Bella Vista Gardens is a stately 1920’s 5-unit apartment building and a single family home perched on a gentle slope next to Ivy Hill, just over 1 mile east of Lake Merritt in Oakland CA. The wood-framed stucco 5-plex has two 2-bedroom 1-bath units and three 1-bedroom 1-bath units and a non-conforming studio. The brown shingle home has 3 bedrooms and 2 bathrooms on an adjacent lot with the potential for development.

* Two Parcels
* Assumable 3.8% Loan
* 2-Car Garage
* 20% Upside in Rents
* Development Opportunity H 1.5 Miles from Lake Merritt




The property has a 2-car garage at the base of the single family home which is surrounded by lush gardens and mature fruit trees. Residents benefit from easy access to the I-580, bay views, remodeled units, and plenty of open space. A new owner has the opportunity to split the lots by adding a sewer line and develop the site by adding square footage or a possible ADU. There is approximately 20% up- side in the rents.

CASTRO METRO APARTMENTS, 14-Units Turn Key Investment

FOR SALE – NEW PRICE! $150K Price Reduction: $4,950,000  



  • Absolute Stabilized Turn-Key Investment
  • 14 Gated Parking Spaces
  • In Unit Washer/Dryer In Each Unit
  • 1 Block from San Leandro BART
  • No On-Site Manager Needed
  • 5.3% Cap Rate
  • No Rent Control!

Castro Metro Apartments is a 1960’s style wood frame stucco turn key apartment complex located just steps from downtown San Leandro and directly across the street from San Leandro BART station. Tenants benefit from fully renovated units with new kitchens and baths and in-unit washer/dryers as well as secure gated parking and individual storage lockers.


The two story garden apartment has an outstanding unit mix comprised of four 1-bedroom 1-bath units and ten 2-bedroom 1-bath units with excellent floor plans. The slate tiled and redwood clad foyer greets residents as they enter a fully parked common area surrounded by drought tolerant vegetation with irrigation system.



North Oakland Industrial compound, sprawling property in close proximity to MacArthur BART. 17 individual tenants all on month-to-month leases. Perfect for owner user or development.

  • .5 Miles from MacArthur BART
  • Outstanding value at $158/Sqft
  • Multiple buildings, flexible use
  • Highly desirable neighborhood
  • 15,000 Sqft lot


Industrial warehouse for sale in Oakland California. Located in the 880 corridor with 100′ of hwy frontage. Zoned HBX-2, 550 Sqft with roll up doors and interior parking. Listed at $1,785,000, tenant on month-to-month lease.

  • Green Zone approved manufacturing and distribution
  • 100′ of 880 frontage
  • HBX-2 Zoning, allows multiple uses
  • Includes fully built out office

Outstanding Mixed-Use Apartment Building in Berkeley For Sale – SOLD


  • Property Delivered Vacant
  • 6% Cap Rate at Market
  • Incredible South Berkeley Location
  • Spacious 3bd Residential Units
  • 1⁄2 Mile from Ashby BART
  • New Paint and Flooring
  • Granite Countertops, New Appliances


Myerhoff & Associates exclusively presents this outstanding commercial corridor mixed-use property in the heart of South Berkeley Adeline business corridor.

This elegant 1920’s style wood frame and stucco mixed-use 6-unit building is located in the burgeoning Adeline Business Corridor with favorable C-SA zoning allowing a wide variety of retail uses. Delivered entirely vacant.

The property consists of two ground floor side-by-side commercial units approximately 1200/sqft each. The upper two floors are residential units each with 3 bedrooms and 1.5 bath accessed via interior stairwell. There is a small shared backyard and rear decks off the two top floors.

Harmon Financials


Berkeley is ranked 8th highest rental market in the Bay Area and the No. 1 most expensive college town in
the country. Significant lack of housing and extremely restrictive building climate combined with exorbitant construction costs provide barriers of entry into this unique sought after market. The subject property offers an owner user or new investor the opportunity to buy into a high traffic commercial corridor at substantially below new construction costs.

Screen Shot 2018-09-27 at 6.44.35 AM


Located in South Berkeley in the highly sought after Adeline business corridor and just 1⁄2 mile south of the Ashby BART station. The subject property is in an outstanding location for both Cal Berkeley students, spill over San Francisco tech workers, and owner users.



3207 Telegraph Withdrawn

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Associated Disclosure Documents:

Download Marketing Flyer
Inspection Reports


Telegraph Corner is a fantastic six-unit, mixed-use property situated in the Pill Hill neighborhood of Oakland, California. This gorgeous Victorian gem consists of two studios, two 1-bedroom units, a massive full-floor 2-bedroom penthouse, and a ground-floor commercial unit. All of the residential units but the penthouse have been remodeled with granite countertops and new appliances, designer tile, new fixtures, and refinished hardwood or pergo floors.

Much of the interior has original period detailing, coved ceilings, and light-filled rooms. The stately Victorian structure sprawls across an oversized corner lot and is graced with original redwood siding shingles and a circular turret. There is gated parking for 5 cars as well as a private yard.


