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4722 Shattuck Ave
Oakland, CA 94609
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Two renovated 2-bedroom condos with modern finishes and in-unit laundry.
- Shared rear yard with patio plus ground-floor unit offering private outdoor space.
- Romex electrical wiring and copper plumbing upgrades for long-term reliability.
Executive Summary
Prime multi-unit investment opportunity in Temescal, one of Oakland’s hottest neighborhoods. This is a great opportunity for the strategic investor seeking strong cash flow with fantastic upside from future individual condo sales!
The property spans 2,459 square feet and features three 2 Bedroom / 1-bathroom condos all in one building. The top two condos have been recently redesigned with modern finishes including SS appliances, luxury vinyl plank flooring, quartz countertops, fresh bathroom designs, in-unit laundry, as well as previously installed romex electrical, copper plumbing plus so much more. Two units will be delivered vacant - ideal for an owner-occupant looking to live in one unit while generating income from the others, or for a smart investor ready to lease all three for strong cash flow or sell individually when they choose. A spacious shared rear yard offers a sunny space with a patio perfect for entertaining or gardening for the upper two units. The ground floor unit boasts exclusive off-street parking and its own private patio!
Turn-key and low maintenance with flexible living options, flexible exit options, a gross rent multiplier at 11.20 and immediate income potential makes this a standout asset in a very high-demand location. Offering occupants a 95 Walk/Bike Score. Just minutes to BART & steps to Oakland’s trendiest restaurants and popular amenities, including Hawking Bird, Pizziola, Burdell, Burma Superstar, Marafuku, Cholita Linda, Bird & Buffalo, Tall Boy and Forma Bakery
The property spans 2,459 square feet and features three 2 Bedroom / 1-bathroom condos all in one building. The top two condos have been recently redesigned with modern finishes including SS appliances, luxury vinyl plank flooring, quartz countertops, fresh bathroom designs, in-unit laundry, as well as previously installed romex electrical, copper plumbing plus so much more. Two units will be delivered vacant - ideal for an owner-occupant looking to live in one unit while generating income from the others, or for a smart investor ready to lease all three for strong cash flow or sell individually when they choose. A spacious shared rear yard offers a sunny space with a patio perfect for entertaining or gardening for the upper two units. The ground floor unit boasts exclusive off-street parking and its own private patio!
Turn-key and low maintenance with flexible living options, flexible exit options, a gross rent multiplier at 11.20 and immediate income potential makes this a standout asset in a very high-demand location. Offering occupants a 95 Walk/Bike Score. Just minutes to BART & steps to Oakland’s trendiest restaurants and popular amenities, including Hawking Bird, Pizziola, Burdell, Burma Superstar, Marafuku, Cholita Linda, Bird & Buffalo, Tall Boy and Forma Bakery
Property Facts Under Contract
| Price Per Unit | $399,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.25% | Building Size | 2,513 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment |
| Price Per Unit | $399,667 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,513 SF |
| No. Stories | 3 |
| Year Built | 1912 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
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