Log In/Sign Up
Your email has been sent.
2151 E 24th St 5 Unit Apartment Building $1,100,359 CAD ($220,072 CAD/Unit) 6.84% Cap Rate Oakland, CA 94606
Investment Highlights
- (4) 2 Bed/1 Bath + (1) 1 Bed/1 Bath
- Value Add Opportunity - 3 Long Term Tenants
- Central Oakland Location - Quiet Neighborhood
Executive Summary
• 2151 E 24th Street is a well-maintained Victorian-style 5-unit building in Oakland's desirable Highland Terrace neighborhood.
• The property features (4) Two Bed/One Bath units and (1) One Bed/One Bath with desirable floor plans that attract and maintain long-term, reliable tenants.
• Built in 1940, the ±3,452 sq. ft. building features classic wood construction and siding on a concrete perimeter foundation and a pitched composition shingle roof.
• The ±7,000 sq. ft. parcel features ample parking with 5 assigned spaces to the rear of the property plus 2 tandem parking spaces on the right side of the building and the minimal landscaping makes for easy maintenance.
• 2151 E 24th Street presents a strong value-add opportunity with substantial income upside in a high-demand rental market. Each unit has a private entrance and the property has shared laundry facilities for added convenience and income.
• The property features (4) Two Bed/One Bath units and (1) One Bed/One Bath with desirable floor plans that attract and maintain long-term, reliable tenants.
• Built in 1940, the ±3,452 sq. ft. building features classic wood construction and siding on a concrete perimeter foundation and a pitched composition shingle roof.
• The ±7,000 sq. ft. parcel features ample parking with 5 assigned spaces to the rear of the property plus 2 tandem parking spaces on the right side of the building and the minimal landscaping makes for easy maintenance.
• 2151 E 24th Street presents a strong value-add opportunity with substantial income upside in a high-demand rental market. Each unit has a private entrance and the property has shared laundry facilities for added convenience and income.
Property Facts
| Price | $1,100,359 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $220,072 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.84% | Building Size | 3,452 SF |
| Gross Rent Multiplier | 8.97 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 2.03/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-50, Oakland - Apartments | ||
| Price | $1,100,359 CAD |
| Price Per Unit | $220,072 CAD |
| Sale Type | Investment |
| Cap Rate | 6.84% |
| Gross Rent Multiplier | 8.97 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,452 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 2.03/1,000 SF |
| Zoning | R-50, Oakland - Apartments |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 022-0326-026-00 | Improvements Assessment | $122,773 CAD |
| Land Assessment | $50,651 CAD | Total Assessment | $163,748 CAD |
Property Taxes
Parcel Number
022-0326-026-00
Land Assessment
$50,651 CAD
Improvements Assessment
$122,773 CAD
Total Assessment
$163,748 CAD
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2151 E 24th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.