  • Excellent Value at $284/sqft
  • Outstanding Pill Hill Location
  • New Kitchens and Baths
  • Gated Parking for 5 Cars
  • Walk to Bart
  • 5% Cap Rate





Rental Income






Scheduled Gross Income



Vacancy @3%



Effective Gross Income



Less Operating Expenses

Property Taxes



Special assessments















Gas & Electric



Total Operating Expenses



Net Operating Income



Exp. % of EGI



Exp. per unit



Purchase Price



Down Pmt @ 35%



New 1st loan @ 3.65%






Annual Debt Service



Cash Flow




Unit Type




3207 Tel.





3205 Tel.

Lg Studio




502 32nd St

1 bd 1 ba




504 32nd St

Small 1bd




506 32nd St

Studio sm




3201 Tel.









Parking 3205



Parking 502



Parking 504


Parking 506


Parking 3207






Expense and Loan Notes:

Property taxes est. new at 1.34% Special assessments 3 year average License est. on current gross rents Insurance actual 2017

EBMUD actual 2017 annualized
WM actual 2017 annualized
PG&E 2017 annualized
*Expenses are unusually low due to commercial tenant *Loan assumes 3.65% 5 year fixed, 30 year amortization *Loan quote provided by Will Craun Opus Bank


The subject property offers a new owner the opportunity to buy into one of the hottest real estate markets worldwide in a rapidly globalizing city. For the past three years, Oakland has consistently ranked in the top 5 for appreciation and rent growth within the U.S.

Oakland is home to the Warriors, the Raiders, and the A’s, and is a port city with an international airport and an extremely diverse job force.

There is a housing crisis that will continue to ensure high rent demand in this sub-market, particularly due to the proximity to BART.



Cap Rate









Price/Sq. Ft.



Cash on Cash



Principal Pay down yr 1



Combined Return



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Screen Shot 2017-05-01 at 5.53.27 AM

Property Description
$100k Price Reduction. New cap rate 6%.
The BART Garden Apartments is a two-story, 8-unit apartment building for sale in Oakland California. This substantially renovated Garden-style building has undergone extensive renovation over the past two years, including new windows in all but one unit. Over the past year, the foundation has been engineered and seismically retrofitted, as well as the complete remodel of five units including in-unit washer/dryers and tankless hot water heaters. Please refer to the full list of capital improvements for more details.


  • *Over $138k in Gross Income
  • *1 Block to BART
  • *New Foundation
  • *Excellent Unit Mix
  • *Fully Gated Property
  • *One Vacant Unit

The subject property is centrally located in the inner San Francisco Bay Area just steps from Fruitvale Transit Village in Oakland California. Fruitvale Transit Village is a model showcase of retail, housing and public transportation. This property is directly in the path of progress. Office space on this same block has been leased by Google, and just 3 BART stops away Uber is opening its Oakland headquarters this year. Gentrification is occurring in every direction. The BART Garden Apartments are poised to appreciate into the foreseeable future, benefiting from continued technology spending and the San Francisco spill over. Oakland rent growth is outpacing nearly every other city in the U.S.

Bart Garden Apartments Financials

Price $1,545,000 Commission Split 2.5%
No. Units 8 Cap Rate 6%
Building Size 4,516 SF Gross Rent Multiplier 10.9
Price/Unit $193,125 No. Stories 2
Property Type Multifamily Year Built 1918
Property Sub-type Garden/Low-Rise Lot Size 4,270 SF
Property Use Type Investment  


This fantastic small apartment building for sale in Oakland California has a 6% cap rate. The commercial real estate for sale in Fruitvale is in one of the hottest real estate markets worldwide in a rapidly globalizing port city. For the past three years, Oakland has consistently ranked in the top 5 for appreciation and rent growth within the U.S. Oakland is home to the Warriors the Raiders and the A’s, and is a port city with an extremely diverse job force and an international airport. There is a housing crisis that should continue to ensure high rent demand in this sub market, particularly due to proximity to BART.

Market Data

Jun 16 vs. 3 mo. prior Y-O-Y


$206,014.00 +2.9% +13.1%


$329,332.73 +4.0% +21.0%


$219,993.20 +7.3% +8.6%


$198,569.72 +12.9% +12.7%

Current Oakland multi family market trend data indicates an increase of +12.9% in the median asking price per unit for compared to the prior 3 months, with an increase of +12.7% compared to last year’s prices. County-wide, asking prices for Multifamily properties are 7.3% higher at $219,993 per unit compared to the current median price of $198,570 per unit for Multifamily properties in Oakland, CA. From Loopnet.



*Final Open House Sun 5/1/16 11AM-12PM Tues 5/3/16 1PM-2PM*

 Please email us if you plan to attend
Call for offers 5/4/15

Property Description
Mission Studios is a 1920’s era three story wood frame apartment building with a parapet façade and cement tile and redwood siding. It is master metered for gas and electric and has two unused large common areas on the second and third floors that was once used for laundry rooms.

The property is fully detached on all sides with an oversized 35’ wide lot fronting 20th Street. The spacious back yard is split down the middle into two levels, a ground level concrete patio and a grassy higher level one flight up. Units number 1, 2 and 3 are accessed via breezeways on either side of the property and one is accessed directly from 20th street. There is what appears to be an addition on the back of the building (visible via satellite photos) however there are no records indicating such changes.

