3012-3020 18Th St, Oakland, CA 94601

21 Unit Apartment Building | $2,900,000 ($138,095/Unit) | 10.97% Cap Rate | Oakland, CA 94601

Asking Price $2,900,000

Property Type: Multifamily
Square Feet: 13,762 SF

Listing Contacts

Kat Sellis

Verified Profile

Dan Leon

Verified Profile

Property Info

Property Overview

Huge Price Reduction! Distress Sale! Will require an All Cash buyer or large down payment!
Currently 4 units vacant.
*Please contact Daniel Leon 925.765.9000 for more information.
CAP and GRM are based on proforma
Property Highlights:
Location: Nestled in a cul-de-sac, this property provides a peaceful setting while being close to essential amenities.
Transportation: Conveniently located less than 1 mile from BART, ensuring easy access to public transportation.
Parking: Offers both off-road and on-road parking for tenants.
Community: Situated across from an elementary school, making it an ideal location for families.
Income Potential: Additional revenue from onsite laundry facilities.
Neighborhood: Located in the highly sought-after Oakland/Fruitvale area.
Don't miss out on this exceptional property!
*Cap Rate, GRM and NOI on based on pro Forma numbers and current expenses.

Property Details

Class: C
Year Built: 1965
Stories: 2
Lot Size (sq. ft): 18,295 SF
Units: 21

Highlights

Desirable Fruitvale Location 4 blocks from BART station
Separately metered for gas and electricity, 21 parking stalls in back of building
Opportunity Zone Two separate parcels, add Three ADU’s
2 story building with open air Courtyards, No interior halls to maintain!
No deferred maintenance and lots of natural light. Freshly painted exterior
All units are updated on turnover

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