Oakland 94612 · Downtown · APN 8-651-18-1 · Oakland
Since — within ½ mile: 337 homes completed, 101 permitted, 384 proposed or in review (402 of them deed-restricted affordable).
11 projects with a record in this window, grouped by us from permits and State housing reports. Units are as proposed on each project's latest record and counted at its current stage.
No permit activity recorded within ½ mile.
$192,000
Benchmark range: $169,000 – $215,000
Public-records benchmark estimate combining Zillow Home Value Index (Data provided by Zillow), Census ACS 5-year estimates, parcel land-use/lot characteristics, and issued building permits. Not an official appraisal.
We don't have building permits for Oakland, so we can't show what has been permitted nearby.
Permit counts, by the date issued (or applied, if not yet issued). Lot splits are planning cases, which we don't have.
We read public zoning and hazard maps against state law (ADUs: Gov. Code 66314; SB 9: Gov. Code 65852.21 and 66411.7). Local rules, title, tenancy history and site conditions can change the answer. Check with Oakland's planning department before relying on it.
Sources: City of Oakland Planning & Building, Zoning (base zones, effective 2024-12-17) (retrieved Oct 26, 2026) · CAL FIRE Office of the State Fire Marshal, Fire Hazard Severity Zones in the State Responsibility Area (effective 2024-04-01) (retrieved Oct 26, 2026) · CAL FIRE Office of the State Fire Marshal, Fire Hazard Severity Zones in the Local Responsibility Area (map dated 2025-03-24) (retrieved Oct 26, 2026) · FEMA, National Flood Hazard Layer — flood hazard zones (retrieved Oct 26, 2026) · FEMA, National Flood Hazard Layer — FIRM panels (retrieved Oct 26, 2026) · California Geological Survey, Alquist-Priolo Earthquake Fault Zones (retrieved Oct 26, 2026) · Zoning classes: our classification of D-DT-C as mixed use, from the code's name only
Chronological history of building permit applications and issuances, snapshot-dated status changes, State housing entitlements, surrounding development within ½ mile, and area home-value trends.
In "Entitled" for 8.8 yr (since Jan 22, 2018), with no new permit record in 8.8 yr. · 184 units
In "Entitled" for 8 yr (since Nov 7, 2018), with no new permit record in 8 yr. · 357 units
In "Entitled" for 6.3 yr (since Jul 2, 2020), with no new permit record in 6.3 yr. · 2 units
In "Entitled" for 6.3 yr (since Jul 23, 2020), with no new permit record in 6.3 yr. · 225 units
In "Entitled" for 6.1 yr (since Sep 30, 2020), with no new permit record in 6.1 yr. · 97 units
In "Entitled" for 5.9 yr (since Dec 7, 2020), with no new permit record in 5.9 yr. · 1 unit
Latest published Zillow Home Value Index (ZHVI) update
Changed from $569,954 in September 2025 to $530,669 in September 2026.
Source: Zillow Home Value Index (ZHVI) · Data provided by Zillow · Geography: ZIP 94612 (not a parcel appraisal)
97 units · 96 affordable
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
284 units · 281 affordable
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
1 unit
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Annual ZIP 94612 home-value index checkpoint
Changed from $646,528 in September 2024 to $569,954 in September 2025.
Source: Zillow Home Value Index (ZHVI) · Data provided by Zillow · Geography: ZIP 94612 (not a parcel appraisal)
5 units
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
94 units · 10 affordable
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
1 unit
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
330 units · 15 affordable
Records span Jan 28, 2022 to Feb 7, 2025 (0 permits).
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
1 unit
Records span Oct 9, 2023 to Jan 3, 2025 (0 permits).
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
1 unit
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
2 units
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Annual ZIP 94612 home-value index checkpoint
Changed from $692,096 in September 2023 to $646,528 in September 2024.
Source: Zillow Home Value Index (ZHVI) · Data provided by Zillow · Geography: ZIP 94612 (not a parcel appraisal)
88 units · 9 affordable
Records span Aug 19, 2020 to Jul 23, 2024 (0 permits).
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Cross-referenced intelligence from our historical development graph—connecting parcels, permits, entity-resolved builders, empirical review-time distributions, and neighborhood renovation trends.
Explore full Oakland development graph →Active in "Entitled" for 8 yr (first record Nov 7, 2018) with no new permit activity recorded in 8 yr. High-impact scale (357 housing units, 20 deed-restricted affordable across 0 permits).
