Log In/Sign Up
Your email has been sent.
1523-1527 8th Ave 20 Unit Apartment Building $3,250,000 ($162,500/Unit) 7.62% Cap Rate Oakland, CA 94606
Investment Highlights
- Mostly 2- bedrooms
- Pitched roofs
Executive Summary
Located in the heart of Oakland, 1523–1537 8th Avenue is a 20-unit multifamily property built in 1961, featuring a mix of one- and two-bedroom units.
This lender-owned REO asset is situated in an amenity-rich neighborhood characterized by strong rental demand and long-term growth potential.
This lender-owned REO asset is situated in an amenity-rich neighborhood characterized by strong rental demand and long-term growth potential.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $162,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 7.62% | Building Size | 15,667 SF |
| Sale Condition | REO Sale | Average Occupancy | 85% |
| Gross Rent Multiplier | 7.6 | No. Stories | 2 |
| No. Units | 20 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 0.64/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-3 - Mixed Housing Type Residential | ||
| Price | $3,250,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 7.62% |
| Sale Condition | REO Sale |
| Gross Rent Multiplier | 7.6 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 15,667 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | RM-3 - Mixed Housing Type Residential |
Amenities
Unit Amenities
- Stainless Steel Appliances
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,700 | 450 |
| 2+1 | 18 | $1,950 | 675 |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (89)
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,210,612 | |
| Land Assessment | $1,948,356 | Total Assessment | $6,169,068 |
Property Taxes
Parcel Numbers
Land Assessment
$1,948,356
Improvements Assessment
$4,210,612
Total Assessment
$6,169,068
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1523-1527 8th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.