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2011 Rutherford St 10 Unit Apartment Building $1,250,000 ($125,000/Unit) 7.10% Cap Rate Oakland, CA 94601

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EXECUTIVE SUMMARY

The Pinza Group is pleased to present The Rutherford Apartments in Oakland, CA. 2011 Rutherford Street is a ten unit multifamily property built in 1954 and comprised of ten (10) 1bd/1bth units. Recent Improvements include, but are not limited to, new dual pane windows, water heaters, and fresh landscaping. All units are separately metered for gas and electric and there is implementation of RUBS providing low annual expenses for the owner. Additionally, there are coin operated laundry machines providing extra income. Take advantage of tax deferred gains as the property is located in an opportunity zone! One of the lowest price per door properties on the market in Oakland this investment will not last long!

PROPERTY FACTS

Price	$1,250,000	Apartment Style	Low-Rise
Price Per Unit	$125,000	Building Class	C
Sale Type	Investment	Lot Size	0.10 AC
Cap Rate	7.10%	Building Size	4,560 SF
Gross Rent Multiplier	8.34	No. Stories	2
No. Units	10	Year Built	1954
Property Type	Multifamily	Parking Ratio	2.19/1,000 SF
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Manufactured Housing Mobile Home Park Office Office Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-2

Price	$1,250,000
Price Per Unit	$125,000
Sale Type	Investment
Cap Rate	7.10%
Gross Rent Multiplier	8.34
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Manufactured Housing Mobile Home Park Office Office Residential
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.10 AC
Building Size	4,560 SF
No. Stories	2
Year Built	1954
Parking Ratio	2.19/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-2