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3050-3058 Davis St 6 Unit Apartment Building $1,250,000 ($208,333/Unit) Oakland, CA 94601
Investment Highlights
- Six-unit multifamily property with a balanced mix of one- and two-bedroom residences.
- Built in 1965 and configured for long-term residential occupancy.
- Located in Oakland with access to major transportation routes and daily amenities.
- Opportunity to enhance revenue through future rent growth and asset management.
Executive Summary
3050-3058 Davis Street presents an opportunity to acquire a six-unit multifamily asset in Oakland's Fruitvale area. The property consists of a mix of three one-bedroom, one-bath units and three two-bedroom, one-bath units, providing a diversified unit mix that appeals to a broad tenant base. Built in 1965, the asset offers investors the ability to capitalize on Oakland's continued demand for workforce and affordable housing while benefiting from a well-established residential neighborhood.
Property Facts
| Price | $1,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $208,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.64 AC |
| No. Units | 6 | Building Size | 3,560 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Zoning | RM-4 - Multi Residential | ||
| Price | $1,250,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 3,560 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | RM-4 - Multi Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 550 |
| 2+1 | 3 | - | 610 |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 026-0770-018-00 | Improvements Assessment | $680,759 |
| Land Assessment | $292,891 | Total Assessment | $973,650 |
Property Taxes
Parcel Number
026-0770-018-00
Land Assessment
$292,891
Improvements Assessment
$680,759
Total Assessment
$973,650
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3050-3058 Davis St