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309 63rd St 4 Unit Apartment Building $1,295,000 ($323,750/Unit) 7.44% Cap Rate Oakland, CA 94618
INVESTMENT HIGHLIGHTS
- Located in heart of most desirable shopping district in Rockridge just off College Ave. 2 miles /10 min AC transit ride to UC Berk.
EXECUTIVE SUMMARY
Aggressively priced to sell quickly! This rarely available 4 unit building is ready for new occupants just off College Avenue in the highly desirable Rockridge district. Your steps away from popular Cole Coffee, Yasai Market, Wood Tavern, La Farine Bakery, Ver Brugge butcher shop, Vino wine shop, Safeway and more. Just a few blocks to Trader Joe's, Market Hall, Rockridge BART and many fine restaurants and shops. Take AC Transit bus for easy access to UC, Berkeley, The Elmwood District or San Francisco. This earns its 97 "Walker's Paradise" and 94 "Biker's Paradise" scores. Each unit is filled with light with windows on 3 sides, hardwood floors and vintage details throughout. Kitchens have ample cabinetry and doors to a small rear yard. Your living and sleeping spaces are joined by glass paned french doors. Plenty of storage on the ground floor level with soaring ceiling heights inviting possibilities for expansion. Extra $1k+ income for garage/storage spaces. Projected cap rate over 7% in one of the most sought after East Bay Neighborhoods makes this a fabulous investment opportunity or owner occupancy with income.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$137,760
|
$53.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$137,760
|
$53.19
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$44,146
|
$17.04
|
| Net Operating Income |
$93,614
|
$36.14
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $137,760 |
| Annual Per SF | $53.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $137,760 |
| Annual Per SF | $53.19 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $44,146 |
| Annual Per SF | $17.04 |
| Net Operating Income | |
|---|---|
| Annual | $93,614 |
| Annual Per SF | $36.14 |
PROPERTY FACTS
| Price | $1,295,000 | Apartment Style | Low-Rise |
| Price Per Unit | $323,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.44% | Building Size | 2,590 SF |
| Gross Rent Multiplier | 10.85 | Average Occupancy | 95% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Zoning | C-31, Oakland | ||
| Price | $1,295,000 |
| Price Per Unit | $323,750 |
| Sale Type | Investment |
| Cap Rate | 7.44% |
| Gross Rent Multiplier | 10.85 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,590 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | C-31, Oakland |
AMENITIES
SITE AMENITIES
- Picnic Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,495 | 647 |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 048A-7069-006-00 | Improvements Assessment | $813,159 |
| Land Assessment | $348,497 | Total Assessment | $1,161,656 |
PROPERTY TAXES
Parcel Number
048A-7069-006-00
Land Assessment
$348,497
Improvements Assessment
$813,159
Total Assessment
$1,161,656
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309 63rd St
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