Active in "Entitled" for 8.8 yr (first record Jan 22, 2018) with no new permit activity recorded in 8.8 yr. High-impact scale (184 housing units across 0 permits).
Active in "Entitled" for 5.7 yr (first record Feb 16, 2021) with no new permit activity recorded in 5.7 yr. High-impact scale (114 housing units across 0 permits).
Active in "Entitled" for 6.1 yr (first record Sep 30, 2020) with no new permit activity recorded in 6.1 yr. High-impact scale (97 housing units, 96 deed-restricted affordable across 0 permits).
Active in "Entitled" for 2.4 yr (first record Jun 4, 2024) with no new permit activity recorded in 2.4 yr. High-impact scale (197 housing units, 20 deed-restricted affordable across 0 permits).
Active in "Entitled" for 4 yr (first record Oct 17, 2022) with no new permit activity recorded in 4 yr. High-impact scale (58 housing units, 57 deed-restricted affordable across 0 permits).
HUD Small Area Fair Market Rent · ZIP 94612
HUD FY 2026 · 40th-percentile gross rentCensus ACS 5-year median gross rent (all bedroom counts combined):
Area home-value benchmarks (not an appraisal)
ZIP & neighborhood mediansUnder California Proposition 13, the seller's historical assessed value does not carry over to a buyer. On sale, the parcel is reassessed at the purchase price: 1.00% base rate ($1,900/yr) + local voter-approved bond debt ($418/yr) + fixed direct levies/Mello-Roos ($450/yr).
Insurance & hazard context:
+$12,051/yr
Cash needed: $41,800
NOI: $23,580/yr
P&I: $961/mo
For $0/mo net cash flow
At $3,050/mo rent
| Scenario | Assumptions | Year 1 Rent | Year 1 Cash Flow | Cash-on-Cash | Break-Even Rent | Year 5 Cash Flow |
|---|---|---|---|---|---|---|
| Conservative | −8% starting rent, +3% vacancy, +3% combined maintenance/CapEx, 1.5%/yr rent growth | $2,806/mo | +$654/mo | 18.8% | $1,893/mo | +$744/mo |
| Base (your inputs) | Your entered assumptions, 3.0%/yr rent growth | $3,050/mo | +$1,004/mo | 28.8% | $1,752/mo | +$1,268/mo |
| Optimistic (cap-limited) | +6% starting rent, 3% vacancy, 3.0%/yr rent growth (capped by local ordinance ceiling of 3.0%/yr) | $3,233/mo | +$1,205/mo | 34.6% | $1,712/mo | +$1,494/mo |
Rental regulatory context (informational only — not legal advice):
California AB 1482 (Tenant Protection Act, Civ. Code § 1947.12) caps annual rent increases at 5% + local CPI (max 10%) on covered properties. In Oakland: Oakland Rent Adjustment Program (OMC Ch. 8.22) — annual CPI adjustment (60% of CPI, capped at 3.0%) for covered pre-1983 multifamily units. Official program rules ↗
Entitled357 units20 deed-restrictedNov 7, 2018 – Nov 7, 2018
Entitled184 unitsJan 22, 2018 – Jan 22, 2018
We group related permits and State housing reports into projects. That grouping is our inference, not an official record.
No building permits are recorded for this parcel since 2016.
| Report year | Project / record | Type | Entitled | Permitted | Completed | Deed-restricted |
|---|---|---|---|---|---|---|
| 2018 | —(PLN17050) | 5+ · Renter | 184 (Jan 22, 2018) | — | — | — |
| 2018 | —(PLN17050-R01-R01) | 5+ · Renter | 357 (Nov 7, 2018) | — | — | 20 |
Source: California HCD, Housing Element Annual Progress Report — Table A2 · Geography: project (parcel) · Retrieved Oct 26, 2026 · From Oakland's Housing Element Annual Progress Reports. A project can appear in several report years as it moves from entitlement to permit to completion.
Source: City of Oakland Planning & Building, Zoning (base zones, effective 2024-12-17) · Geography: zoning district polygon at parcel point · Retrieved Oct 26, 2026
0.58 acres
Assessor's classification for assessment purposes. This is not zoning.
2044 FRANKLIN ST
Source: Alameda County Assessor / Information Technology Department, Parcel Boundaries · Geography: parcel · Retrieved Oct 26, 2026
Look up assessed values and parcel maps by parcel number 8-651-18-1. Assessed value is not market value.
Search by parcel number 8-651-18-1 (Alameda County Treasurer-Tax Collector)
The official flood hazard map for this location. Our reading of it is under What could be built here.
This site does not show owner names.