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3807 High St
Oakland, CA 94619
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Ideal and attractive unit mix of one 3 bedroom and 2 bathroom and five 2 bedroom and 1 bathroom units.
- This asset offers strong appeal to investors seeking stable income and long-term growth potential in a desirable Oakland submarket
- Below market rents present opportunities to quickly add value during turnover to maximize your return.
- Residents benefit from convenient access to Highway 580, AC Transit lines, nearby amenities, and district life and annual events.
Executive Summary
3807 High Street, Oakland presents a compelling opportunity to acquire a well-located 6-unit multifamily property in the Redwood
Heights / Laurel District. The Laurel District is a vibrant East Oakland neighborhood centered along MacArthur Boulevard between 35th Avenue and High Street. Known for its strong sense of community and walkable commercial corridor, the area offers a diverse mix of local retail, restaurants, cafes, a microbrewery, grocery options, fitness facilities, and everyday services.
Built in 1968, the building offers approximately 5,050 square feet of living space on a 9,400-square-foot lot. The unit mix is highly
desirable, featuring five 2-bedroom / 1-bath units and one 3- bedroom / 2-bath unit that can serve as an attractive owner’s unit.
The property includes on-site laundry, off-street parking, and has benefited from recent capital improvements, including seismic retrofitting
Heights / Laurel District. The Laurel District is a vibrant East Oakland neighborhood centered along MacArthur Boulevard between 35th Avenue and High Street. Known for its strong sense of community and walkable commercial corridor, the area offers a diverse mix of local retail, restaurants, cafes, a microbrewery, grocery options, fitness facilities, and everyday services.
Built in 1968, the building offers approximately 5,050 square feet of living space on a 9,400-square-foot lot. The unit mix is highly
desirable, featuring five 2-bedroom / 1-bath units and one 3- bedroom / 2-bath unit that can serve as an attractive owner’s unit.
The property includes on-site laundry, off-street parking, and has benefited from recent capital improvements, including seismic retrofitting
Property Facts
| Price Per Unit | $241,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 5.89% | Building Size | 8,946 SF |
| Gross Rent Multiplier | 9.16 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM3 | ||
| Price Per Unit | $241,667 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Gross Rent Multiplier | 9.16 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 8,946 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | RM3 |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,050 |
| 2+1 | 5 | - | 800 |
Property Taxes
| Parcel Number | 030-1935-008-01 | Improvements Assessment | $1,043,125 |
| Land Assessment | $381,900 | Total Assessment | $1,425,025 |
Property Taxes
Parcel Number
030-1935-008-01
Land Assessment
$381,900
Improvements Assessment
$1,043,125
Total Assessment
$1,425,025
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