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JUST LISTED | 8 UNITS | OAKLAND 1832 Fruitvale Ave 8 Unit Apartment Building $999,999 ($125,000/Unit) 6.51% Cap Rate Oakland, CA 94601
Investment Highlights
- 7 Studio Units | 1 Detached House with Side Yard Patio
- Upside Potential in Rents
- Tenant Common Area
- Exceptional Fruitvale Location
- On-site Tenant Parking
- Great Fruitvale Location
Executive Summary
Qualified investors are extended the opportunity to acquire 1832 Fruitvale Avenue located in Oakland's Fruitvale neighborhood. This well-maintained apartment community was built in 1910 and consists of two buildings on one lot. The property boasts one 2 bedroom / 1 bath single-family home and 7 studio units. 1832 Fruitvale Avenue allows both local and regional investors the opportunity to acquire an investment in a popular market with strong growth potential of both income stream and investment value.
Please DO NOT Disturb Tenants.
Disclosure: https://app.disclosures.io/link/1832-Fruitvale-Avenue-giwv6zgs
Open House Schedules:
• Thursday, June 18th, between 10:30 AM and 11:30 AM
• Tuesday, June 23rd, between 10:30 AM and 11:30 AM
• Thursday, June 25th, between 10:30 AM and 11:30 AM
OFFERS DUE: Offers will be reviewed upon receipt.
Submit Offers Here: https://app.disclosures.io/link/1832-Fruitvale-Avenue-ibix6nwu
Please DO NOT Disturb Tenants.
Disclosure: https://app.disclosures.io/link/1832-Fruitvale-Avenue-giwv6zgs
Open House Schedules:
• Thursday, June 18th, between 10:30 AM and 11:30 AM
• Tuesday, June 23rd, between 10:30 AM and 11:30 AM
• Thursday, June 25th, between 10:30 AM and 11:30 AM
OFFERS DUE: Offers will be reviewed upon receipt.
Submit Offers Here: https://app.disclosures.io/link/1832-Fruitvale-Avenue-ibix6nwu
Property Facts
| Price | $999,999 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.51% | Building Size | 15,000 SF |
| Gross Rent Multiplier | 8.02 | Average Occupancy | 92% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $999,999 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| Gross Rent Multiplier | 8.02 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 425 |
| 2+1 | 1 | - | 693 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 033-2117-028-00 | Improvements Assessment | $513,172 |
| Land Assessment | $168,253 | Total Assessment | $681,425 |
Property Taxes
Parcel Number
033-2117-028-00
Land Assessment
$168,253
Improvements Assessment
$513,172
Total Assessment
$681,425
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JUST LISTED | 8 UNITS | OAKLAND | 1832 Fruitvale Ave
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