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5476 Vicente Way, Oakland, CA 94609 | Multifamily Income Property

5476 Vicente Way, Oakland, CA 94609
Featured Multifamily
REI Capital advisor
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Market Insight

Opportunity

This property offers strategic portfolio diversification in the competitive Bay Area market, with long-term appreciation potential driven by Oakland's resilient economy and cross-bay proximity to San Francisco.

Market Insight

Risk

Premium pricing and low cap rate indicate reliance on appreciation; initial negative cash flow requires capital reserves, and sensitivity to interest rate changes poses market risk.

Market Insight

Strength

Location in high-demand 94609 zip code with vibrant community, cultural diversity, and access to transportation and amenities, enhancing tenant appeal and property value stability.

$1,200,000
Investment Value
2.70%
CAP Rate
📈 Strong 2.70% cap rate vs market average.
$32,400
Annual NOI
💰 High NOI demonstrates strong operational efficiency.
1,800 SF
Rentable Area
🏢 Optimal size for institutional investors.
$666.67
Price per SF
🎯 Attractive price per SF vs comparable properties.

Oakland, CA Multifamily Property Overview

  • Multifamily Building located in Oakland, CA
  • 1,800 SF of rentable area

Property Details

Year Built N/A Building Type Multifamily
Total Size 1,800 SF Zoning N/A
Parking Spaces N/A Property Tax Rate 1.71%
Cap Rate 2.70% Annual NOI $32,400
Price $1,200,000 Price/SF $666.67
Location Oakland, CA County Alameda
REI Capital advisor
Align Your Capital Strategy

Compare direct ownership against passive CRE platform exposure.

The calculator below frames the capital, risk, and operating burden of acquiring a property directly. REI Capital provides a professionally managed alternative with institutional underwriting and a 9% target annual growth projection.

REI Capital advisor

Model your investment returns and cash flow projections

25%
5.0%
30 years
1.71%
5 years
4.0%
Down Payment Amount: $2,125,000
Loan Amount: $6,375,000
Monthly Mortgage: $34,234
Monthly Tax: $8,365
Total Monthly Payment: $42,599
Monthly Cash Flow: $1,234
Cash on Cash Return: 8.7%
Cap Rate: 6.2%
Debt Coverage Ratio: 1.54x
IRR (5 years): 12.3%
Projected Property Value: $9,854,932
Net Equity at Sale: $4,567,890
📊 Monthly Payment Analysis

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💵 Cash on Cash Return

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🚀 Internal Rate of Return

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🏛️ Property Tax Analysis

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* Calculations are estimates only. Actual returns may vary based on market conditions, financing terms, operating expenses, and other factors. Consult with financial and legal professionals before making investment decisions.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating…
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating…
Projected difference

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital strategy
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors · Private overview · PDF access

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Investment Due Diligence For 5476 Vicente Way, Oakland, CA Income Property

Key questions for informed investment decisions

What is the core investment opportunity at 5476 Vicente Way? +
The core opportunity is a strategic, long-term appreciation play in Oakland's resilient 94609 zip code. This property offers portfolio diversification within the competitive Bay Area market, leveraging Oakland's dynamic growth, cultural diversity, and cross-bay proximity to San Francisco. While immediate cash flow may be limited, the investment is designed for equity building through historical appreciation (estimated at 5% annually) and principal paydown, targeting investors with a horizon focused on wealth accumulation rather than short-term income.
What are the key financial metrics and projected returns? +
Based on estimated market data for Oakland, key metrics include an assumed property price of $1,200,000, a cap rate of 2.7%, and a Gross Rent Multiplier of 22.2, reflecting a premium Bay Area market. Initial annual cash flow is projected at -$24,300 due to high costs and mortgage payments, resulting in a Debt Service Coverage Ratio of 0.57. However, estimated annual appreciation of $60,000 (5% of property value) offsets this, emphasizing an appreciation-driven return profile. Investors should verify exact figures through local MLS data and appraisal.
Why is the 94609 zip code in Oakland considered a strong location? +
The 94609 zip code is a high-demand area known for its vibrant community, cultural diversity, and strategic positioning within Oakland. Its key advantage is cross-bay proximity to San Francisco, attracting tenants and buyers seeking relative affordability with access to a major economic hub. Oakland's market has demonstrated resilience through economic cycles, supported by ongoing development initiatives, transportation improvements, and consistent rental demand, enhancing long-term property value stability and growth potential.
What are the primary risks associated with this investment? +
Primary risks include premium pricing sensitivity (evidenced by a low cap rate and high GRM), initial negative cash flow requiring capital reserves, and reliance on appreciation in a market susceptible to interest rate fluctuations or corrections. Operating expenses are estimated at 40% of rental income, leaving limited margin for error. Additionally, the Oakland market, while resilient, faces local economic variables and potential rental market saturation. Thorough due diligence on exact expenses, taxes, and micro-location trends is essential to mitigate these risks.
Are there ways to enhance this property's returns? +
Yes, value-add opportunities exist to improve returns. Renovations or upgrades that increase rental income (e.g., modernizing kitchens/bathrooms, adding amenities) can boost Net Operating Income (NOI), thereby improving the cap rate and cash flow. Operational efficiencies, such as optimizing property management or reducing vacancy rates, may also enhance profitability. Investors should consult local experts to assess specific renovation needs, zoning allowances, and cost-benefit analyses to maximize the property's income potential and overall investment performance.

Things Near 5476 Vicente Way, Oakland, CA

Rockridge BART Station

0.8 miles

College Avenue Shopping District

1.0 miles

Mills College

1.5 miles

Joaquin Miller Park

2.0 miles

Lake Merritt

3.5 miles

About Oakland

Oakland, CA is a city with a population of 440,646 and a median age of 37.4, offering a unique blend of opportunities and challenges for investors. The median household income of $73,691 and a poverty rate of 14.8% suggest a mixed economic landscape. The city's diverse population, with 27.3% of residents being foreign-born and top ethnicities including White, Hispanic, and Asian, contributes to its cultural vibrancy. However, the poverty rate and income inequality, as indicated by a GINI coefficient of 0.485, suggest some risk. The top industries, including professional services, health care, and retail trade, provide a foundation for economic growth. With an average commute time of 34.6 minutes and a high health insurance coverage rate of 94.5%, the quality of life in Oakland is relatively high. Nevertheless, the median property value of $649,400 and median property taxes of $8,343 may pose a barrier to entry for some investors. Overall, Oakland presents a complex investment landscape that requires careful consideration of both opportunities and challenges.

Population 440,646
Median Age 37.4
Avg. Household Income $73,691
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