1736 23rd Ave - Apartments FOR SALE


Oakland, CA 94606- San Antonio
$1,495,000 USD
650-770-8356
1736 23rd Ave, Oakland, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/9
null | 5.38% Cap Rate

1736 23rd Ave
Oakland, CA 94606
San Antonio


HIGHLIGHTS

  • $115,000 Per Unit! - Immediate rent increases available on all units
  • Huge Upside in Rents and immediate increase to NOI through improved management efficiency
  • Two vacancies ready for immediate turnover and maximized rents , Electrical upgrade completed

OVERVIEW

1736 23rd Ave is a prime investment opportunity in Oakland consisting of 13 Units made up of (2) 2 bed 1 bath (4) 1 bed 1 bath (7) large studios. With two units vacant and renovated this property has immediate upside for any buyer. All units are due for rental increases as well as huge upside in rents for each unit. This massive property is 9,352 sq ft and has plenty of potential for any investor. For only $115,000 per unit this is one of the best priced properties in Oakland. Electrical has been upgraded throughout the property. Showing Units Friday January 16th from 9:30am - 11am . Please see link below for all due diligence and financials.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

13

PRICE/UNIT

$115,000

CAP RATE

5.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,800 SF

ZONING

RM2

APN/PARCEL ID

020-0205-016-00

ASK ABOUT THIS PROPERTY

Tony ZizzoCompass CommercialMore Info
650-770-8356

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Tony ZizzoCompass CommercialMore Info
650-770-8356

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