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1620 Fruitvale Ave
Oakland, CA 94601
Multifamily Property For Sale
·
30 Units
PROPERTY FACTS
| No. Units | 30 | Building Size | 14,517 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1930 |
| Building Class | C | Parking Ratio | 1.59/1,000 SF |
| Lot Size | 0.29 AC | ||
| Zoning | R-60, Oakland | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 14,517 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | R-60, Oakland |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Controlled Access
ABOUT 1620 FRUITVALE AVE , OAKLAND, CA 94601
The Davis Saadian Group, of BRC Advisors - Beverly Hills, is pleased to offer for sale this thirty (30) unit multifamily investment opportunity, located in the City of Oakland. The subject property contains 14,517 square feet of building area on an 12,807 square foot lot. The unit mix consists of thirty (30) 1-bedroom + 1-bathroom units. Given the location, and rental upside of approximately 50%, this investment presents an excellent value-add opportunity to acquire in the Fruitvale sub-market that will provide exponential returns. The property allows an investor to capitalize on a densely populated, affluent, and gentrifying area that continues to experience rapid rent growth. Fruitvale has seen consistent rental increases in the wake of rising costs in San Francisco and the Lake Merritt area of Oakland. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 30 | - | - |
PROPERTY TAXES
| Parcel Number | 033-2119-013-00 | Improvements Assessment | $906,457 |
| Land Assessment | $398,361 | Total Assessment | $1,318,798 |
PROPERTY TAXES
