603 22nd St - Apartments FOR SALE


Oakland, CA 94612- Uptown Oakland
$2,650,000 USD
510-336-4721
603 22nd St, Oakland, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/12
null | 6.28% Cap Rate

603 22nd St
Oakland, CA 94612
Uptown Oakland


HIGHLIGHTS

  • Built to last: 40-year shingle roof, high-grade finishes including in unit laundry.
  • Separately metered for electric, gas, and sub-metered for water
  • 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.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$431 USD /SF

# OF UNITS

9

PRICE/UNIT

$294,444

CAP RATE

6.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 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.