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1829 6th Ave
Oakland, CA 94606
PRICE REDUCED $250,000 · Multifamily Property For Sale
·
24 Units
Investment Highlights
- Turn-key asset with downside protection and immediate upside
- 5.79% market cap rate, assumes market rents of $1,650- $1,770 for the studios and $2,000-$2,199 for the one bedroom units
- Laundry facilities on-site
- 19 of the 24 units are renovated with all new laminate flooring, built in white wood cabinets, all new dual pane windows & stainless-steel appliances
- Twelve controlled-access, off-street parking spots
- Located less than ½ mile from Lake Merritt and a 7-minute drive to Downtown Oakland
Property Facts
| No. Units | 24 | Building Size | 15,046 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1930/2016 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R40 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 15,046 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2016 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | R40 |
Amenities
Unit Amenities
- Heating
- Kitchen
Site Amenities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
| 1+1 | 12 | - | - |
Property Taxes
| Parcel Number | 021-0231-007-00 | Improvements Assessment | $4,520,181 |
| Land Assessment | $1,655,472 | Total Assessment | $6,175,653 |
Property Taxes
Parcel Number
021-0231-007-00
Land Assessment
$1,655,472
Improvements Assessment
$4,520,181
Total Assessment
$6,175,653
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