6008 College Ave
12,920 SF 100% Leased Retail Building Oakland, CA 94618 $4,561,000 ($353.02/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Walk to shops and restaurants along College Avenue.
- Corner parcel located between Claremont Avenue and Rockridge BART Station.
- 2 blocks to Rockridge BART station.
- Fully leased.
EXECUTIVE SUMMARY
6000 - 6012 College Avenue is a multi-family, mixed use investment property. The two-story building has 11 residential units (10 studios, 1- 1 BR) and 3 commercial spaces, 1 cafe space, and 1office space. The building sits on a corner parcel between Claremont Avenue and Rockridge BART Station. 6000 College Avenue is 3 blocks away from the Rockridge BART. The property is fully leased and totals ±12,920 sq. ft. on ±8,033 sq. ft. of land.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$379,314
|
$29.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$379,314
|
$29.36
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$151,264
|
$11.71
|
| Net Operating Income |
$228,050
|
$17.65
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,920 SF
Building Class
C
Year Built
1923
Price
$4,561,000
Price Per SF
$353.02
Cap Rate
5%
NOI
$228,050
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.61
Lot Size
0.18 AC
Zoning
CN-1 - CN-1 Neighborhood Commercial. The intent of the CN-1 Zone is to maintain and enhance vibrant commercial districts with a wide range of retail.
Frontage
137’ on College Avenue
AMENITIES
- Corner Lot
- Restaurant
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Courtside Tennis & Pickleball - Rockridge
- Arts, Entertainment, and Recreation
- -
- -
- Industrial Gross
- Feb 2027
- Inside Out Designs
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- Oori Foods
- Retailer
- -
- -
- -
- -
- Planterday
- Retailer
- -
- -
- -
- -
- Transports
- Retailer
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Courtside Tennis & Pickleball - Rockridge | Arts, Entertainment, and Recreation | - | - | Industrial Gross | Feb 2027 | |
| Inside Out Designs | Professional, Scientific, and Technical Services | - | - | - | - | |
| Oori Foods | Retailer | - | - | - | - | |
| Planterday | Retailer | - | - | - | - | |
| Transports | Retailer | - | - | - | - |
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 014-1267-013-00 | Improvements Assessment | $902,060 (2024) |
| Land Assessment | $379,527 (2024) | Total Assessment | $1,281,587 (2024) |
