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2415 San Pablo Ave
Oakland, CA 94612
Can be sold with 2401 San Pablo · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Not Subject to Oakland Rent Control
- Strong Unit Mix
- Gas, Electric & Water Separately Metered
- Extensively Renovated
- Strong Cash Flow
Executive Summary
Turn-key mixed-use investment with strong in-place income and exceptional upside through rent-control exemption, ideally located along the San Pablo Ave corridor near 19th Street BART, Hwy 980, Downtown Oakland, Uptown, and Berkeley. Originally built in 1910 and substantially renovated in 2007, 2415 San Pablo Ave features 5 residential units and 1 ground-floor commercial space occupied by a long-term tattoo studio tenant of over 8 years. The residential unit mix includes one large 1-bedroom and four large 2-bedroom units, each approximately 900 SF, with modern layouts, updated flooring, contemporary kitchens, and strong natural light. Tenants also enjoy a large shared rooftop deck with panoramic views of Downtown Oakland and San Francisco. The building benefits from modern systems and major upgrades including fire sprinklers, extensive seismic improvements, exterior siding upgrades, full exterior paint completed in 2025, and various unit improvements over time. A rare low-maintenance investment with stable mixed-use income and long-term growth potential. Can also be sold with adjacent 7-unit apartment building at 2401 San Pablo Ave.
Property Facts
| Price Per Unit | $216,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.31% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 9.5 | Building Size | 5,200 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2007 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C30, Oakland | ||
| Price Per Unit | $216,667 |
| Sale Type | Investment |
| Cap Rate | 7.31% |
| Gross Rent Multiplier | 9.5 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,200 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2007 |
| Opportunity Zone |
Yes |
| Zoning | C30, Oakland |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 003-0015-035-00 | Improvements Assessment | $645,365 |
| Land Assessment | $96,804 | Total Assessment | $742,169 |
Property Taxes
Parcel Number
003-0015-035-00
Land Assessment
$96,804
Improvements Assessment
$645,365
Total Assessment
$742,169
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