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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
  • Call listing brokers for more information

Executive Summary

Great opportunity to invest in the thriving Fruitvale market. Property is currently vacant, with tremendous upside as a 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 $31.71
Other Income - -
Vacancy Loss $11,000 $1.57
Effective Gross Income $211,000 $30.14
Taxes $27,000 $3.86
Operating Expenses $32,000 $4.57
Total Expenses $59,000 $8.43
Net Operating Income $152,000 $21.71

Financial Summary (Pro Forma - 2025)

Gross Rental Income
Annual $222,000
Annual Per SF $31.71
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $11,000
Annual Per SF $1.57
Effective Gross Income
Annual $211,000
Annual Per SF $30.14
Taxes
Annual $27,000
Annual Per SF $3.86
Operating Expenses
Annual $32,000
Annual Per SF $4.57
Total Expenses
Annual $59,000
Annual Per SF $8.43
Net Operating Income
Annual $152,000
Annual Per SF $21.71

Property Facts

Price $2,100,000
Price Per Unit $161,538
Sale Type Investment
Sale Condition Deferred Maintenance
No. Units 13
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 7,000 SF
Average Occupancy 0%
No. Stories 2
Year Built 1925
Parking Ratio 0.29/1,000 SF
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 11 $2,150 666 - 750
1+1 2 $1,450 550 - 600
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100

Property Taxes

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
  • Listing ID: 37490594

  • Date on Market: 8/30/2025

  • Last Updated:

  • Address: 2324-2332 International Blvd, Oakland, CA 94601

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