3206 Park Blvd - Apartments FOR SALE


Oakland, CA 94610- Ivy Hill
$1,295,000 USD
510-387-6820
3206 Park Blvd, Oakland, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/11
null | 7.24% Cap Rate

3206 Park Blvd
Oakland, CA 94610
Ivy Hill


HIGHLIGHTS

  • 2 Furnished Units
  • 4 Out of 5 units updated
  • Strong income. 2Airbnb Units ready day 1
  • Parking for 8 cars
  • One unit has outdoor space

OVERVIEW

Exceptional pride of ownership shines throughout this well-maintained 5-unit apartment property, offering a rare combination of stable income, upside potential, and turnkey flexibility. The building features three occupied units providing consistent cash flow, along with two beautifully remodeled and fully furnished vacant units that are ready for immediate occupancy or continued operation as short-term rentals. The furnished units have demonstrated strong Airbnb income potential, creating an attractive opportunity for investors seeking to maximize returns through a blend of traditional and short-term rental strategies. Thoughtful renovations, modern finishes, and turnkey furnishings make these units especially appealing to traveling professionals, medical staff, and visitors seeking extended-stay accommodations. Additional income-producing amenities include shared coin-operated laundry, while four private garages and four additional off-street parking spaces provide a valuable convenience rarely found in Oakland multifamily properties. The property's excellent condition reflects years of careful ownership and stewardship, minimizing deferred maintenance concerns and allowing a new owner to focus on growth and income generation. Ideally situated near shopping, dining, public transportation, and Oakland's vibrant cultural amenities, this property benefits from strong tenant demand and long-term rental stability. Whether you're seeking a cash-flowing asset, a value-add opportunity, or a multifamily property with proven short-term rental performance, this exceptional investment offers the best of all worlds.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

5

PRICE/UNIT

$259,000

CAP RATE

7.24%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

N/Av, Oakland

APN/PARCEL ID

023-0395-039-01

ASK ABOUT THIS PROPERTY

Gabriel GaliotheCompass CommercialMore Info
510-387-6820

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Gabriel GaliotheCompass CommercialMore Info
510-387-6820

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