4401 San Leandro St - Apartments FOR SALE


Oakland, CA 94601- Outer East Oakland
$11,200,000 USD
510-300-0218
4401 San Leandro St, Oakland, CA for Sale
$11,200,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

4401 San Leandro St
Oakland, CA 94601
Outer East Oakland


HIGHLIGHTS

  • Close to Public Transportation, BART & AC Transit
  • Easy Access to Downtown & Highways 80 & 580
  • Multi-level Lofts with High Ceilings
  • Skylights, Transom Windows, Abundant Natural Light, and Five Open Air Garden Courtyards
  • Oakland Rent Control Exemption
  • Strong Rental Upside and Potential

OVERVIEW

Newmark is pleased to present the opportunity to acquire a unique Live/Work property, Vulcan Lofts at 4401 San Leandro Street, Oakland, California. Vulcan Lofts consists of 57 units including two commercial units and three-day studios. The property was built in the 1920s and was the site of the Vulcan Iroworks Foundry. In 1986, it was converted to live/work loft units. Several units feature second story lofts and exposed timber beams. This distinct community has been home to artists and makers offering collaborative compounds, unique floor layouts, and common area courtyards. The Vulcan is well-known and has a rich tradition of attracting artists and creative individuals. The property is walking distance to the Fruitvale BART station, Highway 880, the Fruitvale Commercial District, and less than 1 mile to Alameda.

FOR SALE DETAILS

PRICE

$11,200,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

57

PRICE/UNIT

$196,491

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vulcan Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

IG

APN/PARCEL ID

034-2265-004-04

ASK ABOUT THIS PROPERTY

Tom LimonNewmarkMore Info
510-300-0218

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

Tom LimonNewmarkMore Info
510-300-0218

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