Many of the windows have been upgraded to vinyl high quality double hung units, primarily in the front of the building. There is one commercial water heater on the second floor and a combination of electric and gas stoves and heaters in the units.

Screen Shot 2016-04-18 at 10.25.06 AMFeatures and Condition
The subject property has an unusual layout with interior stairways that lead up the front then down the back to access the second floor. Many of the units appear to be studios converted to small one bedroom units and have more than one entrance with little or no living rooms. Each unit has its own bathroom and kitchen however there are two units that have a detached bathroom.

Please note: There are some locked bedrooms and non conforming wall additions which appear to be sub-leased rooms without the owner’s permission. All units have significant deferred maintenance.

The subject property offers a new owner the opportunity to buy into one of the hottest real estate markets worldwide. San Francisco is rapidly transforming into an internationally recognized market, on par with Hong Kong, London and Manhattan. Mission Studios is offered at substantially below construction and or replacement costs. Our research indicates there will be an extremely high demand for housing in this neighborhood for the foreseeable future, driven by the technology sector and a lack of new affordable housing.




Less Debt Service


Cash Flow


Cap Rate






Price/Sq. Ft.



Scheduled Gross Income


Less 3% Vacancy Factor


Effective Gross Income


Less Operating Expenses

Property Taxes


Estimated @ 1.18%

Special Assessments





Est 2015



Est 2015



Est 2015



Est 2015

Total Operating Expenses


Net Operating Income


Exp. per unit


Exp. of SGI





Actual Rent

Market Rent






Jr 1 bed












1 bed*








Jr 1 bed




1 bed*







10 Vacant

Jr 1 bed






SOLD – Fairfax Apartments, Oakland CA 94601

Fairfax Apartments
2100 51st Avenue, Oakland CA 94601

Fairfax Apartments


The Fairfax Apartments is located in Oakland California, recently voted a top 5 global travel destination by the New York Times and a top 10 city for rent growth by Fortune Magazine. The subject property is situated in the Fairfax neighborhood, between Frutivale and Maxwell Park and approximately 1.5 miles east of Fruitvale Bart.

About Oakland

Oakland is in the midst of a paradigm shift fueled by the spill over effect from San Francisco where young affluent renters are being pushed over into the East Bay. Anchored by a five-year string of word class restaurants migrating into Oakland and stabilized by the emergence of a new high tech and micro food industry, Oakland is finally getting national recognition. Companies such as Pandora, Sungevity, Blue Bottle and Digital Realty are calling Oakland home and offering a diverse work force and an alternative to the congestion and over priced living in San Francisco.


Fairfax Apartments is a stately, four-story, wood-frame, stucco building designed in a classic 1920’s Art Deco style.

Living Room

Living Room

With unique architectural features such as a stair-stepped roof line and bold window framing, the building has a distinct San Francisco Marina appearance. Consisting of three studios and fifteen one  bedrooms, The Fairfax Apartment encompasses an expansive 14,266sq ft and has an excellent unit mix. Each exceptionally large unit has an additional walk-in powder room with built in cabinets. A 1000sq.ft. vacant basement with 15’ ceilings is surrounded by 12 individual garages, some of which are separately leased.

Expansive bay and mountain views from middle and top floor units

Expansive bay and mountain views from middle and top floor units

Owned by the same principal for over 20 years, this building has
endured multiple rental market cycles and has become an anchor for
the neighborhood. There are no other buildings of this size in the
immediate area. Current rents are 20% or more below market and the stabilized tenant base enjoy extremely large units that may be able to be converted from 1 bedroom to 2 bedroom units.

The current owner has conducted numerous repairs over the years including the renovation of 14 of the units, replacement of 60% of the windows, and a completely rebuilt boiler system. The roof is sloped tar and gravel and may need replacing within the next 5 years.

The offering affords the new owner an opportunity to acquire a stabilized Bay Area multi-family asset at under $100/sq.ft. with an attractive initial yield, and with substantial remaining upside. All this in a rapidly appreciating rental market with a 3.1% vacancy rate according to ReisReports.

Significant upside in rents, same owner for over 20 years.All tenants are paying on time, not a distressed sale. Some deferred maintenance but many units have been renovated. Neighborhood is stable and there are 12 garages and a huge undeveloped basement.


– 18 large apartments, 12 garages
– Grand scale with architectural features
– Under $100/sq.ft.
– Many renovated units
– Significant upside in rents

Property Pricing and Financial Analysis
Rent Roll

Nick Myerhoff
Dre# 01866318
Phone: 415.812.4450


SOLD – 1550 Bridge St.  7 Units Oakland

1550 Bridge Street
1550 Bridge Street
10% Cash on Cash Return Turn-key Remodeled Building! – Offered at $735,000

The Bridge Street Apartments is a bread and butter, wood frame and stucco, seven unit apartment building. It has high-quality tenants and has been professionally managed. The current owner has spent over 100k in capital improvements over the past three years renovating each unit and painting the exterior. The subject property has garage parking for four cars, is very low maintenance and has some upside in rents. Bridge street is one of the quietest tree lined streets in Fruitvale and is walking distance to BART. This property is located on a corner lot. Additional capital improvements include new tile and flooring, new light fixtures, remodeled bathrooms, and much more!

