Levin Johnston Of Marcus & Millichap Brokers $8.1M Sale Of Mixed-Use Property In Oakland
316 12th Street
$8,100,000
Building Size
—
Asset Type
Mixed-use
Closing
Apr 6, 2026
AI
316 12th Street is a recently redeveloped five-story mixed-use property situated in Downtown Oakland. The asset comprises 27 apartments along with two retail/office suites and has a sale price of $8,100,000. This transaction reflects roughly one-third of its original development cost exceeding $20 million, indicative of the current market dynamics in the area.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,100,000
- Address: 316 12th Street
- Market: Oakland
- Number of Apartments: 27
- Number of Retail/Office Suites: 2
Levin Johnston of Marcus & Millichap represented the deal, which generated multiple offers amidst sustained investor interest in distressed opportunities within the Bay Area.
Players
Oakland Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93