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Located on the Piedmont Border 123-133 Echo Ave 8 Unit Apartment Building $3,339,828 CAD ($417,478 CAD/Unit) 5.79% Cap Rate Oakland, CA 94611

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Investment Highlights

Turnkey eight-unit building featuring three 2BD/1BA units and five 1BD/1BA units
Fully compliant with SB 721 and sewer lateral requirements, o?ering minimal deferred maintenance for the next owner.
Exceptional walkability with a 96 Walk Score, o?ering quick access to top restaurants, cafés, boutiques, and daily conveniences.

$300,000+ in recent capital improvements, including new windows, electrical and plumbing upgrades, tankless hot water heaters, and unit renovations
Prime A+ location, just steps from the City of Piedmont and one block from the vibrant Piedmont Avenue corridor
Transit-friendly location near AC Transit, the MacArthur BART Station, and major medical centers

Executive Summary

The Mitchell Warren Team is pleased to present 133 Echo Avenue, an exceptional turnkey eight-unit apartment building located just steps from the City of Piedmont in one of Oakland’s most coveted locations. The property offers an ideal unit mix of three 2BD/1BA units and five 1BD/1BA units, all benefiting from more than $300,000 in capital improvements completed over the past three years, including new windows, electrical and plumbing upgrades, tankless hot water heaters, and modern unit renovations. The building is SB 721 compliant and sewer lateral compliant, providing peace of mind and minimal deferred maintenance for the next owner. With updated major systems, strong unit mix, and unmatched walkability, 133 Echo Avenue represents a rare opportunity to acquire a fully improved, low- maintenance multifamily asset in a premier Oakland neighborhood.
133 Echo Avenue is ideally located one block from Piedmont Avenue and only 150 feet from the City of Piedmont’s border, offering unmatched access to one of Oakland’s most sought-after neighborhood corridors. Boasting a Walk Score of 96, residents can walk to an array of top restaurants, cafés, and local favorites along Piedmont Avenue, including Commis, Fenton’s Creamery, and Blue Bottle Coffee, while enjoying nearby grocery stores, boutique shopping, and daily conveniences. Commuters benefit from close proximity to AC Transit and the MacArthur BART Station, as well as major medical centers such as Kaiser Permanente and Sutter Health. With Grand Lake, Lake Merritt, and scenic outdoor amenities just minutes away, the property offers an exceptional blend of lifestyle, convenience, and true walkability in an A+ location.

Property Facts

Price	$3,339,828 CAD	Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Office Office Residential Multifamily Dormitory
Price Per Unit	$417,478 CAD	Apartment Style	Garden
Sale Type	Investment	Building Class	C
Cap Rate	5.79%	Lot Size	0.20 AC
Sale Condition	1031 Exchange	Building Size	6,617 SF
Gross Rent Multiplier	11.32	Average Occupancy	95%
No. Units	8	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1908/2019

Price	$3,339,828 CAD
Price Per Unit	$417,478 CAD
Sale Type	Investment
Cap Rate	5.79%
Sale Condition	1031 Exchange
Gross Rent Multiplier	11.32
No. Units	8
Property Type	Multifamily
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Office Office Residential Multifamily Dormitory
Apartment Style	Garden
Building Class	C
Lot Size	0.20 AC
Building Size	6,617 SF
Average Occupancy	95%
No. Stories	2
Year Built/Renovated	1908/2019