3639 Patterson Ave - Apartments FOR SALE


Oakland, CA 94619- Redwood Heights
$995,000 USD
707-363-2463
3639 Patterson Ave, Oakland, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/14
null | 6.11% Cap Rate

3639 Patterson Ave
Oakland, CA 94619
Redwood Heights


HIGHLIGHTS

  • Includes three 2-bedroom/1-bath units and one 3-bedroom/2-bath unit, each averaging over 1,000 square feet with private outdoor space
  • Features four off-street parking spaces, an on-site laundry room, and a shared rear yard for tenant enjoyment.
  • Provides strong in-place cash flow with long-term value-add potential through strategic rent adjustments and unit renovations.
  • Situated above Highway 580 at the border of Redwood Heights and the Laurel District, offering both convenience and neighborhood charm.
  • Walkable access to popular restaurants, cafés, and markets, plus proximity to major employers like Kaiser Permanente and Highland Hospital
  • Easy access to AC Transit, BART stations, and major freeways for seamless commuting throughout the Bay Area.

OVERVIEW

Well-maintained fourplex perfect for an owner-occupant or investor, the property is located in Oakland’s desirable Redwood Heights neighborhood. Built in 1966, the property features three spacious 2-bedroom/1-bath units and one large 3-bedroom/2-bath unit, averaging over 1,000 square feet, each with private outdoor space. The ground floor includes two large 2-bed/1-bath units and the on-site laundry room, while the top floor offers a spacious 3-bed/2-bath unit and an additional 2-bed/1-bath unit. With four off-street parking spaces, a shared rear yard, excellent in-place cash flow, and strong long-term upside, this property represents an exceptional opportunity in one of Oakland’s most desirable neighborhoods. Located above Highway 580 on the border of Redwood Heights and the Laurel District, this property offers a prime combination of convenience and neighborhood charm. Residents enjoy walkable access to popular restaurants, coffee shops, and markets—from the beloved Sequoia Diner and Degrees Plato Taproom in the Laurel District to the cozy cafés and eateries along Redwood Road. For commuters, the property is well-connected with AC Transit routes, nearby BART stations, and quick freeway access for seamless travel throughout the Bay Area. The location is also just minutes from major employers like Kaiser Permanente, Highland Hospital, and the Port of Oakland, driving strong and consistent rental demand. This neighborhood remains one of Oakland’s most desirable areas for tenants, making it an exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

6.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Laurel District | Units Averaging 1,000+ SF

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

-

APN/PARCEL ID

030-1912-008-01

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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