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1035 8th Ave 2 Unit Apartment Building $543,200 CAD ($271,600 CAD/Unit) 5.13% Cap Rate Oakland, CA 94606
Investment Highlights
- TRANSIT-ORIENTED EAST LAKE LOCATION; 0.5 MILES TO BART, 0.5 MILES TO I-880 & 1.0 MILES I-580
- 1.5 MILES TO DOWNTOWN OAKLAND, 8.0 MILES TO DOWNTOWN SAN FRANCISCO, 0.6 MILES TO LAKE MERRITT
- OAKLAND BOUNCE BACK 8.8% EFFECTIVE RENT GROWTH SINCE Q3 2024
Executive Summary
Part of a 3 property, 26-unit portfolio
Property Facts
| Price | $543,200 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $271,600 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.13% | Building Size | 1,369 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.42 | No. Stories | 2 |
| No. Units | 2 | Year Built | 1904 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $543,200 CAD |
| Price Per Unit | $271,600 CAD |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 10.42 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,369 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1904 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 019-0019-007-00 | Improvements Assessment | $343,782 CAD |
| Land Assessment | $147,334 CAD | Total Assessment | $491,116 CAD |
Property Taxes
Parcel Number
019-0019-007-00
Land Assessment
$147,334 CAD
Improvements Assessment
$343,782 CAD
Total Assessment
$491,116 CAD
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1035 8th Ave
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