office tenants, and 14 residential studio apartments offering steady rental income and consistent demand. The property benefits from a strong tenant mix and excellent visibility, with high foot traffic and proximity to the Rockridge BART station, Trader Joe’s, and numerous boutique shops and restaurants.
With significant upside in rents and a premium location in one of Oakland’s most stable and sought after neighborhoods, 5636 College Ave is ideal for investors seeking a high performing asset with long-term appreciation potential.
With UC Berkeley just a short drive or bike ride away, and easy freeway access to Highway 24 and Interstate 580, 5636 College Ave is strategically positioned for both accessibility and lifestyle. Whether you’re seeking high foot traffic for a business or a dynamic place to live, this address offers a unique blend of urban energy and neighborhood warmth.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$513,386
|
$49.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$25,670
|
$2.50
|
| Effective Gross Income |
$487,716
|
$47.46
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$156,980
|
$15.28
|
| Net Operating Income |
$330,737
|
$32.19
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $513,386 |
| Annual Per SF | $49.96 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $25,670 |
| Annual Per SF | $2.50 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $487,716 |
| Annual Per SF | $47.46 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $156,980 |
| Annual Per SF | $15.28 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $330,737 |
| Annual Per SF | $32.19 |
PROPERTY FACTS Under Contract
| Price | $4,606,536 CAD | Property Subtype | Apartment |
| Price Per Unit | $287,909 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.18% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 8.97 | Building Size | 10,276 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1922 |
| Price | $4,606,536 CAD |
| Price Per Unit | $287,909 CAD |
| Sale Type | Investment |
| Cap Rate | 7.18% |
| Gross Rent Multiplier | 8.97 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 10,276 SF |
| No. Stories | 3 |
| Year Built | 1922 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 546 |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 014-1264-052-01 | Improvements Assessment | $2,297,051 CAD |
| Land Assessment | $416,953 CAD | Total Assessment | $2,714,005 CAD |
PROPERTY TAXES
Parcel Number
014-1264-052-01
Land Assessment
$416,953 CAD
Improvements Assessment
$2,297,051 CAD
Total Assessment
$2,714,005 CAD
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Ocean View Apartments | 5636 College Ave
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