1620 Fruitvale Ave - Apartments FOR SALE


Oakland, CA 94601- Fruitvale
$2,950,000 USD
510-336-4712
1620 Fruitvale Ave, Oakland, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/7
null | 5.5% Cap Rate

1620 Fruitvale Ave
Oakland, CA 94601
Fruitvale


OVERVIEW

Property is located in the vibrant Fruitvale district of Oakland. This property is located within walking distance to the Fruitvale BART station and other forms of public transportation. Numerous commercial and retail uses are located minutes from the property. Property is in great condition, and the exterior has been painted in the last 5 years, as well the property has being well maintained. The sale also includes the lot next to the property that is currently being used as a parking lot by the tenants. The adjoining lot presents an opportunity for the possibility of additional development of the property. There is tremendous upside potential in the current rents.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

30

PRICE/UNIT

$98,333

CAP RATE

5.5%

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,807 SF

ZONING

R-60, Oakland

APN/PARCEL ID

033-2119-013-00

ASK ABOUT THIS PROPERTY

Tim RichardsonNAI Northern CaliforniaMore Info
510-336-4712

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Tim RichardsonNAI Northern CaliforniaMore Info
510-336-4712

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