Bridge Street Rent Roll

Unit      Type      Current Rents
1            2bd        $ 845.00
2           2bd         $ 1,100.00
3           2bd         $ 975.00
4           2bd         $ 975.00
5           2bd         $ 1,047.54
6           2bd         $ 1,099.92
7           1bd          $ 1,000.00
Garage 1             $ 150.00
Garage 2             $ 150.00
TOTAL               $ 7,342.46

• Six blocks to Fruitvale BART
• Excellent curb appeal
• Four car garage parking
• Over 100k in capital improvements
• Turn key quality property

The property is located in Oakland’s Fruitvale neighborhood, two miles south of Lake Merritt and walking distance to Fruitvale Bart, AC Rapid Transit, shopping centers, and dining.

Recently, Fruitvale has been experiencing rapid renovation. In 2004, the Unity Council opened the Fruitvale Transit Village.

The “Fruitvale Village” has become a model of transit oriented development, showcasing a mixture of retail and housing integrated with public transportation.


Number of units: 7
Assesors Parcel Number:33-2135-25
Year Built: 1960
Number of Buildings: 1
Gross Square Footage:5141
Lot Size: 5350
Construction: Wood frame, stucco
Stories: 2
Balconies: None
Elevator: No
Roof Type: Flat, tar gravel
Heat: Gas wall furnace
Ranges: Gas
Parking: 4 garage 4 off street
Laundry: None


Income & Expenses

Gross Rental Income: $88,110 $7,342
Parking Income *separately leased: $3,600 $300
Scheduled Gross Income: $91,710
Less 5% Vacancy Factor: ($4,585)
Effective Gross Income: $87,124
Less Operating Expenses
Property Taxes ($2862 SA): ($13,233)  estimated new
Insurance: ($1,700) estimated
License and Rent Board: ($1,695) estimated
Garbage: ($3,903) actual
Utilities: ($5,538) actual
Maintenance and Repairs: ($4,585) estimated 5% of sgi
Total Operating Expenses: ($30,654) $4,328 Exp. Per unit
35.81% Exp. % of SGI
Net Operating Income:$56,470


Sale Price: $735,000
Down Pmt @ 25%: ($183,750)
New 1st Loan: $551,250
3.9% five year fixed 30 yr amortization
NOI: $56,470
Less Debt Service: ($31,201)
Cash Flow: $25,269

Value Indicators: $25,269
Cap Rate: 7.68%
GRM: 8.01
Price/Unit: $105,000
Price/Sq. Ft.: $142.97
Cash on Cash Return: 13.75%


SOLD – 1315-1319 Leavenworth Triplex – $1,500,000

Leavenworth 1315-1319
Leavenworth 1315-1319 Nob Hill Triplex

The Leavenworth Triplex is an elegant Nob Hill apartment building with original hardwood floors, period detailing and stained glass. Constructed in the early 1900’s this stately property boasts expansive four bedroom top and mid floor units and a three bedroom lower unit. The subject property has been in the same family for nearly 50 years and has maintained its original charm and character while undergoing significant upgrades such as new electric service, copper re-piping, central heating in some units, re-glazed windows and a newer roof. The top and bottom floors are tenant occupied and the middle floor is occupied by one of the owners who is a protected tenant.

The Leavenworth Triplex is located in San Francisco’s Nob Hill, one of the most spectacular neighborhoods in the city. With cable car lines, elite homes and luxury hotels such as Mark Hopkins and the Fairmont, Nob Hill remains a destination for tourists and wealthy residents.

The Leavenworth Triplex is bordered by Polk Street on the West and Chinatown on the East. It’s a quick walk downhill to the financial district making it an ideal residence for working professionals. This stately gem is literally in the center of everything in San Francisco.


Leavenworth 1315-1319_view1
Leavenworth 1315-1319_view1
Leavenworth 1315-1319_Stained Glass
Leavenworth 1315-1319_Stained Glass
Golden Gate Bridge View
Golden Gate Bridge View from top floor

• Incredible Nob Hill location
• Two huge additional storage rooms in basement
• Period detailing, marble inlay, hardwood floors, stained glass
• Golden Gate Bridge views from top floor
• Significant electric and plumbing upgrades, newer roof
• Excellent TIC opportunity
• Possible Seller Financing

· Property Tax: $3,609/Yr
· Insurance: $2,357/Yr
· Management Fee: $1,200/Yr
· Public Health Fee: $55/Yr
· PG & E (elec): $54/Yr
· SF Water Dept: $1,433/Yr

Unit No.          Current Rent
1315 2 bdrm   $1,555
1317 2 bdrm   $605 Protected tenant/owner occupant
1319 2 bdrm   $1,74

Nick Myerhoff
DRE #01866318


SOLD – 2315 Telegraph Ave, Oakland, CA 94612

2315 Telegraph Ave

2315 Telegraph Avenue, Oakland, CA 94612

Telegraph Uptown Apartments is a uniquely styled 9 unit building built in 1944. It features 3 1bedroom 1bath units and 6 studios with a fully gated lot and laundry room.

