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5400 Princeton Street 5368 Fairfax Ave 4 Unit Apartment Building $550,000 ($137,500/Unit) Oakland, CA 94601



Investment Highlights
- Two separate buildings on one lot
- Value add opportunity
- Vacant unit
Executive Summary
Discover a great value add opportunity at 5400 Princeton Street, a rare four unit property on a prominent corner lot in Oakland. The property includes two separate duplexes on one lot. Each unit has spacious two bedroom, one bath layouts that offer steady cash flow today and strong appreciation potential over time. One unit has been fully remodeled with new flooring, new bathroom, a brand new kitchen, new windows, and fresh interior paint. It is ready to be leased at a true market rent. Both buildings also have new exterior paint. The other three units are occupied by long time tenants on month to month agreements and are paying well below market rent, creating significant upside for a new owner. These units will need some TLC, but that is where the opportunity really is. This is one of the best valued fourplex values in the area. Properties at this price point are extremely hard to find. With new ownership and strategic management, 5400 Princeton Street has tremendous potential for any investor. Reach out for more information on special financing.
Property Facts
| Price | $550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $137,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Sale Condition | Deferred Maintenance | Building Size | 3,718 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1935 |
| Zoning | R-1 - Residential District | ||
| Price | $550,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,718 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1935 |
| Zoning | R-1 - Residential District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 930 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 035-2392-017-00 | Improvements Assessment | $499,800 |
| Land Assessment | $214,200 | Total Assessment | $714,000 |
Property Taxes
Parcel Number
035-2392-017-00
Land Assessment
$214,200
Improvements Assessment
$499,800
Total Assessment
$714,000
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Contact the Sale Advisor
5400 Princeton Street | 5368 Fairfax Ave
