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4328 Howe St
Oakland, CA 94611
In Contract - Reviewing Back Up Offers · Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,668 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1959/2018 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | RM-3 - 7700 - Multiple Residential Buildings of 5 or More Units | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,668 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1959/2018 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | RM-3 - 7700 - Multiple Residential Buildings of 5 or More Units |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Storage Space
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Built-In Bookshelves
- Freezer
- Linen Closet
SITE AMENITIES
- Laundry Facilities
- Storage Space
ABOUT 4328 HOWE ST , OAKLAND, CA 94611
CBRE, Inc. is pleased to offer for sale, 4328 Howe Street, an 8-unit value-add apartment building conveniently located in one of the most established neighborhoods in the City of Oakland, The Piedmont Avenue Neighborhood. Delivered to investors and 1031 exchange Buyers, this ±6,658 SF, 1950’s asset is comprised of 8 large units, all of which have private balconies and hard wood floors throughout. The building features a unit mix of 5 X one-bedroom, one-bathroom units, 2 X two-bedroom, one-bathroom units and one unit that was converted from a one-bedroom, one-bathroom unit into a two-bedroom, one-bathroom unit with permits from the City of Oakland (Unit # 5). The current owner has invested approximately $250,000 over the last year to complete significant exterior and interior improvements to the property. In addition to the property’s stellar location, there is a tremendous amount of opportunity to add value and increase the rental income at the property by implementing a proven value-add strategy and stabilizing the asset over the long-term. With current rents that are approximately 46% below current market rate, there is potential to increase the net operating income by more than 150%. This investment provides the perfect opportunity for a value-add, upside seeking investor that appreciates a prime location in one of the most expensive rental markets in the United States.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 013-1116-021-00 | Improvements Assessment | $2,281,197 |
| Land Assessment | $892,400 | Total Assessment | $3,177,637 |
PROPERTY TAXES
