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1364 E 27th St 6 Unit Apartment Building $1,498,365 CAD ($249,727 CAD/Unit) 8.35% Cap Rate Oakland, CA 94606
Investment Highlights
- Turn-Key & Low Maintenance: Extensive recent CAPEX such as solar panels, HVAC, in-unit laundry, new ADU, concrete walkway, fence, and exterior paint
- Owner-User Flexibility: Vacant ADU allows a buyer to move in immediately
- Modern Unit Mix of (3) Two-bedroom and (3) One-bedroom Units
- Day-One Yield of 8.35%
- Steps from Highland Hospital providing a consistent high quality tenant base of healthcare professionals
- Basement level has plumbing and electrical with potential for expansion or Laundry
Executive Summary
Kidder Mathews is pleased to present Bella Vista Gardens 1364 East 27th Street, a meticulously renovated six-unit multifamily community situated in the heart of Oakland’s Highland Park. This asset represents a rare turn-key opportunity for investors seeking immediate cash flow or owner-users looking for a primary residence that pays for itself.
Originally constructed in 1922, the property has undergone significant improvements. The centerpiece is a newly completed (2025) detached 2BR/1BA ADU, featuring high-end condo finishes and private ingress/egress, solar panels, and air-conditioning. The main building comprises two spacious 2BR/1BA units and three 1BR/1BA units, nearly all of which have seen significant interior upgrades including new flooring, updated bathrooms, modern cabinetry, and dishwashers in select units—within the last three years.
Other improvements includes a new concrete walkway, fencing system, and fresh exterior paint. In-unit washer/dryer is available in one of the units. There's a basement level with plumbing and electrical that can be developed into laundry room or an expansion.
Recent capital expenditures have stripped away the "heavy lifting" typically associated with East Bay assets. Within the last six months, the property has received a fresh exterior paint scheme, new concrete walkways, new solar panels, upgraded main electrical panels and sub-panels, and secure perimeter fencing. With a vacant freshly minted ADU, the property offers the ultimate flexibility: achieve a 8.35% Cap Rate from day one or occupy the ADU as a premium owner-user suite while the remaining units subsidize your mortgage.
Originally constructed in 1922, the property has undergone significant improvements. The centerpiece is a newly completed (2025) detached 2BR/1BA ADU, featuring high-end condo finishes and private ingress/egress, solar panels, and air-conditioning. The main building comprises two spacious 2BR/1BA units and three 1BR/1BA units, nearly all of which have seen significant interior upgrades including new flooring, updated bathrooms, modern cabinetry, and dishwashers in select units—within the last three years.
Other improvements includes a new concrete walkway, fencing system, and fresh exterior paint. In-unit washer/dryer is available in one of the units. There's a basement level with plumbing and electrical that can be developed into laundry room or an expansion.
Recent capital expenditures have stripped away the "heavy lifting" typically associated with East Bay assets. Within the last six months, the property has received a fresh exterior paint scheme, new concrete walkways, new solar panels, upgraded main electrical panels and sub-panels, and secure perimeter fencing. With a vacant freshly minted ADU, the property offers the ultimate flexibility: achieve a 8.35% Cap Rate from day one or occupy the ADU as a premium owner-user suite while the remaining units subsidize your mortgage.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,498,365 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $249,727 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 8.35% | Building Size | 12,996 SF |
| Gross Rent Multiplier | 8.56 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | ||
| Zoning | RM1 | ||
| Price | $1,498,365 CAD |
| Price Per Unit | $249,727 CAD |
| Sale Type | Investment |
| Cap Rate | 8.35% |
| Gross Rent Multiplier | 8.56 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 12,996 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | RM1 |
Amenities
Unit Amenities
- Granite Countertops
- Hardwood Floors
- Double Pane Windows
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 665 |
| 2+1 | 3 | - | 740 - 750 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 022-0356-048-00 | Total Assessment | $1,505,116 CAD |
| Land Assessment | $433,654 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,071,462 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
022-0356-048-00
Land Assessment
$433,654 CAD
Improvements Assessment
$1,071,462 CAD
Total Assessment
$1,505,116 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1364 E 27th St
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