Back to Dashboard

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

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

Opportunity

The property’s 7.97% cap rate and estimated 12.58% cash-on-cash return provide strong current yields, with significant upside through value-add renovations that could increase NOI by 15–20% and drive substantial equity appreciation.

Market Insight

Risk

Aging infrastructure (built in 1915) may require capital expenditures, and market volatility in Oakland poses risks, but these can be mitigated through thorough inspections, phased renovations, and adaptive leasing strategies.

Market Insight

Strength

Located in a high-demand Oakland zip code with R4 zoning, the asset benefits from urban accessibility, stable occupancy, and long-term appreciation potential due to market trends and densification options.

$2,299,999
Investment Value
7.97%
CAP Rate
📈 Strong 7.97% cap rate vs market average.
$183,323
Annual NOI
💰 High NOI demonstrates strong operational efficiency.
6,104 SF
Rentable Area
🏢 Optimal size for institutional investors.
$376.80
Price per SF
🎯 Attractive price per SF vs comparable properties.

Oakland, CA Multifamily Property Overview

  • Multifamily Building located in Oakland, CA
  • Built in 1915
  • On-site parking with 8 spaces
  • Strong cap rate of 7.97%
  • 6,104 SF of rentable area

Property Details

Year Built 1915 Building Type Multifamily
Total Size 6,104 SF Zoning R4
Parking Spaces 8 Property Tax Rate 1.71%
Cap Rate 7.97% Annual NOI $183,323
Price $2,299,999 Price/SF $376.80
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

Calculating...

💵 Cash on Cash Return

Calculating...

🚀 Internal Rate of Return

Calculating...

🏛️ Property Tax Analysis

Calculating...

* 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

Advertisement

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

Key questions for informed investment decisions

What is the core investment thesis for this property? +
The core investment thesis centers on a high-cash-flow value-add opportunity in Oakland's resilient multifamily market. This six-unit Class C apartment building, built in 1915, offers a strong in-place cap rate of 7.97%, providing immediate cash flow. With a price per unit of $383,333—below the Oakland average—and R4 zoning that supports density, the property presents significant upside through strategic renovations. Investors can target appreciation by upgrading units to increase rental income, leveraging Oakland's urban revitalization and rental demand growth. It's ideal for those seeking both current yield and long-term equity build-up in a high-demand location.
What are the key financial metrics and projected returns? +
Key financial metrics include a purchase price of $2,299,999, a cap rate of 7.97%, and a price per square foot of $376.80. Based on standard assumptions (25% down payment, 5% interest rate), the estimated annual Net Operating Income (NOI) is $183,323, leading to a projected cash-on-cash return of 12.58%. The Gross Rent Multiplier (GRM) is estimated at 12.78, assuming average rents of $2,500 per unit per month. These metrics indicate strong cash flow potential and market competitiveness, with room for improvement through value-add initiatives that could boost NOI and returns further.
How does the location impact the investment's potential? +
Located at 5476 Vicente Way in Oakland's 94609 zip code, the property benefits from proximity to major employment hubs (e.g., downtown Oakland, San Francisco), transportation corridors like I-580, and local amenities. This urban setting drives consistent rental demand and supports rent growth, with Oakland's ongoing revitalization enhancing long-term appreciation. The R4 zoning allows for higher density, adding strategic optionality for future development. The area's strong job market and limited housing supply make it a stable market for multifamily investments, reducing vacancy risks.
What are the primary risks, and how can they be mitigated? +
Primary risks include aging infrastructure (built in 1915), which may require capital expenditures for maintenance; market volatility due to economic cycles or rent control policies in Oakland; and operating expense uncertainty without exact historical data. Mitigation strategies involve conducting a thorough property inspection to budget for phased renovations, diversifying with long-term leases and staying informed on local regulations, and using a conservative 40% operating expense ratio as a baseline while implementing cost-control measures. Tenant turnover in Class C properties can be managed through responsive management and incremental upgrades to improve retention.
What specific value-add opportunities exist? +
Value-add opportunities include renovating unit interiors (e.g., kitchen and bathroom upgrades) to increase rents from an estimated $2,500 to $2,800–$3,000 per month, improving common areas, and adding energy-efficient systems to reduce operating expenses. The Class C rating offers upside to elevate the property to Class B, potentially boosting NOI by 15–20%. Additionally, optimizing the parking (8 estimated spaces) for additional revenue, implementing proptech for operational efficiency, and leveraging R4 zoning for potential densification are strategic avenues. A phased renovation plan over 2–3 years can maximize returns while minimizing tenant disruption.

Things Near 5476 Vicente Way, Oakland, CA

Rockridge BART Station

0.8 miles

College Avenue Shopping District

0.5 miles

Temescal Regional Recreation Area

1.2 miles

Claremont Middle School

0.7 miles

A16 Rockridge (Italian Restaurant)

0.6 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
Advertisement

Community Discussion

Share your thoughts and insights about this property

0 commentsLast activity: Never

Be the first to comment!

Start the conversation about this property.