4609 Bond St - Apartments FOR SALE


Oakland, CA 94601- Middle East Oakland
$4,195,000 USD
707-363-2463
4609 Bond St, Oakland, CA for Sale
$4,195,000 USD
Apartments - FOR SALE
1/14
null | 7.1% Cap Rate

4609 Bond St
Oakland, CA 94601
Middle East Oakland


HIGHLIGHTS

  • 28-unit multifamily property with an efficient unit mix of 16 studios and 12 one-bedroom/one-bathroom units.
  • Extensively renovated asset featuring remodeled interiors, upgraded electrical subpanels, plumbing and roof improvements, seismic upgrades
  • Immediate cash flow with additional upside through below-market rents and continued rental growth.
  • Prime Fruitvale location minutes from Fruitvale BART, International Boulevard, Interstate 580, and Interstate 880, providing convenient access through
  • Strong rental demand driven by proximity to Downtown Oakland, Jack London Square, Alameda, San Francisco, and numerous neighborhood retail and dining
  • Well-maintained investment opportunity with significant completed capital improvements, reducing near-term capital expenditure requirements

OVERVIEW

The Mitchell Warren Team is pleased to present 4609 Bond Street, a twenty-eight (28)-unit multifamily property located in Oakland's Fruitvale neighborhood. The approximately 15,464 square foot building features an attractive unit mix of sixteen (16) studio units and twelve (12) one-bedroom/one-bathroom units, providing broad tenant appeal and stable in-place income. A true turnkey investment, the property has undergone extensive capital improvements, including fully renovated interiors, upgraded electrical subpanels, plumbing and roof improvements, seismic upgrades, a new water heater, and a solar water heating system that enhances operating efficiency. The asset offers immediate cash flow with additional upside through below-market rents and continued rental growth. With its desirable unit mix, extensive upgrades, and long-term upside, 4609 Bond Street presents a compelling investment opportunity in one of Oakland's most established rental markets. The property is situated in Oakland’s Fruitvale neighborhood, just north of International Boulevard and minutes from Fruitvale BART, providing residents with convenient access to Downtown Oakland, San Francisco, and the greater Bay Area. The property benefits from immediate proximity to Foothill Boulevard, Interstate 580, and Interstate 880, allowing for excellent regional connectivity. Residents enjoy easy access to neighborhood restaurants, grocery stores, retail services, parks, and the vibrant Fruitvale commercial district, while nearby employment centers in Downtown Oakland, Jack London Square, Alameda, and San Francisco support strong rental demand. With continued public and private investment throughout East Oakland and excellent transportation options, the area remains an attractive location for renters seeking affordability and convenience.

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

28

PRICE/UNIT

$149,821

CAP RATE

7.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated in Fruitvale Neighborhood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,250 SF

ZONING

-

APN/PARCEL ID

035-2359-001-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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