5445 Broadway - Apartments FOR SALE


Oakland, CA 94618- Rockridge
$2,295,000 USD
510-454-9708
5445 Broadway, Oakland, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/7
null | 5.87% Cap Rate

5445 Broadway
Oakland, CA 94618
Rockridge


HIGHLIGHTS

  • 5.87% Cap Rate (6.59% Market Cap Rate)
  • 10.73 Gross Rent Multiplier (9.91 Market GRM)
  • Walking Distance to Rockridge BART station
  • Charming neighborhood blocks from Claremont Country Club
  • Convenient access to retail shops and eateries along College Avenue
  • 5 gated parking spots

OVERVIEW

We are pleased to present 5445 Broadway, an 8-unit multifamily investment opportunity located in Oakland's highly sought after Rockridge neighborhood. Prime Location & Connectivity: Residents of Rockridge enjoy exceptional access to major employment hubs. Commuting is seamless with direct access to Highway 24 and I-580, and the Rockridge BART station Walkability & Lifestyle: The neighborhood's walkability score allows residents easy access to daily amenities, dining, and entertainment, fostering a desirable urban lifestyle Affluent & Educated Demographics: The neighborhood attracts a highly educated and affluent resident base, supporting strong rental demand and property values Significant capital improvements already completed: Polyurethane Foam Roof Earthquake permit, engineering & retrofit Garage Security Gate $100,000 in unit upgrades Replaced Federal Pacific Electrical Boxes Deck repair work to be completed by COE

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

8

PRICE/UNIT

$286,875

CAP RATE

5.87%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,999 SF

ZONING

-

APN/PARCEL ID

048A-7038-014-00

ASK ABOUT THIS PROPERTY

Joseph OwensMarcus & MillichapMore Info
510-454-9708

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Joseph OwensMarcus & MillichapMore Info
510-454-9708

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