392 11th St - Apartments FOR SALE


Oakland, CA 94607- Chinatown
$6,950,000 USD
415-312-7706
392 11th St, Oakland, CA for Sale
$6,950,000 USD
Apartments - FOR SALE
1/48
null | 7.62% Cap Rate

392 11th St
Oakland, CA 94607
Chinatown


OVERVIEW

The Brooklyn is a seven-story mixed-use multifamily asset located in the heart of Downtown Oakland. The property features 78 furnished residential units, approximately 5,000 square feet of shared lounge and event space, and street-level retail income. Renovated in 2018, the property benefits from extensive capital improvements including upgraded interiors, modernized building systems, and enhanced common areas. Situated steps from BART and major downtown amenities, the asset offers investors a unique opportunity to acquire a distinctive urban housing property with significant operational upside through lease-up and management optimization. Property highlights include: • 78 furnished residential units • Street-level retail tenants • Approximately 5,000 SF of lounge/event/co-working space • Walk Score 99 • Renovated in 2018 • Transit-oriented Downtown Oakland location • Value-add operational upside opportunity • Steps from BART, restaurants, nightlife, and employment centers

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

78

PRICE/UNIT

$89,103

CAP RATE

7.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Brooklyn

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CBD-X

APN/PARCEL ID

002-0057-018-00

ASK ABOUT THIS PROPERTY

Mike WahbaGlobal I. N. Inc.More Info
415-312-7706

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Mike WahbaGlobal I. N. Inc.More Info
415-312-7706

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