2601-2605 High St - Apartments FOR SALE


Oakland, CA 94619- Allendale
$2,000,000 USD
510-680-2437
2601-2605 High St, Oakland, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/24
null | 8.24% Cap Rate

2601-2605 High St
Oakland, CA 94619
Allendale


HIGHLIGHTS

  • Incredible mixed-use property at Brookdale & High Street features four street-facing commercial spaces with excellent visibility and foot traffic.
  • Unit mix includes 2 studios, 3 one-bed, 5 two-bed, and 1 three-bed unit, offering broad tenant appeal and strong rental income diversity.
  • Each unit is individually metered for gas and electric with separate water heaters, simplifying utility management and reducing operating costs.
  • Non-conforming unit presents a compelling opportunity for ADU conversion, adding potential value and flexibility to the investment.

OVERVIEW

Qualified investors are invited to acquire 2605 High Street in Oakland, California. Built in 1928, this well-maintained mixed-use property features 2 studio units, 3 one-bedroom/one-bath units, 5 two-bedroom/one-bath units, 1 three-bedroom/two-bath unit, and 4 commercial spaces. The property offers desirable upgrades, including LVT flooring in select units, newer dual-pane windows, and updated kitchens and bathrooms. 2605 High Street presents an attractive value-add opportunity, with potential upside through rent increases, capital expenditure pass-throughs and the possible conversion of the non-conforming unit in back. Disclosures: https://app.disclosures.io/link/2605-High-Street-ixpefrh0 Virtual Tours: • Unit 4158D: https://my.matterport.com/show/?m=ddsya9jupKT • Unit 4158E: https://my.matterport.com/show/?m=fJbYQBy885B

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

15

PRICE/UNIT

$133,333

CAP RATE

8.24%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

UNDER CONTRACT | 8.24% CAP | 15 UNITS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,417 SF

ZONING

-

APN/PARCEL ID

032-2058-024-00

ASK ABOUT THIS PROPERTY

Stephen PagonesCPG | Commercial Property GroupMore Info
510-680-2437

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

Stephen PagonesCPG | Commercial Property GroupMore Info
510-680-2437

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