Log In/Sign Up
Your email has been sent.
5687 Miles Ave 11 Unit Apartment Building $6,630,620 CAD ($602,784 CAD/Unit) 6.01% Cap Rate Oakland, CA 94618
INVESTMENT HIGHLIGHTS
- 6.01% Cap Rate / 11.09 GIM (Gross Income Multiplier)
- Surrounded by College Ave shops and retail (Trader Joes, Market Hall, Zachary’s Pizza, Starter Bakery, Safeway)
- High end interior finishes
- Unparalleled location on Miles Ave at College Ave (just steps from Rockridge BART Station)
- Significant additional income from rooftop antenna leases
- Rockridge Urban Village lifestyle (Walk Score of 97)
EXECUTIVE SUMMARY
We are pleased to present 5687 Miles Avenue, an exceptional 11-unit multifamily investment opportunity located in Oakland's premier Rockridge neighborhood. This trophy asset offers investors a rare combination of stable residential income as well as substantial commercial revenue through long-term wireless carrier roof top leases. The property's strategic positioning directly across from the Rockridge BART station provides unmatched connectivity to major employment centers, with 22-minute access to San Francisco's Financial District and seamless highway connectivity via Route 24.
The building's desirable unit mix of studios through two-bedroom apartments commands strong rents in a neighborhood characterized by affluent demographics, including a median household income of $212,638 and exceptional walkability (Walk Score 97/100).
Rockridge's urban village atmosphere, anchored by the vibrant College Avenue corridor with its acclaimed restaurants, boutique shopping, and essential services all within walking distance, ensures consistent tenant demand from the area's highly educated professional workforce. The unique wireless lease income effectively adds the equivalent of additional rental units without associated management overhead, creating a truly differentiated investment profile that combines the stability of multifamily housing with the security of infrastructure-essential commercial income. This rare offering represents an opportunity to acquire a cash-flowing asset in one of the East Bay's most coveted neighborhoods, where strong fundamentals and demographic trends support both immediate returns and long-term value appreciation.
The building's desirable unit mix of studios through two-bedroom apartments commands strong rents in a neighborhood characterized by affluent demographics, including a median household income of $212,638 and exceptional walkability (Walk Score 97/100).
Rockridge's urban village atmosphere, anchored by the vibrant College Avenue corridor with its acclaimed restaurants, boutique shopping, and essential services all within walking distance, ensures consistent tenant demand from the area's highly educated professional workforce. The unique wireless lease income effectively adds the equivalent of additional rental units without associated management overhead, creating a truly differentiated investment profile that combines the stability of multifamily housing with the security of infrastructure-essential commercial income. This rare offering represents an opportunity to acquire a cash-flowing asset in one of the East Bay's most coveted neighborhoods, where strong fundamentals and demographic trends support both immediate returns and long-term value appreciation.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,630,620 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $602,784 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 6.01% | Building Size | 7,295 SF |
| Gross Rent Multiplier | 11.09 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | ||
| Zoning | commercial | ||
| Price | $6,630,620 CAD |
| Price Per Unit | $602,784 CAD |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Gross Rent Multiplier | 11.09 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 7,295 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1922 |
| Zoning | commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $3,309 CAD | 505 - 775 |
| 2+1 | 4 | $4,558 CAD | 775 |
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 014-1266-006-00 | Improvements Assessment | $5,267,178 CAD |
| Land Assessment | $1,755,725 CAD | Total Assessment | $7,022,903 CAD |
PROPERTY TAXES
Parcel Number
014-1266-006-00
Land Assessment
$1,755,725 CAD
Improvements Assessment
$5,267,178 CAD
Total Assessment
$7,022,903 CAD
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
5687 Miles Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.