219 John St - Apartments FOR SALE


Oakland, CA 94611- Piedmont Avenue
$1,100,000 USD
916-712-3990
219 John St, Oakland, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/47
null | 3.22% Cap Rate

219 John St
Oakland, CA 94611
Piedmont Avenue


HIGHLIGHTS

  • Opportunity to own a large Piedmont Ave triplex under $300/SF.
  • Value-add / repositioning investment with 80%+ rent upside.
  • Leverage ~80% LTV residential financing to maximize returns.
  • 0.2 miles from Piedmont Ave; 0.4 miles from a new Safeway Shopping Center; 1.0 miles from MacArthur BART.

OVERVIEW

Presenting 219 John Street, a rare opportunity to acquire a well-maintained 3-unit 3,914 SF multifamily property in the charming Piedmont Ave neighborhood, nestled between Rockridge and Grant Lake. This 1906 vintage Craftsman Style property sits on a quiet street with a healthy mix of single family and multifamily properties, just 0.2 miles from dining, shopping, and entertainment of Piedmont Ave. The property has a desirable unit mix featuring two (2) large 2bd/1ba units (Units 215 and 217) and one (1) large 3bd/3ba unit around the side (Unit 219). Tenants enjoy the timeless turn-of-the-century charm, the mature landscape and the ease of parking along the street when the driveway spot is unavailable. Please contact broker, Rob Chappell, for offering memorandum.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

3

PRICE/UNIT

$366,667

CAP RATE

3.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

219 John St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RM-2

APN/PARCEL ID

013-1111-006-00

ASK ABOUT THIS PROPERTY

Robert ChappellNAI Northern CaliforniaMore Info
916-712-3990

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Robert ChappellNAI Northern CaliforniaMore Info
916-712-3990

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