1362-1364 E 27th St - Apartments FOR SALE


Oakland, CA 94606- Highland Park
$1,225,000 USD
510-387-7049
1362-1364 E 27th St, Oakland, CA for Sale
$1,225,000 USD
Apartments - FOR SALE
1/18
null | 7.08% Cap Rate

1362-1364 E 27th St
Oakland, CA 94606
Highland Park


HIGHLIGHTS

  • Turn-Key & Low Maintenance: Extensive CapEx including a 2025 ADU, new electrical systems, and fresh exterior paint
  • Priced to Deliver a Day-One Yield of 7.08% CAP a premium return for turn-key product
  • Owner-User Flexibility: Brand new ADU offers luxury condo finishes ideal for a primary resident looking to offset housing costs
  • Location: Situated in the Highland Park / Bella Vista neighborhood with access to Lake Merritt, Downtown, and the I-580 corridor
  • Unit Mix of (4) Two-Bedroom and (2) One-Bedroom Units

OVERVIEW

Kidder Mathews is pleased to present Bella Vista Gardens 1364 East 27th Street, a meticulously renovated six-unit multifamily community situated in the heart of Oakland’s Highland Park. This asset represents a rare turn-key opportunity for investors seeking immediate cash flow or owner-users looking for a primary residence that pays for itself. Originally constructed in 1922, the property has undergone significant improvements. The centerpiece is a newly completed (2025) detached 2BR/1BA ADU, featuring high-end condo finishes and private ingress/egress, and air-conditioning. The main building comprises three spacious 2BR/1BA units and two 1BR/1BA units, nearly all of which have seen significant interior upgrades including new flooring, updated bathrooms, modern cabinetry, and dishwashers in select units—within the last three years. Recent capital expenditures have stripped away the "heavy lifting" typically associated with East Bay assets. Within the last six months, the property has received a fresh exterior paint scheme, new concrete walkways, upgraded main electrical panels and sub-panels, and secure perimeter fencing. With two units currently vacant, including the luxury ADU, the property offers the ultimate flexibility: achieve a 7.08% Cap Rate from day one or occupy the ADU as a premium owner-user suite while the remaining units subsidize your mortgage.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

6

PRICE/UNIT

$204,167

CAP RATE

7.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,490 SF

ZONING

RM1

APN/PARCEL ID

022-0356-048-00

ASK ABOUT THIS PROPERTY

Louis KwokKidder MathewsMore Info
510-387-7049

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Louis KwokKidder MathewsMore Info
510-387-7049

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