1504 13th Ave - Apartments FOR SALE


Oakland, CA 94606- East Lake
$1,550,000 USD
510-759-6844
1504 13th Ave, Oakland, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/20
null | 7.78% Cap Rate

1504 13th Ave
Oakland, CA 94606
East Lake


HIGHLIGHTS

  • 8-unit Oakland multifamily property
  • Strong in-place cash flow at a 7.78% cap rate
  • Two vacant units provide immediate rent upside
  • Unit mix: six (6) 2-bedroom units and two (2) 3-bedroom units
  • Significant renovations completed in the 1990s during a legal conversion of a commercial space to residential use
  • Well-located urban asset with long-term appreciation potential

OVERVIEW

Introducing a solid multifamily investment opportunity in Oakland, California. Located at 1504 13th Avenue, this 8-unit apartment property offers strong in-place cash flow with meaningful upside. The asset is currently operating at a 7.78% cap rate, with two vacant units providing immediate opportunity to capture market rents. The property consists of six (6) two-bedroom units and two (2) three-bedroom units. Well positioned within Oakland’s urban core, the property benefits from proximity to transit, employment centers, and neighborhood amenities, supporting long-term appreciation. This is a straightforward, well-located multifamily asset ideal for investors seeking reliable income today with rent growth potential over time Well positioned the property benefits from proximity to transit, employment centers, and neighborhood amenities, supporting long-term appreciation. This is a straightforward, well-located multifamily asset ideal for investors seeking reliable income today with rent growth potential over time.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

8

PRICE/UNIT

$193,750

CAP RATE

7.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1897

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,006 SF

ZONING

C40, Oakland

APN/PARCEL ID

020-0169-012-00

ASK ABOUT THIS PROPERTY

Sam HayesNAI Northern CaliforniaMore Info
510-759-6844

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Sam HayesNAI Northern CaliforniaMore Info
510-759-6844

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