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2051 23rd Ave 5 Unit Apartment Building $695,000 ($139,000/Unit) 4.01% Cap Rate Oakland, CA 94606
Investment Highlights
- Legal Fourplex - Top Floor Unit has been split into two units, making 5 units total
- Close Proximity to Lake Merritt, Downtown Oakland, I-580, I-880 and Fruitvale BART Station
- Rancho San Antonio location in Oakland
Executive Summary
PLEASE CONTACT THE LISTING AGENT AT CONNOR@CAPSTONE-PROPS.COM TO RECEIVE A FULL MARKETING PACKAGE AND TO SCHEDULE A PRIVATE SHOWING
Property Facts
| Price | $695,000 | Building Class | C |
| Price Per Unit | $139,000 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 2,660 SF |
| Cap Rate | 4.01% | Average Occupancy | 97% |
| Gross Rent Multiplier | 12.91 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 0.4/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R70, Oakland | ||
| Price | $695,000 |
| Price Per Unit | $139,000 |
| Sale Type | Investment |
| Cap Rate | 4.01% |
| Gross Rent Multiplier | 12.91 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,660 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 0.4/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R70, Oakland |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 021-0252-002-00 | Improvements Assessment | $225,922 |
| Land Assessment | $96,824 | Total Assessment | $322,746 |
Property Taxes
Parcel Number
021-0252-002-00
Land Assessment
$96,824
Improvements Assessment
$225,922
Total Assessment
$322,746
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Contact the Sale Advisor
2051 23rd Ave