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5492 Ruth Ave 4 Unit Apartment Building $895,000 ($223,750/Unit) 5.93% Cap Rate Oakland, CA 94601
INVESTMENT HIGHLIGHTS
- 2019 Seismic Retrofit
- All 2 bed room 1 bath units - 1 vacant unit
- Professionally managed property
- Each unit includes: Individual garage, private storage closet, exterior space & dedicated water heater
- Built out basement with additional tenant storage and coin operated laundry facility
- Rental upside potential
EXECUTIVE SUMMARY
Fantastic opportunity to acquire a well-maintained 4-plex in the desirable Maxwell Park neighborhood of Oakland, ideal for both investors and owner-occupants. The property features four spacious 2-bedroom, 1-bathroom units, each offering a dedicated individual garage, private storage closet, exterior space, and a dedicated water heater. One unit is currently vacant and rent-ready, offering immediate leasing potential or an excellent opportunity for an owner-user to occupy. Significant upgrades enhance the building’s durability and functionality, including a 2019 seismic retrofit for improved structural safety and satisfy soft story compliance. The basement level has been thoughtfully built out, adding additional tenant storage closets and a convenient on-site laundry facility. The rear stairway has been completely rebuilt as well. With rents near market rate and one recently updated unit, this property provides stable income today with room for additional upside.
PROPERTY FACTS
| Price | $895,000 | Apartment Style | Garden |
| Price Per Unit | $223,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.93% | Building Size | 3,878 SF |
| Gross Rent Multiplier | 9.52 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Price | $895,000 |
| Price Per Unit | $223,750 |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| Gross Rent Multiplier | 9.52 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,878 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.03/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Storage Space
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
- Double Pane Windows
- Freezer
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Storage Space
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 950 |
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 036-2478-027-00 | Improvements Assessment | $597,350 |
| Land Assessment | $256,007 | Total Assessment | $853,357 |
PROPERTY TAXES
Parcel Number
036-2478-027-00
Land Assessment
$256,007
Improvements Assessment
$597,350
Total Assessment
$853,357
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5492 Ruth Ave
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