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1620 Fruitvale Ave 30 Unit Apartment Building $2,950,000 ($98,333/Unit) 5.50% Cap Rate Oakland, CA 94601
EXECUTIVE SUMMARY
Property is located in the vibrant Fruitvale district of Oakland. This property is located within walking distance to the Fruitvale BART station and other forms of public transportation. Numerous commercial and retail uses are located minutes from the property. Property is in great condition, and the exterior has been painted in the last 5 years, as well the property has being well maintained. The sale also includes the lot next to the property that is currently being used as a parking lot by the tenants. The adjoining lot presents an opportunity for the possibility of additional development of the property. There is tremendous upside potential in the current rents.
FINANCIAL SUMMARY (ACTUAL - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $2,950,000 | Building Class | C |
| Price Per Unit | $98,333 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 14,517 SF |
| Cap Rate | 5.50% | Average Occupancy | 85% |
| Gross Rent Multiplier | 9.35 | No. Stories | 3 |
| No. Units | 30 | Year Built | 1930 |
| Property Type | Multifamily | Parking Ratio | 1.59/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-60, Oakland | ||
| Price | $2,950,000 |
| Price Per Unit | $98,333 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 9.35 |
| 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 | 85% |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 1.59/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-60, Oakland |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 30 | - | 484 |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 033-2119-013-00 | Improvements Assessment | $906,457 (2025) |
| Land Assessment | $398,361 (2025) | Total Assessment | $1,318,798 (2025) |
PROPERTY TAXES
Parcel Number
033-2119-013-00
Land Assessment
$398,361 (2025)
Improvements Assessment
$906,457 (2025)
Total Assessment
$1,318,798 (2025)
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1620 Fruitvale Ave
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