123-133 Echo Ave - Apartments FOR SALE


Oakland, CA 94611- Piedmont Avenue
$2,395,000 USD
707-363-2463
123-133 Echo Ave, Oakland, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/37
null | 5.79% Cap Rate

123-133 Echo Ave
Oakland, CA 94611
Piedmont Avenue


HIGHLIGHTS

  • Turnkey eight-unit building featuring three 2BD/1BA units and five 1BD/1BA units
  • $300,000+ in recent capital improvements, including new windows, electrical and plumbing upgrades, tankless hot water heaters, and unit renovations
  • Fully compliant with SB 721 and sewer lateral requirements, o?ering minimal deferred maintenance for the next owner.
  • Prime A+ location, just steps from the City of Piedmont and one block from the vibrant Piedmont Avenue corridor
  • Exceptional walkability with a 96 Walk Score, o?ering quick access to top restaurants, cafés, boutiques, and daily conveniences.
  • Transit-friendly location near AC Transit, the MacArthur BART Station, and major medical centers

OVERVIEW

The Mitchell Warren Team is pleased to present 133 Echo Avenue, an exceptional turnkey eight-unit apartment building located just steps from the City of Piedmont in one of Oakland’s most coveted locations. The property offers an ideal unit mix of three 2BD/1BA units and five 1BD/1BA units, all benefiting from more than $300,000 in capital improvements completed over the past three years, including new windows, electrical and plumbing upgrades, tankless hot water heaters, and modern unit renovations. The building is SB 721 compliant and sewer lateral compliant, providing peace of mind and minimal deferred maintenance for the next owner. With updated major systems, strong unit mix, and unmatched walkability, 133 Echo Avenue represents a rare opportunity to acquire a fully improved, low- maintenance multifamily asset in a premier Oakland neighborhood. 133 Echo Avenue is ideally located one block from Piedmont Avenue and only 150 feet from the City of Piedmont’s border, offering unmatched access to one of Oakland’s most sought-after neighborhood corridors. Boasting a Walk Score of 96, residents can walk to an array of top restaurants, cafés, and local favorites along Piedmont Avenue, including Commis, Fenton’s Creamery, and Blue Bottle Coffee, while enjoying nearby grocery stores, boutique shopping, and daily conveniences. Commuters benefit from close proximity to AC Transit and the MacArthur BART Station, as well as major medical centers such as Kaiser Permanente and Sutter Health. With Grand Lake, Lake Merritt, and scenic outdoor amenities just minutes away, the property offers an exceptional blend of lifestyle, convenience, and true walkability in an A+ location.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

8

PRICE/UNIT

$299,375

CAP RATE

5.79%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Located on the Piedmont Border

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

012-0989-014-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.