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1362-1364 E 27th St 6 Unit Apartment Building $1,225,000 ($204,167/Unit) 7.08% Cap Rate Oakland, CA 94606
Investment Highlights
- Turn-Key & Low Maintenance: Extensive CapEx including a 2025 ADU, new electrical systems, and fresh exterior paint
- Owner-User Flexibility: Brand new ADU offers luxury condo finishes ideal for a primary resident looking to offset housing costs
- Unit Mix of (4) Two-Bedroom and (2) One-Bedroom Units
- Priced to Deliver a Day-One Yield of 7.08% CAP a premium return for turn-key product
- Location: Situated in the Highland Park / Bella Vista neighborhood with access to Lake Merritt, Downtown, and the I-580 corridor
Executive Summary
Kidder Mathews is pleased to present Bella Vista Gardens 1364 East 27th Street, a meticulously renovated six-unit multifamily community situated in the heart of Oakland’s Highland Park. This asset represents a rare turn-key opportunity for investors seeking immediate cash flow or owner-users looking for a primary residence that pays for itself.
Originally constructed in 1922, the property has undergone significant improvements. The centerpiece is a newly completed (2025) detached 2BR/1BA ADU, featuring high-end condo finishes and private ingress/egress, and air-conditioning. The main building comprises three spacious 2BR/1BA units and two 1BR/1BA units, nearly all of which have seen significant interior upgrades including new flooring, updated bathrooms, modern cabinetry, and dishwashers in select units—within the last three years.
Recent capital expenditures have stripped away the "heavy lifting" typically associated with East Bay assets. Within the last six months, the property has received a fresh exterior paint scheme, new concrete walkways, upgraded main electrical panels and sub-panels, and secure perimeter fencing. With two units currently vacant, including the luxury ADU, the property offers the ultimate flexibility: achieve a 7.08% Cap Rate from day one or occupy the ADU as a premium owner-user suite while the remaining units subsidize your mortgage.
Originally constructed in 1922, the property has undergone significant improvements. The centerpiece is a newly completed (2025) detached 2BR/1BA ADU, featuring high-end condo finishes and private ingress/egress, and air-conditioning. The main building comprises three spacious 2BR/1BA units and two 1BR/1BA units, nearly all of which have seen significant interior upgrades including new flooring, updated bathrooms, modern cabinetry, and dishwashers in select units—within the last three years.
Recent capital expenditures have stripped away the "heavy lifting" typically associated with East Bay assets. Within the last six months, the property has received a fresh exterior paint scheme, new concrete walkways, upgraded main electrical panels and sub-panels, and secure perimeter fencing. With two units currently vacant, including the luxury ADU, the property offers the ultimate flexibility: achieve a 7.08% Cap Rate from day one or occupy the ADU as a premium owner-user suite while the remaining units subsidize your mortgage.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,225,000 | Apartment Style | Low-Rise |
| Price Per Unit | $204,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 7.08% | Building Size | 12,996 SF |
| Gross Rent Multiplier | 8.8 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.15/1,000 SF |
| Zoning | RM1 | ||
| Price | $1,225,000 |
| Price Per Unit | $204,167 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| Gross Rent Multiplier | 8.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 12,996 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 0.15/1,000 SF |
| Zoning | RM1 |
Amenities
Unit Amenities
- Granite Countertops
- Hardwood Floors
- Double Pane Windows
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 600 |
| 2+1 | 4 | - | 646 - 691 |
1 1
Property Taxes
| Parcel Number | 022-0356-048-00 | Total Assessment | $1,104,956 |
| Land Assessment | $318,360 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $786,596 | Tax Year | 2025 |
Property Taxes
Parcel Number
022-0356-048-00
Land Assessment
$318,360
Improvements Assessment
$786,596
Total Assessment
$1,104,956
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1362-1364 E 27th St
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