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Price Reduction! 1255 26th St 13 Unit Apartment Building $2,695,000 ($207,308/Unit) 8.92% Cap Rate Oakland, CA 94607

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EXECUTIVE SUMMARY

The "Noodle Factory" is a 13 unit Live/Work loft-style building located in the McClymonds neighborhood of West Oakland. The property consists of 11 Live/Work lofts and 2 commercial condos. Units have radiant floor heating, granite countertops and double paned windows. Some units have decks for outdoor space. Each unit has it's own APN allowing a new owner a possible future exit through condo sales.
The Noodle Factory is located in the McClymonds neighborhood of West Oakland. The building boasts a Walkscore of 89 and tenants are able to walk to McClymonds Mini-Park and Poplar Playground. Tenants also have quick access to both highways 80 and 580.

Noodle Factory OM 2.695

PROPERTY FACTS

Price	$2,695,000	Apartment Style	Low-Rise
Price Per Unit	$207,308	Building Class	C
Sale Type	Investment	Lot Size	0.19 AC
Cap Rate	8.92%	Building Size	15,975 SF
Gross Rent Multiplier	7.6	No. Stories	2
No. Units	13	Year Built	2008
Property Type	Multifamily	Parking Ratio	0.88/1,000 SF
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M40, Oakland

Price	$2,695,000
Price Per Unit	$207,308
Sale Type	Investment
Cap Rate	8.92%
Gross Rent Multiplier	7.6
No. Units	13
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.19 AC
Building Size	15,975 SF
No. Stories	2
Year Built	2008
Parking Ratio	0.88/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M40, Oakland

UNIT AMENITIES

Air Conditioning
Kitchen

Refrigerator
Oven

Tub/Shower

Deck

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
Studios	13	-	-

1 1

Walk Score®

Very Walkable (88)

Bike Score®

Biker's Paradise (92)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	005-0439-027-00	Improvements Assessment	$520,960
Land Assessment	$223,162	Total Assessment	$744,122

PROPERTY TAXES

Parcel Number

005-0439-027-00

Land Assessment

$223,162

Improvements Assessment

$520,960

Total Assessment

$744,122

(415) 640-6411

CONTACT

Matt Treadway
The Lapham Company, Inc.

Listing ID: 31680786
Date on Market: 5/2/2024
Last Updated:
Address: 1255 26th St, Oakland, CA 94607

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