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9235 Holly St 5 Unit Apartment Building $885,000 ($177,000/Unit) 7.45% Cap Rate Oakland, CA 94603
Investment Highlights
- Efficient configuration of four (4) 2-bed/1-bath units and one (1) 3-bed/2-bath unit catering to diverse renter profiles.
- Delivers a 7.45% stabilized cap rate and a low 9.33 GRM, underscoring immediate yield potential.
- Located in a walkable East Oakland submarket with multiple AC Transit bus lines and BART access within ±1.4 miles.
- 100% occupancy with a strong in-place average rent.
- Below-market rents present clear upside through strategic rent optimization and enhancements.
- Convenient access to East Bay transit corridors and major job centers, including downtown Oakland and regional employment hubs.
Executive Summary
Occupancy: 5/5 units filled
Current Gross Operating Income: $95,000
Compliant: Sewer Lateral, Sidewalk, and Soft Story complied.
Tenant Profile: 3/5 unit leases from 2023
Current Gross Operating Income: $95,000
Compliant: Sewer Lateral, Sidewalk, and Soft Story complied.
Tenant Profile: 3/5 unit leases from 2023
Property Facts
| Price | $885,000 | Apartment Style | Low-Rise |
| Price Per Unit | $177,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.45% | Building Size | 3,900 SF |
| Gross Rent Multiplier | 9.33 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 0.26/1,000 SF |
| Zoning | R40, Oakland | ||
| Price | $885,000 |
| Price Per Unit | $177,000 |
| Sale Type | Investment |
| Cap Rate | 7.45% |
| Gross Rent Multiplier | 9.33 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 0.26/1,000 SF |
| Zoning | R40, Oakland |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1.5 | 1 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 046-5422-009-00 | Improvements Assessment | $624,657 |
| Land Assessment | $455,124 | Total Assessment | $1,079,781 |
Property Taxes
Parcel Number
046-5422-009-00
Land Assessment
$455,124
Improvements Assessment
$624,657
Total Assessment
$1,079,781
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9235 Holly St
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