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1523-1527 8th Ave 20 Unit Apartment Building $4,536,740 CAD ($226,837 CAD/Unit) 7.62% Cap Rate Oakland, CA 94606
INVESTMENT HIGHLIGHTS
- Mostly 2- bedrooms
- Pitched roofs
EXECUTIVE SUMMARY
Located in the heart of Oakland, 1523–1537 8th Avenue is a 20-unit multifamily property built in 1961, featuring a mix of one- and two-bedroom units.
This lender-owned REO asset is situated in an amenity-rich neighborhood characterized by strong rental demand and long-term growth potential.
This lender-owned REO asset is situated in an amenity-rich neighborhood characterized by strong rental demand and long-term growth potential.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $4,536,740 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $226,837 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 7.62% | Building Size | 13,046 SF |
| Sale Condition | REO Sale | Average Occupancy | 85% |
| Gross Rent Multiplier | 7.6 | No. Stories | 2 |
| No. Units | 20 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-3 - Mixed Housing Type Residential | ||
| Price | $4,536,740 CAD |
| Price Per Unit | $226,837 CAD |
| Sale Type | Investment |
| Cap Rate | 7.62% |
| Sale Condition | REO Sale |
| Gross Rent Multiplier | 7.6 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 13,046 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | RM-3 - Mixed Housing Type Residential |
AMENITIES
UNIT AMENITIES
- Stainless Steel Appliances
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $2,373 CAD | 450 |
| 2+1 | 18 | $2,722 CAD | 675 |
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Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,901,931 CAD | |
| Land Assessment | $2,730,972 CAD | Total Assessment | $8,647,059 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,730,972 CAD
Improvements Assessment
$5,901,931 CAD
Total Assessment
$8,647,059 CAD
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1523-1527 8th Ave
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