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Vulcan Lofts 4401 San Leandro St 57 Unit Apartment Building $11,200,000 ($196,491/Unit) Oakland, CA 94601
Investment Highlights
- Close to Public Transportation, BART & AC Transit
- Multi-level Lofts with High Ceilings
- Oakland Rent Control Exemption
- Easy Access to Downtown & Highways 80 & 580
- Skylights, Transom Windows, Abundant Natural Light, and Five Open Air Garden Courtyards
- Strong Rental Upside and Potential
Executive Summary
Newmark is pleased to present the opportunity to acquire a unique Live/Work property, Vulcan Lofts at 4401 San Leandro Street, Oakland,
California. Vulcan Lofts consists of 57 units including two commercial units and three-day studios. The property was built in the 1920s and was the
site of the Vulcan Iroworks Foundry. In 1986, it was converted to live/work loft units. Several units feature second story lofts and exposed timber
beams. This distinct community has been home to artists and makers offering collaborative compounds, unique floor layouts, and common area
courtyards. The Vulcan is well-known and has a rich tradition of attracting artists and creative individuals. The property is walking distance to the
Fruitvale BART station, Highway 880, the Fruitvale Commercial District, and less than 1 mile to Alameda.
California. Vulcan Lofts consists of 57 units including two commercial units and three-day studios. The property was built in the 1920s and was the
site of the Vulcan Iroworks Foundry. In 1986, it was converted to live/work loft units. Several units feature second story lofts and exposed timber
beams. This distinct community has been home to artists and makers offering collaborative compounds, unique floor layouts, and common area
courtyards. The Vulcan is well-known and has a rich tradition of attracting artists and creative individuals. The property is walking distance to the
Fruitvale BART station, Highway 880, the Fruitvale Commercial District, and less than 1 mile to Alameda.
Property Facts
| Price | $11,200,000 | Building Class | C |
| Price Per Unit | $196,491 | Lot Size | 2.38 AC |
| Sale Type | Investment | Building Size | 109,114 SF |
| No. Units | 57 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1930/1986 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | IG - IG – General Industrial Zone- Light Industrial | ||
| Price | $11,200,000 |
| Price Per Unit | $196,491 |
| Sale Type | Investment |
| No. Units | 57 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.38 AC |
| Building Size | 109,114 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1930/1986 |
| Opportunity Zone |
Yes |
| Zoning | IG - IG – General Industrial Zone- Light Industrial |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Skylights
Site Amenities
- Courtyard
- Laundry Facilities
- Gas Range
- Storage Space
- Public Transportation
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 034-2265-004-04 | Improvements Assessment | $3,154,946 |
| Land Assessment | $5,552,973 | Total Assessment | $8,707,919 |
Property Taxes
Parcel Number
034-2265-004-04
Land Assessment
$5,552,973
Improvements Assessment
$3,154,946
Total Assessment
$8,707,919
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Vulcan Lofts | 4401 San Leandro St
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