Located in Uptown in the epicenter of a thriving new cultural center, this brightly painted yellow icon offers tenants access to numerous restaurants and bars along the Broadway/Telegraph corridor. With a bustling night life and fantastic restaurants, this building has histori­cally low vacancy and stands to benefit from the increasing rents driven by local high tech firms in Oakland and San Francisco.

The subject property is in close proximity to 19th St. BART, Paramount Theater and Downtown Oakland City Center. Easy access to 980 FWY and San Francisco.

2315 Telegraph Ave - Gated Lot
2315 Telegraph Ave – Gated Lot


  • Outstanding Central Oakland Location 
  • Upside in Rents 
  • Low Maintenance Property 
  • Quiet Fully Gated Common Area 
  • Long Term Tenants
2315 Telegraph Ave Inner View
2315 Telegraph Ave Inner View
Property Information
Property Name  Telegraph Uptown Apartments
Address 2315 Telegraph Ave., Oakland, CA 94612
County Alameda
APN 008-0664-005-00
Property Characteristics
Units 9
Gross Square Footage 4,997 per county records
Lot Size 3,888 square feet per county records
Year Built 1944
Covered Parking None
Number of Buildings 1
Building Characteristics
Construction Wood frame/Siding
Stories 3
Laundry Facilities 1 washer; 1 dryer
Pool/Spa None
Unit Characteristics
Heat Gas Wall Furnace w/ single meter
Ranges Gas
Dishwashers None
Views Some from middle
Utilities Responsibilities
Cold/hot water, trash, common lights, gas Owner
None Tenants
2315 Telegraph Ave - View
2315 Telegraph Ave – View

Rent Roll                                 

Unit Type SqFt. Rent Market Rent
1 1bd 580 $750.00 $875.00
2 Studio 450 $650.00 $775.00
3 Studio 385 $650.00 $775.00
4 Studio  450 $650.00 $775.00
5 Studio 385 $650.00 $775.00
6 1bd 580 $750.00 $875.00
7 Studio 450 $650.00 $775.00
8 Studio 385 $650.00 $775.00
9 1bd 580 $750.00 $875.00
TOTAL $6,150.00 $7,275.00
ANNUAL  $73,800.00 $87,300.00
2315 Telegraph Ave - Aerial View
2315 Telegraph Ave – Aerial View
Income & Expenses
Current rent with estimated expenses Market rent with estimated expenses
Rental Income  $73,800 Rental Income $88,020
Other Income  $1,600 Other Income $1,600
Scheduled Gross Income (SGI) $75,400   Scheduled Gross Income (SGI) $89,620
Less 3 % Vacancy Factor ($2,214) Less 5 % Vacancy Factor ($4,401)
Eff ective Gross Income (EGI) $73,186 Eff ective Gross Income (EGI) $85,219
Less Operating Expenses Less Operating Expenses
Property Taxes (est. @ 1.41% + $4,262 SA) ($14,703) estimated Property Taxes (est. @ 1.4112% + $4,262 SA) ($14,703) estimated
License and Rent Board ($1,190) actual 2011 License and Rent Board ($1,190) actual 2011
Insurance ($1,700) estimated Insurance ($1,700) estimated
Utilities ($9,489) actual 2011 Utilities ($9,489) actual 2011
Maintenance and Repairs ($1,500) estimated Maintenance and Repairs ($2,500) estimated
Total Operating Expenses ($28,582) 37.91% SGI, or $3,176/unit Total Operating Expenses ($29,582) 33.01% SGI, or $3,287/unit
Net Operating Income (NOI) $44,604   Net Operating Income (NOI) $55,637  

Value Indicators

Current Market
Sale Price $740,000 Sale Price $740,000
NOI $44,604 NOI $55,637
Price/SqFt: $148.09 Price/SqFt: $148.09
Price/Unit: $82,222 Price/Unit: $82,222
Cap Rate: 6.03% Cap Rate: 7.52%
GRM: 9.81 GRM: 8.26
Cash on Cash Return: 7.15% Cash on Cash Return: 13.11%

Cash Flow Analysis

Purchase Price $740,000
Less Down Payment (25%)  ($185,000)
New Loan $555,000 3.89% / 5 Years
NOI $55,637
Less Debit Service ($31,375)
Cash Flow $24,262
Cash on Cash Return 7.15% 13.11% (market rents)


SOLD – 265 Vernon Street – 44-Unit Apartment Community

Art Deco Arms

Centrally located in Oakland’s Adams Point district, this 44-unit building is just a block from Lake Merritt and close to downtown Oakland, BART and shopping, including the Whole Foods grocery and Grand Avenue. A spacious tile entrance and lobby open onto a courtyard featuring a sparkling swimming pool.

Fifteen apartments overlook the pool and fourteen apartments in the rear of the property have balconies overlooking downtown Oakland and San Francisco. Strong on-site management keeps the property looking pristine at all times.

