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UNDER CONTRACT | 7.5% CAP | FRUITVALE 2290 High St 7 Unit Apartment Building $1,150,000 ($164,286/Unit) 7.51% Cap Rate Oakland, CA 94601
INVESTMENT HIGHLIGHTS
- Attractive Unit Mix
- Four Garages
- Individually Metered for Gas and Electricity
- One Large Detached 2 Bedroom / 1 Bathroom Unit | Six 1 Bedrooms / 1 Bath Units
- Renovated Units | New Hot Water Heater
- On-Site Laundry (Additional Income) | Tenant Storage (Additional Income)
EXECUTIVE SUMMARY
Qualified investors are extended the opportunity to acquire 2290 High Street located in Oakland, CA. This well-maintained apartment community was built in 1959. The property boasts 1 two bedroom / one bathroom unit, and 6 one bedroom / one bathroom units. Each unit is individually metered for gas and electric. Tenants enjoy the convenience of on-site laundry and garage parking. The Subject Property allows both local and regional investors the opportunity to acquire an investment in a popular market with strong growth potential through banked rents and unit turnover.
Kindly complete and submit the Disclosure i.o Cover Sheet confirming you and your clients have reviewed the disclosures.
Disclosures: https://app.disclosures.io/link/2290-High-Street-zkmw3gtl
Virtual Tour:
• 2990 Unit A: https://my.matterport.com/show/?m=mXJWQFW9axX
Submit Offer Here: https://app.disclosures.io/link/2290-High-Street-zkmw3gtl
Kindly complete and submit the Disclosure i.o Cover Sheet confirming you and your clients have reviewed the disclosures.
Disclosures: https://app.disclosures.io/link/2290-High-Street-zkmw3gtl
Virtual Tour:
• 2990 Unit A: https://my.matterport.com/show/?m=mXJWQFW9axX
Submit Offer Here: https://app.disclosures.io/link/2290-High-Street-zkmw3gtl
PROPERTY FACTS Under Contract
| Price | $1,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $164,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.51% | Building Size | 4,014 SF |
| Gross Rent Multiplier | 8.34 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | ||
| Zoning | RM4 | ||
| Price | $1,150,000 |
| Price Per Unit | $164,286 |
| Sale Type | Investment |
| Cap Rate | 7.51% |
| Gross Rent Multiplier | 8.34 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,014 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Zoning | RM4 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 525 |
| 2+1 | 1 | - | 700 - 864 |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 032-2046-013-00 | Improvements Assessment | $703,657 |
| Land Assessment | $557,750 | Total Assessment | $1,264,142 |
PROPERTY TAXES
Parcel Number
032-2046-013-00
Land Assessment
$557,750
Improvements Assessment
$703,657
Total Assessment
$1,264,142
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UNDER CONTRACT | 7.5% CAP | FRUITVALE | 2290 High St
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