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1504 13th Ave 8 Unit Apartment Building $1,550,000 ($193,750/Unit) 7.78% Cap Rate Oakland, CA 94606
Investment Highlights
- 8-unit Oakland multifamily property
- Two vacant units provide immediate rent upside
- Significant renovations completed in the 1990s during a legal conversion of a commercial space to residential use
- Strong in-place cash flow at a 7.78% cap rate
- Unit mix: six (6) 2-bedroom units and two (2) 3-bedroom units
- Well-located urban asset with long-term appreciation potential
Executive Summary
Introducing a solid multifamily investment opportunity in Oakland, California. Located at 1504 13th Avenue, this 8-unit apartment property offers strong in-place cash flow with meaningful upside. The asset is currently operating at a 7.78% cap rate, with two vacant units providing immediate opportunity to capture market rents. The property consists of six (6) two-bedroom units and two (2) three-bedroom units.
Well positioned within Oakland’s urban core, the property benefits from proximity to transit, employment centers, and neighborhood amenities, supporting long-term appreciation. This is a straightforward, well-located multifamily asset ideal for investors seeking reliable income today with rent growth potential over time
Well positioned the property benefits from proximity to transit, employment centers, and neighborhood amenities, supporting long-term appreciation. This is a straightforward, well-located multifamily asset ideal for investors seeking reliable income today with rent growth potential over time.
Well positioned within Oakland’s urban core, the property benefits from proximity to transit, employment centers, and neighborhood amenities, supporting long-term appreciation. This is a straightforward, well-located multifamily asset ideal for investors seeking reliable income today with rent growth potential over time
Well positioned the property benefits from proximity to transit, employment centers, and neighborhood amenities, supporting long-term appreciation. This is a straightforward, well-located multifamily asset ideal for investors seeking reliable income today with rent growth potential over time.
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 | $1,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $193,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 7.78% | Building Size | 6,693 SF |
| Gross Rent Multiplier | 7.53 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1897 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | C40, Oakland | ||
| Price | $1,550,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| Gross Rent Multiplier | 7.53 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,693 SF |
| No. Stories | 2 |
| Year Built | 1897 |
| Opportunity Zone |
Yes |
| Zoning | C40, Oakland |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 905 |
| 3+1 | 2 | - | 1,184 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (92)
Property Taxes
| Parcel Number | 020-0169-012-00 | Total Assessment | $824,001 |
| Land Assessment | $193,609 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $630,392 | Tax Year | 2025 |
Property Taxes
Parcel Number
020-0169-012-00
Land Assessment
$193,609
Improvements Assessment
$630,392
Total Assessment
$824,001
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1504 13th Ave
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