1537 8th Ave - Apartments FOR SALE


Oakland, CA 94606- East Lake
$3,175,000 USD
559-304-6134
1537 8th Ave, Oakland, CA for Sale
$3,175,000 USD
Apartments - FOR SALE
1/26
null | 7.83% Cap Rate

1537 8th Ave
Oakland, CA 94606
East Lake


OVERVIEW

The Shivu Srinivasan Team has been retained as the exclusive listing broker for 1523–1537 8th Ave, a rare opportunity to acquire a well-located, extensively renovated 20-unit multifamily asset in Oakland’s Clinton neighborhood. The property features a desirable unit mix of (18) 2bd/1ba and (2) 1bd/1ba units, with 17 units already renovated to a modern standard. With several recent upgrades and minimal deferred maintenance, this asset boasts strong in-place cash flow with additional upside as remaining units are turned. Over the past several years, the property has undergone significant capital improvements, including updated interiors, new finishes, upgraded building systems, and improved curb appeal. The renovated units feature contemporary kitchens, updated bathrooms, modern flooring, and dual-pane windows. Common areas and exterior surfaces have also been well maintained, making this a turnkey investment in a neighborhood seeing continued demand and growth. Situated in the centrally located Clinton neighborhood, the property benefits from close proximity to Lake Merritt, Highland Hospital, and vibrant retail corridors along International Blvd and 8th Ave. Easy access to BART, AC Transit, and major freeways connects tenants to Downtown Oakland, San Francisco, and the greater East Bay job market. The property is currently in pre-foreclosure and is being offered subject to short sale approval by the lender. All offers must be contingent upon bank approval. Please reach out to listing brokers for details.

FOR SALE DETAILS

PRICE

$3,175,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

20

PRICE/UNIT

$158,750

CAP RATE

7.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1523–1537 8TH AVENUE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RM-3

APN/PARCEL ID

020-0175-006-00

ASK ABOUT THIS PROPERTY

Shivu SrinivasanTranswestern Real Estate ServicesMore Info
559-304-6134

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Shivu SrinivasanTranswestern Real Estate ServicesMore Info
559-304-6134

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