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515 E 11th St 8 Unit Apartment Building $695,000 ($86,875/Unit) 5.96% Cap Rate Oakland, CA 94606
Investment Highlights
- Upside with 1 vacant unit and below market rents
- Located a short walk from Laney College which enrolls roughly 17,000 students
- Opportunity to decrease expenses through RUBS
- Low price point allowing a lower barrier of entry for first time owners
Executive Summary
Broker of Record
David Harrington
License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
David Harrington
License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $695,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $86,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.96% | Building Size | 3,181 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | HBX-2 , S-13 - Residential property converted to 5 or more units | ||
| Price | $695,000 |
| Price Per Unit | $86,875 |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,181 SF |
| No. Stories | 2 |
| Year Built | 1906 |
| Opportunity Zone |
Yes |
| Zoning | HBX-2 , S-13 - Residential property converted to 5 or more units |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 2+1 | 2 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 019-0021-002-00 | Improvements Assessment | $330,497 |
| Land Assessment | $270,407 | Total Assessment | $600,904 |
Property Taxes
Parcel Number
019-0021-002-00
Land Assessment
$270,407
Improvements Assessment
$330,497
Total Assessment
$600,904
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515 E 11th St
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