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Fairfax Apartments 2100 51st Ave 18 Unit Apartment Building $3,768,984 CAD ($209,388 CAD/Unit) 8.88% Cap Rate Oakland, CA 94601
INVESTMENT HIGHLIGHTS
- 4 vacant units
- Value add
- 12 vacant garages
EXECUTIVE SUMMARY
Fantastic opportunity for investors, this 18 unit apartment building is ready for its next chapter. The property consists of 15 one-bed/one-bath units and 3 studio units, occupied by a mix of tenants. Several units and the common areas have been remodeled with vinyl flooring and fresh paint. The exterior was also recently painted, giving the building a refreshed look. This property offers significant untapped potential, featuring 12 garages, a dedicated laundry room (currently unused), and a spacious basement now used for storage but with endless possibilities for added income or reconfiguration. This building is poised to deliver strong returns for the right investor. Don't miss this opportunity!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $3,768,984 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $209,388 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 8.88% | Building Size | 14,266 SF |
| Gross Rent Multiplier | 6.55 | Average Occupancy | 78% |
| No. Units | 18 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1932 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Zoning | RM-3 | ||
| Price | $3,768,984 CAD |
| Price Per Unit | $209,388 CAD |
| Sale Type | Investment |
| Cap Rate | 8.88% |
| Gross Rent Multiplier | 6.55 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 14,266 SF |
| Average Occupancy | 78% |
| No. Stories | 4 |
| Year Built | 1932 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | RM-3 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Basement
- Intercom
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 425 |
| 1+1 | 15 | - | 650 |
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Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 036-2420-011-00 | Total Assessment | $2,135,442 CAD (2025) |
| Land Assessment | $586,773 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,548,669 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
036-2420-011-00
Land Assessment
$586,773 CAD (2025)
Improvements Assessment
$1,548,669 CAD (2025)
Total Assessment
$2,135,442 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Fairfax Apartments | 2100 51st Ave
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