670 14Th St, Oakland, CA 94612
6 Unit Apartment Building | $1,050,000 ($175,000/Unit) | 4.57% Cap Rate | Oakland, CA 94612
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,050,000
- Property Type
-
Multifamily
- Square Feet
- 3,293 SF
Listing Contacts
Robert Johnston
Verified Profile
Adam Levin
Verified Profile
Eymon Binesh
Verified Profile
Colter Carton
Verified Profile
- Property Info
Property Overview
ATTRACTIVE SELLER FINANCING AVAILABLE. The subject property offers qualified investors an attractive seller financing option at 5% IO, 70% LTV and a 5-year term.
670 14th Ave is a stunning six-unit investment opportunity located in the heart of Uptown located in the thriving city of Oakland, California.
Situated on a 4,461 square foot parcel of land, the subject property was originally constructed in 1952 and has a gross building area of approximately 3,293 square feet, offering spacious studio and one-bedroom floor plans.
Uptown, situated in the heart of Oakland, is a vibrant neighborhood that blends history with modernity. This area is renowned for its dynamic arts and entertainment scene, featuring a mix of restaurants, bars, and music venues. The neighborhood's historic charm is evident in its architecture and tree-lined streets, while its proximity to cultural attractions like the Fox Theater and the monthly Oakland Art Murmur art walk adds to its allure.
The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California.
The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 670 14th St presents an attractive choice for buyers due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
670 14th Ave is a stunning six-unit investment opportunity located in the heart of Uptown located in the thriving city of Oakland, California.
Situated on a 4,461 square foot parcel of land, the subject property was originally constructed in 1952 and has a gross building area of approximately 3,293 square feet, offering spacious studio and one-bedroom floor plans.
Uptown, situated in the heart of Oakland, is a vibrant neighborhood that blends history with modernity. This area is renowned for its dynamic arts and entertainment scene, featuring a mix of restaurants, bars, and music venues. The neighborhood's historic charm is evident in its architecture and tree-lined streets, while its proximity to cultural attractions like the Fox Theater and the monthly Oakland Art Murmur art walk adds to its allure.
The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California.
The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 670 14th St presents an attractive choice for buyers due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Property Details
- Class
- C
- Year Built
- 1952
- Stories
- 1
- Lot Size (sq. ft)
- 4,356 SF
- Units
- 6
Highlights
- The subject property offers qualified investors an attractive seller financing option at 5% IO, 70% LTV and a 5-year term.
- Investors have the opportunity to acquire a multifamily asset with high potential cash flow by increasing rents to market premiums.
- Buyers have the rare opportunity to acquire a stunning multifamily asset located in the heart of Oakland, California.
- Tenants enjoy easy access to the Bay Bridge, Interstate 880, Interstate 980, several BART Stations, and convenient bus services.
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