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7.03% CAP | $106K PER UNIT | 24 UNITS 2451 Seminary Ave 24 Unit Apartment Building $2,550,000 ($106,250/Unit) 7.03% Cap Rate Oakland, CA 94605
Investment Highlights
- 16,707 SF Building with 24 Units
- Individually Metered for Gas and Electric
- Ample Storage Space
- (1) Two Bedrooms One Bathroom Unit | (17) One Bedroom One Bathroom Units | (6) Studio Units
- On-Site Secured Parking | On-Site Laundry (Additional Income)
- Located in an Opportunity Zone | Proximity to Macarthur BART
Executive Summary
Prime 24-unit investment opportunity in Oakland, CA. Constructed in 1931, 2451 Seminary Ave boasts16,707 SF of space and a diverse unit mix of (1) Two Bedrooms One Bathroom Unit, (17) One Bedroom One Bathroom Units, and (6)Studio Units. Individually metered for gas and electric, the property offers some storage in the basement, some on-site garage parking, and laundry facilities for additional income. Situated in an opportunity zone and near Macarthur BART Station, this property offers immense potential for a savvy investor.
View Disclosures and Submit Offers Here: https://app.disclosures.io/link/2451-Seminary-Avenue-kprxw8b8
Virtual Tours:
• 108: https://my.matterport.com/show/?m=F4fg5htz7pM
• 201: https://my.matterport.com/show/?m=FivGbnv6bet
Please DO NOT disturb Tenants.
Open House Schedules:
• Wednesday, February 11th, between 10:30 AM and 11:30 AM
• Wednesday, February 18th, between 10:30 AM and 11:30 AM
OFFERS DUE: Offers will be reviewed upon receipt. Please make offers subject to inspections.
View Disclosures and Submit Offers Here: https://app.disclosures.io/link/2451-Seminary-Avenue-kprxw8b8
Virtual Tours:
• 108: https://my.matterport.com/show/?m=F4fg5htz7pM
• 201: https://my.matterport.com/show/?m=FivGbnv6bet
Please DO NOT disturb Tenants.
Open House Schedules:
• Wednesday, February 11th, between 10:30 AM and 11:30 AM
• Wednesday, February 18th, between 10:30 AM and 11:30 AM
OFFERS DUE: Offers will be reviewed upon receipt. Please make offers subject to inspections.
Property Facts
| Price | $2,550,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $106,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.03% | Building Size | 16,707 SF |
| Gross Rent Multiplier | 6.79 | Average Occupancy | 88% |
| No. Units | 24 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R-3, Oakland - Residential | ||
| Price | $2,550,000 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Gross Rent Multiplier | 6.79 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 16,707 SF |
| Average Occupancy | 88% |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R-3, Oakland - Residential |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 475 |
| 1+1 | 17 | - | 650 |
| 2+1 | 1 | - | 800 |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 038-3183-008-00 | Improvements Assessment | $1,605,488 |
| Land Assessment | $688,066 | Total Assessment | $2,304,738 |
Property Taxes
Parcel Number
038-3183-008-00
Land Assessment
$688,066
Improvements Assessment
$1,605,488
Total Assessment
$2,304,738
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Videos
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Photos
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7.03% CAP | $106K PER UNIT | 24 UNITS | 2451 Seminary Ave
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