2451 Seminary Ave - Apartments FOR SALE


Oakland, CA 94605- Middle East Oakland
$2,550,000 USD
510-255-2248
2451 Seminary Ave, Oakland, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/20
null | 7.03% Cap Rate

2451 Seminary Ave
Oakland, CA 94605
Middle East Oakland


HIGHLIGHTS

  • 16,707 SF Building with 24 Units
  • (1) Two Bedrooms One Bathroom Unit | (17) One Bedroom One Bathroom Units | (6) Studio Units
  • Individually Metered for Gas and Electric
  • On-Site Secured Parking | On-Site Laundry (Additional Income)
  • Ample Storage Space
  • Located in an Opportunity Zone | Proximity to Macarthur BART

OVERVIEW

Prime 24-unit investment opportunity in Oakland, CA. Constructed in 1931, 2451 Seminary Ave boasts16,707 SF of space and a diverse unit mix of (1) Two Bedrooms One Bathroom Unit, (17) One Bedroom One Bathroom Units, and (6)Studio Units. Individually metered for gas and electric, the property offers some storage in the basement, some on-site garage parking, and laundry facilities for additional income. Situated in an opportunity zone and near Macarthur BART Station, this property offers immense potential for a savvy investor. View Disclosures and Submit Offers Here: https://app.disclosures.io/link/2451-Seminary-Avenue-kprxw8b8 Virtual Tours: • 108: https://my.matterport.com/show/?m=F4fg5htz7pM • 201: https://my.matterport.com/show/?m=FivGbnv6bet Please DO NOT disturb Tenants. Open House Schedules: • Wednesday, February 11th, between 10:30 AM and 11:30 AM • Wednesday, February 18th, between 10:30 AM and 11:30 AM OFFERS DUE: Offers will be reviewed upon receipt. Please make offers subject to inspections.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

24

PRICE/UNIT

$106,250

CAP RATE

7.03%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.03% CAP | $106K PER UNIT | 24 UNITS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,962 SF

ZONING

R-3, Oakland

APN/PARCEL ID

038-3183-008-00

ASK ABOUT THIS PROPERTY

Stephen PagonesCPG | Commercial Property GroupMore Info
510-255-2248

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Stephen PagonesCPG | Commercial Property GroupMore Info
510-255-2248

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