1811 27th Ave | Oakland, CA 94601
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- LoopNet Team
1811 27th Ave
Oakland, CA 94601
The Fruitvale Complex Apartments · Multifamily Property For Sale
·
44 Units
Investment Highlights
- Incredible value-add opportunity to purchase a 44-unit low-rise apartment comprising 82% one-bedroom units with a 23.6% upside of NOI.
- Strong cash flow with a current 7.78% cap/7.75 GRM and market 9.59% cap/6.76 GRM, 18.48 embedded rental upside, and 15.19% cash-on-cash on Day 1.
- Most units feature granite countertops, double-paned vinyl windows, updated light fixtures, frost-free refrigerators, and electric wall heaters.
- Commuter-friendly, the Fruitvale BART Station is steps away; I-580, I-880, I-980, and Hwy 24 are accessed in minutes, along with AC transit bus lines.
- Many local amenities are nearby, including Oracle Area, Buttercup Grill & Bar, Round Table Pizza, Shoppers Market, The Home Depot, and Walgreens.
- In proximity to employment, all 2 to 3 miles from Oakland's largest public and private employers: The City of Oakland Offices and Kaiser Permanente.
Property Facts
| No. Units | 44 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 24,275 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1950/1988 |
| Zoning | C-30, Oakland | ||
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 24,275 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/1988 |
| Zoning | C-30, Oakland |
Amenities
Unit Amenities
- Heating
- Kitchen
- Granite Countertops
- Sprinkler System
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Security System
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 431 |
| 1+1 | 34 | - | 471 |
| 2+1 | 6 | - | 608 |
Property Taxes
| Parcel Number | 025-0734-009-00 | Improvements Assessment | $4,293,200 |
| Land Assessment | $2,868,000 | Total Assessment | $7,173,118 |
Property Taxes
Parcel Number
025-0734-009-00
Land Assessment
$2,868,000
Improvements Assessment
$4,293,200
Total Assessment
$7,173,118
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