1810 E 25th St - Apartments FOR SALE


Oakland, CA 94606- Highland Terrace
$2,800,000 USD
510-433-5816
1810 E 25th St, Oakland, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/7
null | 9.37% Cap Rate

1810 E 25th St
Oakland, CA 94606
Highland Terrace


HIGHLIGHTS

  • Ad Valorem Property Tax Abatement via Regulatory Agreements
  • Massive Discount To Replacement Cost
  • Amenities Include Controlled Access & On-Site Parking
  • Attractive Price of $121,739 per Unit.
  • $222 Price per SF.
  • Exceptional Connectivity to the Bay Area via Public Transportation, I-580, and Oakland International Airport

OVERVIEW

1810 E 25th St is being offered as a single asset. All investors should base their offer and pricing on the “As Is, Where Is” condition of the assets. This property consists of 23 units presenting a unique and strategic opportunity for an investor to rapidly establish a substantial presence in Oakland. 1810 E 25th St presents a compelling opportunity for a workforce housing investment. The asset offers investors a reliable and consistent revenue stream, driven by the growing demand for affordable housing in the East Oakland market. The property benefits from exceptional connectivity to the Bay Area, with convenient access to Lake Merritt, Interstate 580 & 880, and proximity to Oakland International Airport, allowing residents several transportation options and ease of access to key regions throughout the Bay. 1810 E 25th St features an exceptional unit mix with a particularly strong concentration of highly desirable one-bedroom, two-bedroom, and three-bedroom units. The portfolio’s unit mix paired with strong demand for workforce housing ensures landlords benefit from natural turnover, minimizing loss-to-lease risks associated with the city’s stringent rent control regulations.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

23

PRICE/UNIT

$121,739

CAP RATE

9.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Palms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RES

APN/PARCEL ID

022-0353-016-01

ASK ABOUT THIS PROPERTY

Ryan RodriguezColliersMore Info
510-433-5816

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Ryan RodriguezColliersMore Info
510-433-5816

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