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715-731 E 18th St
Oakland, CA 94606
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Located ½ mile from Lake Merritt and a 5-minute drive to Downtown Oakland
- 6.17% year-one cap rate, assumes market rent of $1,650 for the studio units and $1,950 for the 1 x 1 unit
- Mostly newer dual-pane windows, upgraded electrical, intercom system (2020)
- 8 of the 9 units are renovated with stainless steel appliances, oak cabinets, laminate flooring and granite countertops
- Well-maintained asset being offered for the first time in over 30 years
- Exceptional value-add opportunity to quickly lease four vacant, renovated units
Property Facts
| No. Units | 9 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 3,375 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1929 |
| Building Class | C | ||
| Zoning | CCD2 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,375 SF |
| No. Stories | 1 |
| Year Built | 1929 |
| Zoning | CCD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 1 | - | - |
Property Taxes
| Parcel Number | 021-0219-002-00 | Improvements Assessment | $1,174,323 |
| Land Assessment | $573,048 | Total Assessment | $1,747,371 |
Property Taxes
Parcel Number
021-0219-002-00
Land Assessment
$573,048
Improvements Assessment
$1,174,323
Total Assessment
$1,747,371
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