5492 Ruth Ave - Apartments FOR SALE


Oakland, CA 94601- Middle East Oakland
$895,000 USD
925-588-9740
5492 Ruth Ave, Oakland, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/21
null | 5.93% Cap Rate

5492 Ruth Ave
Oakland, CA 94601
Middle East Oakland


HIGHLIGHTS

  • 2019 Seismic Retrofit
  • Each unit includes: Individual garage, private storage closet, exterior space & dedicated water heater
  • All 2 bed room 1 bath units - 1 vacant unit
  • Built out basement with additional tenant storage and coin operated laundry facility
  • Professionally managed property
  • Rental upside potential

OVERVIEW

Fantastic opportunity to acquire a well-maintained 4-plex in the desirable Maxwell Park neighborhood of Oakland, ideal for both investors and owner-occupants. The property features four spacious 2-bedroom, 1-bathroom units, each offering a dedicated individual garage, private storage closet, exterior space, and a dedicated water heater. One unit is currently vacant and rent-ready, offering immediate leasing potential or an excellent opportunity for an owner-user to occupy. Significant upgrades enhance the building’s durability and functionality, including a 2019 seismic retrofit for improved structural safety and satisfy soft story compliance. The basement level has been thoughtfully built out, adding additional tenant storage closets and a convenient on-site laundry facility. The rear stairway has been completely rebuilt as well. With rents near market rate and one recently updated unit, this property provides stable income today with room for additional upside.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

5.93%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

036-2478-027-00

ASK ABOUT THIS PROPERTY

Ethan BergerNAI Northern CaliforniaMore Info
925-588-9740

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

Ethan BergerNAI Northern CaliforniaMore Info
925-588-9740

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