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2401 San Pablo Ave 7 Unit Apartment Building $1,700,000 ($242,857/Unit) 7.10% Cap Rate Oakland, CA 94612
Investment Highlights
- Large & Highly Renovated Units
- Roof Deck
- Strong Cash Flow
- On-Site Parking
- Separately metered for gas, electric and water
Executive Summary
***Can also be sold with adjacent 6-unit property at 2415 San Pablo Ave***
Turn-key 7-unit investment with strong in-place income and extensive capital improvements, ideally located along the San Pablo Ave corridor near 19th Street BART, Hwy 980, Downtown Oakland, Uptown, and Berkeley. This well-maintained, stabilized asset offers a diverse unit mix of two large 1-bedroom units, two large 2-bedroom units, two oversized studios, and one mid-size studio. Several units feature two-level townhouse-style layouts with ceilings exceeding 12 feet, creating bright, open living spaces that stand out in the rental market. Most units have been extensively renovated over the past decade with updated kitchens, bathrooms, flooring, lighting, and appliances, supporting strong tenant demand. Ownership has completed major capital improvements including a new commercial roof (2024), full exterior paint (2025), multiple unit remodels, and upgraded common areas and hallways. Each unit is separately metered for gas, electric, and water for efficient operations. Property includes secured 1:1 parking for all units plus improvements to access, storage, and common areas.
Turn-key 7-unit investment with strong in-place income and extensive capital improvements, ideally located along the San Pablo Ave corridor near 19th Street BART, Hwy 980, Downtown Oakland, Uptown, and Berkeley. This well-maintained, stabilized asset offers a diverse unit mix of two large 1-bedroom units, two large 2-bedroom units, two oversized studios, and one mid-size studio. Several units feature two-level townhouse-style layouts with ceilings exceeding 12 feet, creating bright, open living spaces that stand out in the rental market. Most units have been extensively renovated over the past decade with updated kitchens, bathrooms, flooring, lighting, and appliances, supporting strong tenant demand. Ownership has completed major capital improvements including a new commercial roof (2024), full exterior paint (2025), multiple unit remodels, and upgraded common areas and hallways. Each unit is separately metered for gas, electric, and water for efficient operations. Property includes secured 1:1 parking for all units plus improvements to access, storage, and common areas.
Property Facts
| Price | $1,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $242,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.10% | Building Size | 5,780 SF |
| Gross Rent Multiplier | 8.94 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1912/2001 |
| Property Type | Multifamily | Parking Ratio | 1.21/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,700,000 |
| Price Per Unit | $242,857 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| Gross Rent Multiplier | 8.94 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,780 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1912/2001 |
| Parking Ratio | 1.21/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 003-0015-007-00 | Improvements Assessment | $674,195 |
| Land Assessment | $273,968 | Total Assessment | $948,163 |
Property Taxes
Parcel Number
003-0015-007-00
Land Assessment
$273,968
Improvements Assessment
$674,195
Total Assessment
$948,163
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2401 San Pablo Ave
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