603 22nd St - Multi-Family FOR SALE


Oakland, CA 94612- Uptown Oakland
$2,950,000 USD
510-336-4721
603 22nd St, Oakland, CA for Sale
$2,950,000 USD
Multi-Family - FOR SALE
1/12
null | 5.49% Cap Rate

603 22nd St
Oakland, CA 94612
Uptown Oakland


HIGHLIGHTS

  • New construction - completed in 2021
  • Built to last - 40 year shingle roof, fire sprinklers, high-grade finishes including in-unit laundry
  • Separately metered for electric, gas, and sub-metered for water
  • Strong demand with 100% occupancy since lease up
  • Located in uptown Oakland, near plentiful dining and retail options in downtown and Jack London square

OVERVIEW

Introducing a rare opportunity to acquire a truly turn-key, brand-new construction 9-unit multifamily asset in Oakland — impeccably built, meticulously maintained, and fully rented since day one. Completed in early 2021 and constructed with uncompromising quality, this property delivers the upside of institutional-grade new construction with the upside flexibility to optimize rents. Zero vacancy, minimal capital needs, and operational simplicity make this a highly attractive acquisition for a buyer seeking both stability and growth. 603 22nd Street is situated in Oakland's vibrant uptown neighborhood, just minutes from Downtown Oakland and Jack London Square. This highly walkable, transit-oriented location offers quick access to BART, AC Transit, and major thoroughfares connecting to Berkeley and San Francisco. Surrounded by cafés, markets, and neighborhood amenities, the property attracts professionals seeking urban convenience and modern living. The area continues to experience strong rental demand and steady growth, making it one of Oakland’s most desirable multifamily submarkets.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$480 USD /SF

# OF UNITS

9

PRICE/UNIT

$327,778

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

008-0647-026-00

ASK ABOUT THIS PROPERTY

Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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