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3203 14th Ave 9 Unit Apartment Building $1,350,000 ($150,000/Unit) 6.71% Cap Rate Oakland, CA 94602
INVESTMENT HIGHLIGHTS
- Listed at a 6.7% Cap Rate with a solid upside in rents.
- Located next to Highland Hospital in Oakland.
- Easy access to Highway 580 on/off ramps
- GRM - Gross Rent Multiplier: 8.88
- 11 miles to downtown San Francisco
- Value add opportunity
EXECUTIVE SUMMARY
AiCRE Partners is pleased to exclusively offer for sale a compelling value-add multifamily investment opportunity in the heart of Oakland’s East Bay, strategically positioned adjacent to Highland Hospital and minutes from Downtown Oakland. The property benefits from excellent central location fundamentals, offering convenient
access to major employment centers, public transit, and regional connectivity, including a short commute across the Bay Bridge to San Francisco. The surrounding area is characterized by dense residential neighborhoods, strong renter demand, and proximity to major medical, institutional, and urban employment drivers that
support long-term housing stability.
access to major employment centers, public transit, and regional connectivity, including a short commute across the Bay Bridge to San Francisco. The surrounding area is characterized by dense residential neighborhoods, strong renter demand, and proximity to major medical, institutional, and urban employment drivers that
support long-term housing stability.
PROPERTY FACTS
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.71% | Building Size | 6,422 SF |
| Gross Rent Multiplier | 8.88 | Average Occupancy | 90% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | R50 | ||
| Price | $1,350,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| Gross Rent Multiplier | 8.88 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,422 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 1956 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R50 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 022-0376-008-00 | Improvements Assessment | $139,037 |
| Land Assessment | $73,053 | Total Assessment | $212,090 |
PROPERTY TAXES
Parcel Number
022-0376-008-00
Land Assessment
$73,053
Improvements Assessment
$139,037
Total Assessment
$212,090
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3203 14th Ave
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