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219 John St 219 John St 3 Unit Apartment Building $1,100,000 ($366,667/Unit) 3.22% Cap Rate Oakland, CA 94611
Investment Highlights
- Opportunity to own a large Piedmont Ave triplex under $300/SF.
- Leverage ~80% LTV residential financing to maximize returns.
- Value-add / repositioning investment with 80%+ rent upside.
- 0.2 miles from Piedmont Ave; 0.4 miles from a new Safeway Shopping Center; 1.0 miles from MacArthur BART.
Executive Summary
Presenting 219 John Street, a rare opportunity to acquire a well-maintained 3-unit 3,914 SF multifamily property in the charming Piedmont Ave neighborhood, nestled between Rockridge and Grant Lake. This 1906 vintage Craftsman Style property sits on a quiet street with a healthy mix of single family and multifamily properties, just 0.2 miles from dining, shopping, and entertainment of Piedmont Ave. The property has a desirable unit mix featuring two (2) large 2bd/1ba units (Units 215 and 217) and one (1) large 3bd/3ba unit around the side (Unit 219). Tenants enjoy the timeless turn-of-the-century charm, the mature landscape and the ease of parking along the street when the driveway spot is unavailable.
Please contact broker, Rob Chappell, for offering memorandum.
Please contact broker, Rob Chappell, for offering memorandum.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $366,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 3.22% | Building Size | 3,914 SF |
| Gross Rent Multiplier | 15.53 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | ||
| Zoning | RM-2 - Residential | ||
| Price | $1,100,000 |
| Price Per Unit | $366,667 |
| Sale Type | Investment |
| Cap Rate | 3.22% |
| Gross Rent Multiplier | 15.53 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,914 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1906 |
| Zoning | RM-2 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 1,050 |
| 3+3 | 1 | - | 1,700 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 013-1111-006-00 | Total Assessment | $719,731 |
| Land Assessment | $269,028 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $450,703 | Tax Year | 2025 |
Property Taxes
Parcel Number
013-1111-006-00
Land Assessment
$269,028
Improvements Assessment
$450,703
Total Assessment
$719,731
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
Contacts
-
Robert Chappell -
Grant Chappell -
Jonathan Burmenko -
Sam Hayes -
NAI Northern California
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