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184 13th St
Oakland, CA 94612
3 Blocks to Lake Merritt | $117,346 Per Unit · Multifamily Property For Sale
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98 Units
Investment Highlights
- 98-unit multifamily investment opportunity strategically located in the heart of Downtown Oakland, surrounded by transit, employers, and amenities
- Desirable unit mix of studios, one, two, and three-bedroom apartments, designed to attract a wide range of tenants and support strong occupancy
- Prime location just three blocks from Lake Merritt and a five-minute walk (0.3 miles) to Lake Merritt BART, with multiple AC Transit bus lines nearby
- Six-story, 76,562 SF elevator-served building situated on a 16,000 SF corner parcel with secure lobby access, on-site laundry facilities, and a leasin
- Over $500,000 in recent capital improvements, including electrical and plumbing upgrades, a new roof, and elevator modernization
- Offered at just $126,020 per unit — a 33% discount to its 2022 sale price, providing an incredible basis below replacement cost
Property Facts
Amenities
Unit Amenities
- Heating
- Crown Molding
- Hardwood Floors
- Stainless Steel Appliances
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Storage Space
- Bicycle Storage
- Elevator
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 48 | $1,111 | 144 - 300 |
| 1+1 | 25 | $1,506 | 522 - 741 |
| 2+1 | 15 | $2,170 | 1,132 |
| 3+1 | 5 | $2,332 | 1,223 |
Property Taxes
| Parcel Number | 002-0079-006-00 | Improvements Assessment | $13,988,654 |
| Land Assessment | $6,007,431 | Total Assessment | $20,022,168 |
Property Taxes
Parcel Number
002-0079-006-00
Land Assessment
$6,007,431
Improvements Assessment
$13,988,654
Total Assessment
$20,022,168
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