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5687 Miles Ave
Oakland, CA 94618
Multifamily Property For Sale
·
11 Units
Investment Highlights
- 6.01% Cap Rate / 11.09 GIM (Gross Income Multiplier)
- Surrounded by College Ave shops and retail (Trader Joes, Market Hall, Zachary’s Pizza, Starter Bakery, Safeway)
- High end interior finishes
- Unparalleled location on Miles Ave at College Ave (just steps from Rockridge BART Station)
- Significant additional income from rooftop antenna leases
- Rockridge Urban Village lifestyle (Walk Score of 97)
Property Facts
| No. Units | 11 | Lot Size | 0.08 AC |
| Property Type | Multifamily | Building Size | 7,295 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1922 |
| Zoning | commercial | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 7,295 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1922 |
| Zoning | commercial |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $2,371 | 505 - 775 |
| 2+1 | 4 | $3,266 | 775 |
Property Taxes
| Parcel Number | 014-1266-006-00 | Improvements Assessment | $3,773,266 |
| Land Assessment | $1,257,755 | Total Assessment | $5,031,021 |
Property Taxes
Parcel Number
014-1266-006-00
Land Assessment
$1,257,755
Improvements Assessment
$3,773,266
Total Assessment
$5,031,021
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