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2268-2274 E 15th St
Oakland, CA 94606
22 Units W/ Incredible Rent Growth Potential · Multifamily Property For Sale
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22 Units
Investment Highlights
- RENOVATED, VALUE-ADD BUILDINGS WITH POTENTIAL FOR OVER 34% INCREASE IN RENTS AND 62% INCREASE IN NOI
- GOING IN PRICING FAR UNDER REPLACEMENT COST AT $176,727 PER UNIT
- TWO 11 UNIT BUILDINGS ON SEPARATE PARCELS PROVIDE OWNER EXPENSE RECOVERY WITH NO ON-SITE MANAGER REQUIRED
- ATTRACTIVE DEBT RATES YIELD POTENTIAL 10.40% CASH ON CASH RETURN
- MAJOR BUILDING IMPROVEMENTS INCLUDE NEW ROOF, SEISMIC RETROFIT, AND NEWLY RE-CONSTRUCTED AND RE-ENGINEERED CATWALKS
Property Facts
| No. Units | 22 | Lot Size | 0.23 AC |
| Property Type | Multifamily | Building Size | 10,384 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2005 |
| Building Class | B | Parking Ratio | 1.1/1,000 SF |
| Zoning | RM-2 | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 10,384 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2005 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | RM-2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Granite Countertops
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 2+1 | 4 | - | - |
| Studios | 2 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,677,906 | |
| Land Assessment | $1,152,776 | Total Assessment | $3,830,682 |
Property Taxes
Parcel Numbers
Land Assessment
$1,152,776
Improvements Assessment
$2,677,906
Total Assessment
$3,830,682
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