1290 26th Ave - Apartments FOR SALE


Oakland, CA 94601- Fruitvale
$3,695,000 USD
510-725-4775
1290 26th Ave, Oakland, CA for Sale
$3,695,000 USD
Apartments - FOR SALE
1/17
null | 7.49% Cap Rate

1290 26th Ave
Oakland, CA 94601
Fruitvale


HIGHLIGHTS

  • Twenty Four Units Comprised of Nineteen Studios, Two 1bd/1bth Units, and Three Retail Spaces Built in 1925
  • Excellent Value Add Mixed Use Property w/ Multiple Vacant Units to Renovate and All Major Upgrades Completed
  • Improvements Include Updated Electrical Panels, Boiler Replaced w/ Low Cost Heating, Multiple Renovated Units, and Upgraded Fire Alarm System
  • Full Size Basement for Parking Garage Conversion
  • Three Commercial Units may be Converted to Live/Work Apartments
  • Incredible Seller Financing Terms Available to Qualified Buyers - 4% IO for 7 Years Fixed

OVERVIEW

Value-Add Mixed Use investment in Fruitvale comprised of twenty-four total units. 1290 26th Ave was built in 1925 and features a unit mix of nineteen studios, two 1bd/1bth units and three retail spaces. The property has a Walk Score rating of 90, and is in close proximity to shopping, dining, and the Fruitvale BART station. Major upgrades have been done including new fire alarm system, electrical upgrades, boiler replaced, units remodeled, and more. Huge basement is open and available for adding ADUs. High cash flow with amazing seller financing terms available for qualified Buyers. Bordering the neighborhoods of Fruitvale and East Lake, the 26th Avenue Apartments provide a walkable Oakland setting with plenty to see, eat, and experience in the Bay Area. The neighborhood is just three miles from Downtown Oakland and about 14 miles from San Francisco's civic center. Explore International Boulevard, a fitting name for a place that houses taco shops, Cajun food, Thai food, and artisan coffee. 26th Avenue Apartments have the added benefit of being close to Interstate 880 and a few Bay Area Rapid Transit lines.

FOR SALE DETAILS

PRICE

$3,695,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

24

PRICE/UNIT

$153,958

CAP RATE

7.49%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Showing Mon 2/16 from 11:00AM-1:00PM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CN-3

APN/PARCEL ID

025-0744-001-00

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

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