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Fully Renovated 941 SF Avg Unit Size 1140 E 22nd St 5 Unit Apartment Building $2,407,962 CAD ($481,592 CAD/Unit) 6.42% Cap Rate Oakland, CA 94606
INVESTMENT HIGHLIGHTS
- Fully Renovated Five (5) Unit Apartment Community in Oakland’s Clinton Neighborhood
- Unit Mix consists of one (1) large 3-bedroom 2-bathroom unit totaling 1,100 square feet, one (1) 2-bedroom 2-bathroom, and three (3) 2-bedroom 1-bath
- Conveniently located in Clinton adjacent to Lake Merritt, less than two blocks to city bus lines, walking distance to the Lake Merritt BART station
- Rare opportunity to purchase a fully occupied turn-key asset with near-market rents
- Each unit contains a private balcony, modern gourmet kitchen, new bathrooms, huge closets, vinyl wood ?ooring, and recessed LED lighting
EXECUTIVE SUMMARY
The Mitchell Warren Team is pleased to present 1140 E 22nd Street, a fully-renovated 5-unit property located in Oakland's Clinton neighborhood. The property consists of one (1) large 3-bedroom 2- bathroom unit totaling 1,100 square feet, one (1) 2-bedroom 2- bathroom unit, and three (3) 2-bedroom 1-bathroom units. Each unit has its own private balcony, modern gourmet kitchen with premium appliances, new bathrooms, huge closets, vinyl wood ?ooring, recessed LED lighting, and brand new modern design laminate glass entry door. Each unit is also individually metered for Gas and Electricity, limiting the operating expenses. This is an excellent opportunity to acquire a fully occupied turn-key stabilized asset.
1140 E 22nd St is located in the charming Clinton Neighborhood of Oakland just blocks from Lake Merritt. Situated south of Grand Avenue, the location allows tenants the convenience of Trader Joe's, Starbucks Co?ee, and various cafes and shops, all within walking distance. Tenants may also indulge in the best of Oakland's restaurants and nightlife, including the charming Grand Lake Theatre just a short distance from the property. Commuters will appreciate the proximity of city bus lines and the Lake Merritt BART Station, allowing access to the entire Bay Area. This location will continue to demand premium tenants and maintain a low vacancy rate.
1140 E 22nd St is located in the charming Clinton Neighborhood of Oakland just blocks from Lake Merritt. Situated south of Grand Avenue, the location allows tenants the convenience of Trader Joe's, Starbucks Co?ee, and various cafes and shops, all within walking distance. Tenants may also indulge in the best of Oakland's restaurants and nightlife, including the charming Grand Lake Theatre just a short distance from the property. Commuters will appreciate the proximity of city bus lines and the Lake Merritt BART Station, allowing access to the entire Bay Area. This location will continue to demand premium tenants and maintain a low vacancy rate.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Yard
- Deck
- Double Pane Windows
- Family Room
- Freezer
- Lawn
- Linen Closet
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,100 |
| 2+2 | 1 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 022-0301-023-00 | Improvements Assessment | $1,442,379 CAD |
| Land Assessment | $1,123,098 CAD | Total Assessment | $2,565,477 CAD |
PROPERTY TAXES
Parcel Number
022-0301-023-00
Land Assessment
$1,123,098 CAD
Improvements Assessment
$1,442,379 CAD
Total Assessment
$2,565,477 CAD
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Fully Renovated 941 SF Avg Unit Size | 1140 E 22nd St
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