0 Property Taxes - MAI Apprasal $3,630M-Fixer 1810 E 25th St 23 Unit Apartment Building $5,471,632 CAD ($237,897 CAD/Unit) Oakland, CA 94606

Highland Palms is a 23-unit market rate apartment complex located in Oakland. The property is comprised of 2 three story buildings with 8 one bedroom/ one bathroom, 14 two bedroom/ one bathroom, and 1 three bedroom/ one bathroom units with 19 parking spaces. Amenities include secure access, gated on-site parking, granite counter tops, dual pane windows and individually metered gas and electric. Located in Oakland’s Highland Park neighborhood. Two thirds of the property were completely rebuilt resulting from a fire to include new electrical. 13 out of 23 units remodeled, kitchen w/ granite countertops, updated laminate floors, lighting, appliances, baths w/ tile, newer dual pane windows, gated on-site parking, secure access. Individually metered for gas & electricity. Part of the building has new electric. Investors will receive a full tax abatement from the regulatory agreement in place. Investor to receive a 100% waiver of Ad Valorem property taxes. The Highland Palms Apartments, located at 1810 E 25th Street in Oakland's desirable Highland Park neighborhood, represent a compelling multi-family investment opportunity. The property is comprised of two sturdy, wood-frame buildings with stucco exteriors, offering a total of 12,608 square feet of living space on a 14,000 sq ft lot. This wellmaintained complex, originally built in 1961 and renovated in 1985, features a highly sought-after unit mix designed to attract and retain a stable tenant base. The property features an optimal blend of unit types tailored to the local demand for workforce housing. Situated in East Oakland's Highland Terrace area, the property offers residents a central and accessible location. It is minutes away from everyday amenities, including shops, restaurants in the nearby Glenview District, Lake Merritt, and Highland Hospital. Construction is typical wood framing with concrete foundation walls raised to create a partial basement on the southern portion and slab on grade foundation on the northern portion. The exterior finishes consist of painted brick veneer and stucco siding. The flat roof contains built up covering. Units are heated by electric wall heaters. Domestic hot water is provided by individual hot water heaters for each building. Domestic water lines are copper. Electrical wiring is observed as copper. Although the property is 100% affordable, market rents in the subject area are currently lower than the max allowable rents determined by the County, making it no issue while taking advantage of the tax abatement. The Regulatory Agreement allows for a waiver of Ad Valorem property taxes. Highland Palms in Oakland, CA, is a diverse, hilly, working-class neighborhood known for its historic Craftsman homes, strong Asian and African American communities, and proximity to Highland Hospital, offering an urbansuburban mix with parks, cafes, and good transit access, though some sources note lower-income challenges alongside its potential for renovation and vibrant local character. Features local bodegas, cafes, parks (like Peralta Hacienda Historical Park, Bella Vista Park), and is close to the Dimond District's shops and restaurants. Good access to public transit and freeways, with bus lines serving the area. Diverse, with significant Hispanic and Asian; a mix of long-time residents and newer families. A mix of historic Craftsman bungalows, many built in the 1920s, alongside smaller multi-unit buildings, with opportunities for renovation and restoration. Highland Palms blends historic charm with urban realities, offering affordable living with great potential and a strong sense of community, particularly appealing to those seeking proximity to medical facilities and a diverse, established neighborhood. You will appreciate the neighborhood amenities near Highland Palms. This part of Oakland is bike friendly, so you get around town easily. You can go for a walk in one of the neighborhood parks. If you like to walk, you will find streets lined with trees and sidewalks that are well-lit at night. Residents in this neighborhood consider the area to be walkable with stores, public transportation, and shops nearby. The complex is close to the Fruitvale Transit Village and Bart Station. The property at Highland Palms in Oakland, has strong investment potential due to its proximity to major employers, transportation routes, shopping centers, dining venues, and entertainment options. It is an attractive option for renters seeking convenience and accessibility. The combination of a robust economy and desirable location make this property a promising investment opportunity in the Oakland real estate market.