The unit mix is 40 one-bedroom units, a 3-bedroomunit, two 2-bedroom units and a studio for a total of 44 units. Units are very well laid out and most have a large walk-in linen closet/pantry. Within the last seven years, the property has undergone extensive renovation, including balconies, Art Deco façade, pool and pool deck, pool equipment, some windows, several kitchens and bathrooms, walkways, hot water holding tanks, laundry rooms and more.

> Well positioned for future rent growth
> Incredible location, low vacancy rate
> No deferred maintenance
> Architect designed facade and professional landscaping


265 Vernon St . Oakland, CA 9 4 6 1 0
Number of Apartments:       44- units
Assessor’s Parcel Number:  010-0795-011-00
Year Built:                              1960
Number of Buildings:            1
Gross square footage:           27,629 square feet per cty.
Lot Size:                                  13,313 square feet per cty.
Construction:                         Wood frame over concrete
Utilities paid by owner:        Cold and hot water, garbage, common lights, water, garbage
Utilities paid by tenants:      PG&E
Stories:                                    3
Balconies:                                29
Roof type and age:                 Flat age unknown
Pool:                                         Yes
Floors:                                      Mostly carpet
Elevator:                                  1 Hydroelectric
Ranges:                                     Electric
Disposals:                                 Yes
Dishwashers:                           No
Covered parking:                    31 garage spaces
Laundry facilities:                   3 laundry rooms
Fireplaces:                               No
Views:                                      Yes
Intercom entry system:        Yes
Gated parking:                        Yes

Proforma NOI
Current Rents with Estimated Expenses
SGI                                           $561,845
less                                           3% Vac. ($16,855)
EGI                                          $544,990

Less Expenses
Property Taxes                 ($95,000) Estimated New
License                                ($8,248) Estimated
Insurance                           ($6,238) Current
PG&E                                  ($11,541) Actual 2011
Water                                  ($14,090) Actual 2011
Garbage                              ($11,697) Actual 2011
Res. Manager                     ($24,480) Free Rent + Salary
Maintenance                       ($28,092) Est. @ 5% of SGI
Misc./Reserves                  ($11,000) Est. @ $250/unit

Total Expenses                   ($210,368) 37.5% of SGI or $4,781 per unit
EGI                                       $544,990
Expenses                             ($210,368)
NOI                                      $334,622

Value Indicators
Purchase Price                   $5,825,000
Down pmt.                         @ 31% ($1,825,000)
New Loan Amount            $4,000,000
Est.                                      @ 3.7%/30 yrs.

NOI $334,622
Debt Service                      ($220,935)
Cash Flow                           $113,687
Cash on Cash                     6.23%

Cap Rate                             5.74%
GRM                                    10.4
$/Unit                                 $132,386


3227 Prentiss Street, Oakland, CA 94601

This attractive 6-unit building is located in the popular  Fruitvale District of Oakland. Each unit is 2 bedrooms, 1 bath with over 800 square feet. The apartments are spacious and well- designed with most having been upgraded. Floors are carpet and vinyl and the building is freshly painted.


The apartments are conveniently located 1 block off of Fruitvale Avenue and close to 580 and 880. Public transportation and shopping are within walking distance. Schools, parks and entertainment facilities are also within walking distance from the property.

The neighborhood predominantly consists of single-family dwellings. The Fruitvale District is going through a rebirth. This is an excellent opportunity to be part of a growing, vibrant area.


  • Upside in Rents
  • Spacious 2 Bedroom Units
  • Upgraded Units
  • Great Fruitvale Location

Price: $685,000.00
NOI: $57,022.00
Price/Sq Ft: $138.05
Price/Unit: $114,167.00
Cap Rate: 8.32%
GRM: 7.61
Cash on Cash: 13.5%

Price: $685,000.00
NOI: $47,302.00
Price/Sq Ft: $138.05
Price/Unit: $114,167.00
Cap Rate: 6.91%
GRM: 8.65
Cash on Cash: 9.4%


Unit Sq. Ft. Type Current Market
1 800 2BR/1BA $1,100 $1,250
2 800 2BR/1BA $1,100 $1,250
3 800 2BR/1BA $1,100 $1,250
4 800 2BR/1BA $1,100 $1,250
5 800 2BR/1BA $1,100 $1,250
6 800 2BR/1BA $1,100 $1,250
TOTAL  $6,600 $7,500

Assessor’s parcel #:027-0843-002-01
Year built:1961
Number of buildings:1
Gross square footage:4962 sq. ft.
Lot size:8200 sq. ft.
Construction:Wood frame
Utilities paid by owner:Cold and hot water,
Utilities paid by tenants:garbage, common lights
Balconies & patios:2
Roof type:Flat
Floors:Carpet, vinyl
Garage space/TotalParking:3/1
Laundry facility:No

