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2426 57th Ave 4 Unit Apartment Building $995,000 ($248,750/Unit) 1.54% Cap Rate Oakland, CA 94605
EXECUTIVE SUMMARY
Great opportunity to invest in an value add four unit apartment in Oakland. This property has 3 (2 x1) units and one (3 x 1) unit. There is currently one vacant 2 x1 unit. The property is on the market as an "as is" sale. There is a great upside potential in the property with proper adjustments to the property. The property is located within the heart of Oakland and minutes from Mills College and the major freeways as well as public transportation. The neighborhood has numerous retail services within walking distance to property. Property is an value add and will be sold "As Is".
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$113,268
|
$9.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,663
|
$0.48
|
| Effective Gross Income |
$107,605
|
$9.18
|
| Taxes |
$15,687
|
$1.34
|
| Operating Expenses |
$16,239
|
$1.39
|
| Total Expenses |
$31,926
|
$2.72
|
| Net Operating Income |
$75,679
|
$6.46
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $113,268 |
| Annual Per SF | $9.66 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,663 |
| Annual Per SF | $0.48 |
| Effective Gross Income | |
|---|---|
| Annual | $107,605 |
| Annual Per SF | $9.18 |
| Taxes | |
|---|---|
| Annual | $15,687 |
| Annual Per SF | $1.34 |
| Operating Expenses | |
|---|---|
| Annual | $16,239 |
| Annual Per SF | $1.39 |
| Total Expenses | |
|---|---|
| Annual | $31,926 |
| Annual Per SF | $2.72 |
| Net Operating Income | |
|---|---|
| Annual | $75,679 |
| Annual Per SF | $6.46 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $1,129 | 725 |
| 3+1.5 | 1 | $1,320 | 1,000 |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 038-3181-008-00 | Total Assessment | $350,942 |
| Land Assessment | $105,282 | Annual Taxes | $15,687 ($1.34/SF) |
| Improvements Assessment | $245,660 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
038-3181-008-00
Land Assessment
$105,282
Improvements Assessment
$245,660
Total Assessment
$350,942
Annual Taxes
$15,687 ($1.34/SF)
Tax Year
2025
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2426 57th Ave
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