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1148 E 18th St
Oakland, CA 94606
OMC Lofts · Multifamily Property For Sale
·
21 Units
Investment Highlights
- Opportunity to purchase Old Mother’s Cookies (OMC) Lofts, encompassing 20 live/work lofts and one commercial unit in Oakland, California.
- Live/work lofts range from 1,018 to 2,600 square feet, averaging 1,575 square feet, with an in-place rent at $2,763/month ($1.76/SF).
- After a change of use, the OMC Lofts received a 2009 Certificate of Occupancy that exempts owners from the Oakland Rent Control Ordinance.
- Well-kept, with a completed Seismic Retrofit and Clean Phase I, the property has the potential to incorporate five ADUs into the commercial space.
Property Facts
| No. Units | 21 | Building Size | 42,895 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1922/2009 |
| Building Class | C | Parking Ratio | 0.3/1,000 SF |
| Lot Size | 0.82 AC | ||
| Zoning | RM2 - Multi Family Dwelling | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 42,895 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1922/2009 |
| Parking Ratio | 0.3/1,000 SF |
| Zoning | RM2 - Multi Family Dwelling |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
- Package Service
- Vintage Building
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | $3,000 | 1,018 - 2,600 |
Property Taxes
| Parcel Number | 021-0237-007-00 | Improvements Assessment | $6,781,347 |
| Land Assessment | $4,437,459 | Total Assessment | $11,229,411 |
Property Taxes
Parcel Number
021-0237-007-00
Land Assessment
$4,437,459
Improvements Assessment
$6,781,347
Total Assessment
$11,229,411
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