Income & Expenses
Current rent with estimated expenses Market rent with estimated expenses
Scheduled Gross Income (SGI) $79,200 Scheduled Gross Income (SGI) $90,000
Less 5 % Vacancy Factor ($3,960) Less 5 % Vacancy Factor ($4,500)
Effective Gross Income (EGI) 75,240 Effective Gross Income (EGI) 85,500
Less Operating Expenses Less Operating Expenses
Property Taxes (inc. SA 1.4112 = 2574) ($12,241)estimated Property Taxes (inc. SA 1.4112 = 2574) ($12,241) estimated
License and Rent Board ($1,599) actual License and Rent Board ($1,599) actual
Insurance ($2,512) actual Insurance ($2,512) actual
PG&E ($1,000) actual PG&E ($1,000) actual
Water ($1,826) actual Water ($1,826) actual
Garbage ($3,300) actual Garbage ($3,300) actual
Maintenance ($3,960) 5% of SGI Maintenance ($4,500) 5% of SGI
Miscellaneous ($1,500) $250/unit Miscellaneous ($1,500) $250/unit
Total Operating Expenses ($27,938) 35.3% SGI, or $4,656/unit Total Operating Expenses ($28,478) 31.6% SGI, or $4,746/unit
Net Operating Income (NOI) $47,302 Net Operating Income (NOI) $57,022

3227 Prentiss Street, Oakland, CA 94601
Proposed Financing:

Down payment @ 35% ($239,750)
New 1st loan in the amount of $445,250
at 3.75% / 30 year adjustable.

Monthly payment: $2,062
Annual payment: $24,744


SOLD – 3231 Prentiss Street, Oakland, CA 94601

3231 Prentiss Street exterior

The Prentiss Apartments is an attractive five-unit building is located in the popular Fruitvale District of Oakland. Four of the units are 2 bedrooms 1 bath, with over 900 square feet, and the fifth unit is 3 bedrooms 2 baths, with over 1,000 square feet.

3231 Prentiss Street Stairs
3231 Prentiss Street Stairs

All units have front and rear entries, and the rear entries are to patios and decks. The floors are hardwood, carpet and vinyl and the building has a brand new roof. The Prentiss Apartments are spacious, well-designed and 100% occupied.

The apartments are conveniently located 1 block off Fruitvale Avenue and close to 580 and 880. There is public transportation and shopping within walking distance.

Public transportation and shopping are within walking distance. The Fruitvale District is going through a rebirth. This is an excellent opportunity to be part of a growing, vibrant area.


  • Remodeled Units
  • Covered Parking
  • Great Fruitvale Location
  • Large Units


Current Market
Sale Price:
Price/Sq Ft:
Cap Rate:
Cash on Cash:


Number of units:
Assessor’s parcel #:
Year built:
Number of buildings:
Gross square footage:
Lot size:
Roof type:
Balconies & Patios:
Covered Parking:
Laundry Facility:
Utilities paid by owner:Utilities paid by tenants:
4723 sq. ft.
7700 sq. ft.
Wood frame
Flat composite
Carpet, hardwood, laminant
Cold and hot water,
garbage, common lights


Unit Sq. Ft. Type Current Market
A 1050 3BR/2BA $1458 $1500
B 900 2BR/1BA $800 $1250
C 900 2BR/1BA $800 $1250
D 900 2BR/1BA $1050 $1250
E 900 2BR/1BA $1000 $1250
TOTAL  $5,108 $6,500

3231 Prentiss Street, Oakland, CA 94601

Proposed Financing: New 1st loan at 65% LTV in the amount of $389,350 at 4.25% fixed for 5 years amortized over 30 years.

Monthly payment: $1,913
Annual payment: $22,956

Have you ever wanted to learn how to buy small apartment buildings for cash flow? I have been doing it for nearly 15 years and I can show you how. Call Nick at 415-812-4450

I have a list of the top 10 properties, call or email me if you would like to have it.


SOLD – 802 56th  St. Oakland , CA 94608­

802 56th Street Oakland
802 56th Street Oakland

Attractive  4­plex  in  North  Oakland  near  Children’s  Hospital.  Three  apartments  on  the  ground  floor  and  a  large  two ­bedroom  apartment  on the  entire  second  floor  occupied  by  a  younger  long  term  tenant  at  low  rent ,  but  ideal  for  an  owner  occupant .  Offers  off- ­street  parking  and nice  landscaping.

Orig.  Price: $389,000

List  Price: $369,000


Total  Units:      4

Building  Sq  Ft:    2374

Year  Built:            1953

Lot  Sq  Ft:             5418

Unit  No. 802 804 806 808
Approx. Sq  Ft 1250 475 600 350
Monthly Rent 1030 700 700 650
Occupant Tenant Tenant Tenant Tenant
Bedrms 2 1 1 0
Baths 1 1 1 1
Pkg  Spc 1 1 1 1
Din  Rm
Refrig Yes Yes Yes Yes
Range/Oven Yes Yes Yes Yes
Deposits: 9999 Rental  Income: 9999
Gross  Oper  Inc: 9999 GrossSched  Inc: 36960
AnnualTaxes: 9999 Ann  Maintenance: 9999
Ann  Insurance: 9999 Mgmt  Expense: 9999
Expense  Year : 9999 Fin  Data  Source: Owner
Misc  Income: 9999 Ann  Vacancy  Exp: 9999
Fee  Gross  Inc: 9999 Net  Oper  Income: 9999
Annual  Utilities: 9999 Other  Expenses: 9999
License  Exp: 9999 Total  Ann  Oper  Expnse: 9999
COOLING No Air Conditioning
DISCLOSURES Owner is Lic Real Est Agt, Rent Control
Other­Call/See  Agent
EXISTING  LEASE  TERMS Written Agreement
EXTERIOR Stucco, Wood Shingles
HEATING Wall Furnace
POSSESSION COE, Tenant’s Rights
ROOF Unknown
TENANT  PAYS Electric, Gas
TERMS Conventional
WATER/SEWER Sewer System­Public


