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5918 Genoa St
Oakland, CA 94608
Multifamily Property For Sale
·
12 Units
Investment Highlights
- 5.21% cap rate (with in-place rents and pro forma expenses) which produces a 7.81% day-one cash-on-cash investment opportunity
- Owner has and can provide all drawings, floorplans, quotes and bids. Bids are approximately $50k and contemplated work affects only common areas
- North Oakland submarket has benefited from a renaissance in popularity due to its proximity and affordability relative to downtown Oakland and SF
- Tenants at the property have paid 100% of their rent since the advent of COVID in mid-March 2020. There is currently 0% delinquency at the property.
- Even with the strong, in-place rents at the property, remaining upside in the rents, based on projected market rents, is 23.3%.
Property Facts
| No. Units | 12 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 6,072 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1930 |
| Building Class | C | Parking Ratio | 0.49/1,000 SF |
| Zoning | R-40 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,072 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 0.49/1,000 SF |
| Zoning | R-40 |
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
| 1+1 | 1 | - | - |
Property Taxes
| Parcel Number | 015-1353-019-00 | Improvements Assessment | $1,725,377 |
| Land Assessment | $865,936 | Total Assessment | $2,607,293 |
Property Taxes
Parcel Number
015-1353-019-00
Land Assessment
$865,936
Improvements Assessment
$1,725,377
Total Assessment
$2,607,293
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