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2324-2332 International Blvd 13 Unit Apartment Building $2,100,000 ($161,538/Unit) Oakland, CA 94601
INVESTMENT HIGHLIGHTS
- Great upside potential
- Walking distance to BART, and minutes from Downtown Oakland and major Freeways, and Oakland airport.
- Property is surrounded by numerous commcerial and retail uses within walking distance
EXECUTIVE SUMMARY
Great opportunity to invest in the thriving Fruitvale market. Property is currently vacant, with tremendous upside as an mixed use property. There are two parcels with a mixture of 13 vacant units available for immediate tenancy with market rents. Most of the units are of 1920's vintage with nice amenities. Property is located within walking distance of the Fruitvale BART station and surrounding by numerous commercial and retail services. Again this property presents a unique opportunity to invest in a vacant/rehab project in the heart of one of Oaklands most vibrant neighborhoods. Property will be sold "as is".
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$222,000
|
$55.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,000
|
$2.75
|
| Effective Gross Income |
$211,000
|
$52.75
|
| Taxes |
$27,000
|
$6.75
|
| Operating Expenses |
$32,000
|
$8.00
|
| Total Expenses |
$59,000
|
$14.75
|
| Net Operating Income |
$152,000
|
$38.00
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $222,000 |
| Annual Per SF | $55.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $2.75 |
| Effective Gross Income | |
|---|---|
| Annual | $211,000 |
| Annual Per SF | $52.75 |
| Taxes | |
|---|---|
| Annual | $27,000 |
| Annual Per SF | $6.75 |
| Operating Expenses | |
|---|---|
| Annual | $32,000 |
| Annual Per SF | $8.00 |
| Total Expenses | |
|---|---|
| Annual | $59,000 |
| Annual Per SF | $14.75 |
| Net Operating Income | |
|---|---|
| Annual | $152,000 |
| Annual Per SF | $38.00 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 11 | $2,150 | 666 - 750 |
| 1+1 | 2 | $1,450 | 550 - 600 |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 020-0153-011-00 | Total Assessment | $752,930 |
| Land Assessment | $290,140 | Annual Taxes | $27,000 ($3.86/SF) |
| Improvements Assessment | $462,790 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
020-0153-011-00
Land Assessment
$290,140
Improvements Assessment
$462,790
Total Assessment
$752,930
Annual Taxes
$27,000 ($3.86/SF)
Tax Year
2025
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2324-2332 International Blvd
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