1331 87th Ave - Apartments FOR SALE


Oakland, CA 94621- Highland
$1,250,000 USD
669-238-8878
1331 87th Ave, Oakland, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

1331 87th Ave
Oakland, CA 94621
Highland


OVERVIEW

Seize a premier asset acquisition opportunity in the appreciating Oakland market. This fully remodeled, multi-family residence at 1331 87th Ave offers immediate positive cash flow and significant long-term equity growth potential. Both units have been completely remodeled, ensuring minimal initial capital expenditure for the new owner. The substantial backyard and side driveway offer a clear opportunity for the development of an Accessory Dwelling Unit (ADU), a proven strategy to increase property value and generate additional rental income. The asset boasts a new exterior, new interior finishes, a new roof, and new appliances, significantly reducing near-term maintenance liabilities and enhancing the depreciable asset base.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$401 USD /SF

# OF UNITS

2

PRICE/UNIT

$625,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Duplex with ADU Potential!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,946 SF

ZONING

RM-2 S-13

APN/PARCEL ID

042-4252-013-00

ASK ABOUT THIS PROPERTY

Mark CalocaRE/Max AccordMore Info
669-238-8878

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Mark CalocaRE/Max AccordMore Info
669-238-8878

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