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2940 Fruitvale Ave
Oakland, CA 94602
Multifamily Property For Sale
·
7 Units
Property Facts
| No. Units | 7 | Building Size | 6,946 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1920/2017 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | R-50, Oakland | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 6,946 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1920/2017 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-50, Oakland |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer Hookup
- Hardwood Floors
- Yard
- Instant Hot Water
About 2940 FRUITVALE AVE , OAKLAND, CA 94602
Great Investment Opportunity with strong upside in Oakland, CA. Charming 7 unit 1920's Bungalow Court apts nestled on a semi-private street. 5 Cottage-style apartments and 2 duplex homes. 5 attached garages plus a 2 car detached garage (unwarranted), street parking. Private outdoor spaces. Easy access to Hwy 580 and BART. Located in the "School" neighborhood near trendy Lower Dimond and Jingletown. Current owner has improved tenant profile, renovated 2 units to condo quality and negotiated a third tenant buyout. Property upgrades include electric, sewer lines, updated plumbing with tankless heaters, new appliances, new outdoor landscaping/hardscaping and amended tenancy terms to be more favorable to the owner.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $1,643 | 950 - 1,025 |
Property Taxes
| Parcel Number | 027-0854-030-00 | Improvements Assessment | $1,309,150 |
| Land Assessment | $669,300 | Total Assessment | $1,978,450 |
Property Taxes
Parcel Number
027-0854-030-00
Land Assessment
$669,300
Improvements Assessment
$1,309,150
Total Assessment
$1,978,450
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