2100 51st Ave - Apartments FOR SALE


Oakland, CA 94601- Middle East Oakland
$2,700,000 USD
650-271-2308
2100 51st Ave, Oakland, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/46
null | 3.97% Cap Rate

2100 51st Ave
Oakland, CA 94601
Middle East Oakland


OVERVIEW

Fantastic opportunity for investors, this 18 unit apartment building is ready for its next chapter. The property consists of 15 one-bed/one-bath units and 3 studio units, occupied by a mix of tenants. Several units and the common areas have been remodeled with vinyl flooring and fresh paint. The exterior was also recently painted, giving the building a refreshed look. This property offers significant untapped potential, featuring 12 garages, a dedicated laundry room (currently unused), and a spacious basement now used for storage but with endless possibilities for added income or reconfiguration. This building is poised to deliver strong returns for the right investor. Don't miss this opportunity!

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

18

PRICE/UNIT

$150,000

CAP RATE

3.97%

% LEASED

78%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfax Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1932

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,338 SF

ZONING

RM-3

APN/PARCEL ID

036-2420-011-00

ASK ABOUT THIS PROPERTY

Helen YongeXp Realty of CaliforniaMore Info
650-271-2308

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Helen YongeXp Realty of CaliforniaMore Info
650-271-2308

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