SOLD – High Street Apartments

2701 High Street, Oakland, CA 94619

32-Unit East Oakland Apartment Building 
SOLD FOR $2,915,000 By Nick Myerhoff and Link Corkery 8/12/11

2701 High Street Oakland, CA 94619

High Street Apartments was built in 1989 and is therefore exempt from rent control. It features a gated parking garage, numerous balconies surrounded by mature trees and laundry facilities. Nearly all the units are two-bedroom with desirable floor plans.

This interesting building is interconnected by exterior catwalks and corridors providing wide balconies, many of which have views of the Oakland Hills or San Francisco Bay.

An historically low vacancy rate is testament to the desirability of this building. With moderate aesthetic work this property can be transformed into a true cash-flowing gem.

This property is in close proximity to three parks, an elementary school, the 580 Fwy and not far from the Fruitvale BART station and Oakland’s Mills College.

The High Street Apartments provides outstanding cash flow of over $6000/mo in cell site income. The current owner has been offered $400,000 cash to sell the income from these sites. There is a possibility of adding more sites at this location, providing a new owner with upside in cash flow.


SOLD – The Kerwood Apartments 

32-Unit Apartment Building 
1627 High Street Oakland, CA 9 4 6 0 1 

The Kerwood Apartments is a very well located, professionally owned and operated, 32-unit apartment building comprised of  9  2-bedroom units, 21 1-bedroom units, and a pair of penthouse suites with 180 degree views. This distinctive 3 story building is a landmark of High Street.

Situated in the epicenter of a culturally thriving community and the newly established Mi Pueblo Food Center, The Kerwood is within 1 mile of the Fruitvale BART station and in close proximity to Mills College.

Laundry on each floor, a high quality over sized elevator and ample secure underground parking round out the highest quality apartment on High Street.


Current             Market

Price:                       $2,695,000      $2,695,000

Price/Unit:            $84,219             $84,219

Price/SqFt:            $98.44               $98.44

Cap Rate:                7.17%                 8.29%

GRM:                       7.56                     6.76

Cash on Cash        10.85%                14.59%


>  Upside in Rents

>  Located 1 mi. from BART

>  Secure Underground Parking

> Great Unit Mix

> Elevator from Garage to Penthouse


Number of Apartments: 33

Assessor’s Parcel Number:  35-2353-8

Year Built: 1965

Number of Buildings: 1

Gross square footage: 27,377 sqft.

Lot Size: 11,550 sqft.

Construction: Wood frame over,concrete pkng. garage

Util. paid by owner: Cold and hot water, common lights, common gas, garbage.

Util. paid by tenants: PG&E

Stories: 4

Balconies: Yes

Elevator: 1

Roof type and age: flat, rolled fiberglass

Floors:  Carpets, tile and lino.

Heat: Electric

Ranges: Electric

Disposals: Yes

Dishwashers: No

Covered parking spaces: 28 garage spaces plus 4 carports

Laundry facilities: One laundry room per floor,  1 w/d each

Fireplaces: No

Views: Yes

Intercom entry system: Yes

Gated parking garage: Yes

Individual storage lockers: Yes


                                      CURRENT   MARKET

current rents with

pro-forma expenses

Rental Income (SGI) $356,304    $398,640

Laundry Income        $6,000         $6,000

Parking Income         $8,052          $12,000

Other Income             $1,200          $1,200

less 5% Vac.                ($18,578)     ($20,892)

Effective Gross           $352,978     $396,948

Income (EGI)

The Kerwood has the right balance of convenience, location and style.  The lobby has a beamed ceiling and the building is encompassed by high quality iron gates providing tenants with a real sense of privacy and security. Underground parking consists of 28 spaces with 4 additional covered spaces outside.

SOLD – Pueblo Alegre Condo Complex

1800 57th Avenue Avenue

26-Unit REO Condominium Community

SOLD by Nick Myerhoff  for $1,020,000 in 2010

1800-1812 57th Avenue, Oakland, CAThis urban oasis consists of 26 condominiums currently being rented as apartments. The seller, which acquired the property through foreclosure in December 2008, owns 25 of 26 condominiums and intends to convey all 26 at close of escrow.

Pueblo Alegre is a gated community consisting of two 4-plexes built in 1986 containing three bedroom/two bath units, and 18 studio and one-bedroom Spanish-style cottages built in 1929, with parking for all units in the rear.

Most of the units have upgraded kitchens that include granite counters, new cabinets, new appliances and tile flooring, new bathrooms, new flooring, new windows, new heaters, crown molding on walls, upgraded electrical service and much more. Two studios and two one-bedroom units are vacant and in various stages of readiness, and will be delivered “as is.”


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