5476 Vicente Way - Apartments FOR SALE


Oakland, CA 94609- Shafter
$2,299,999 USD
669-219-1589
5476 Vicente Way, Oakland, CA for Sale
$2,299,999 USD
Apartments - FOR SALE
1/20
null | 7.97% Cap Rate

5476 Vicente Way
Oakland, CA 94609
Shafter


HIGHLIGHTS

  • Opportunity to purchase a well-performing six-unit multifamily asset with low expenses and coin laundry upside potential.
  • Moments away from the brand-new Whole Foods, Alem's Coffee, Temescal Farmers' Market, and local dining favorites on Claremont Avenue.
  • 5476 Vicente Way has a diverse mix of three-bed/two-bath, two-bed/one-bath, and one-bed/one-bath units.
  • Getting around is easy; the Rockbridge BART station is only 0.8 miles away, and Interstates 580, 880, and 80 are reached within a five-minute drive.
  • Residents enjoy the recent upgrades to carpets, appliances, and lighting, plus on-site laundry and off-street parking.

OVERVIEW

5476 Vicente Way consists of six apartments on a 10,000-square-foot lot. The property is perfect for an owner-occupant or investor looking to add an A-plus asset to their portfolio. Each unit is separately metered for Pacific Gas and Electric Company (PG&E) and East Bay Municipal Utility District (EBMUD). The front building consists of two new three-bedroom, two-bathroom bottom units spanning 1,300 square feet. The back building includes three two-bedroom, one-bathroom units, and one one-bedroom, one-bathroom apartment. All rear building units span 876 square feet. Recent upgrades to 5476 Vicente Way include new carpet, appliances, and lighting in several units. Off-street parking is available for tenants. Laundry is also included in the front building for all units, and adding coin laundry could provide the prospective owner with more upside potential. This property is in a highly desirable Lower Rockridge location with a Walk Score of 91 and a Bike Score of 95. The apartment community is just one block from Claremont Avenue and the Temescal Farmers' Market, and two blocks from the new Whole Foods in the brand-new mixed-use commercial building. 5476 Vicente Way is also minutes from the vibrant restaurants and shops along College Avenue. The proximity to UCSF Children's Hospital, Kaiser, Rockridge, and MacArthur BART Stations, as well as major Interstates 580, 880, and 80, makes it incredibly convenient. The area is extremely close to the Claremont/Telegraph restaurant and bar scene, making it an ideal spot for both living and leisure.

FOR SALE DETAILS

PRICE

$2,299,999 USD

PRICE/SF

$377 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,333

CAP RATE

7.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R4

APN/PARCEL ID

014-1228-011-02

ASK ABOUT THIS PROPERTY

Dominic GluhaichSterling VenturesMore Info
669-219-1589

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Dominic GluhaichSterling VenturesMore Info
669-219-1589

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