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Listed by Samuel Hayes, DRE #01842440 • NAI Northern California
$6,250,000
Est. payment /mo
22,361 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 22,361 sqft
Price per Sqft $279
MLS Listing ID EB41125456
Year Built 1963
Lot Size 0.310 Acres
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Introducing a rare large-scale value-add opportunity in Oakland's established residential corridor. This 42-unit, 22,361-square-foot multifamily asset presents investors with substantial lease-up and repositioning potential. The property is currently operating with significant vacancy, offering a rare chance to reset rents to market levels and implement strategic interior upgrades without waiting for natural turnover. In-place rents show notable variance, highlighting clear upside through improved management, renovations, and optimized tenant mix. Zoned RM-4 and constructed in 1963, the building provides scale and density that are increasingly difficult to replicate in today's regulatory environment.
Location
State CA
County Alameda
Area Oakland Zip Code 94602
Interior
Heating Gas, Wall Furnace
Cooling None
Flooring Laminate, Other, Stone, Vinyl, Carpet - Wall to Wall
Exterior
Garage Spaces 30.0
Roof Type Tar and Gravel
Building
Water Public
Others
Special Listing Condition Not Applicable
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