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Back On Market | 8.24% CAP | 15 UNITS 2601-2605 High St 15 Unit Apartment Building $2,791,840 CAD ($186,123 CAD/Unit) 8.24% Cap Rate Oakland, CA 94619
INVESTMENT HIGHLIGHTS
- Incredible mixed-use property at Brookdale & High Street features four street-facing commercial spaces with excellent visibility and foot traffic.
- Each unit is individually metered for gas and electric with separate water heaters, simplifying utility management and reducing operating costs.
- Unit mix includes 2 studios, 3 one-bed, 5 two-bed, and 1 three-bed unit, offering broad tenant appeal and strong rental income diversity.
- Non-conforming unit presents a compelling opportunity for ADU conversion, adding potential value and flexibility to the investment.
EXECUTIVE SUMMARY
Qualified investors are invited to acquire 2605 High Street in Oakland, California. Built in 1928, this well-maintained mixed-use property features 2 studio units, 3 one-bedroom/one-bath units, 5 two-bedroom/one-bath units, 1 three-bedroom/two-bath unit, and 4 commercial spaces. The property offers desirable upgrades, including LVT flooring in select units, newer dual-pane windows, and updated kitchens and bathrooms. 2605 High Street presents an attractive value-add opportunity, with potential upside through rent increases, capital expenditure pass-throughs and the possible conversion of the non-conforming unit in back.
Disclosures: https://app.disclosures.io/link/2605-High-Street-ixpefrh0
Virtual Tours:
• Unit 4158D: https://my.matterport.com/show/?m=ddsya9jupKT
• Unit 4158E: https://my.matterport.com/show/?m=fJbYQBy885B
Submit Offers Here: https://app.disclosures.io/link/2605-High-Street-ixpefrh0
Disclosures: https://app.disclosures.io/link/2605-High-Street-ixpefrh0
Virtual Tours:
• Unit 4158D: https://my.matterport.com/show/?m=ddsya9jupKT
• Unit 4158E: https://my.matterport.com/show/?m=fJbYQBy885B
Submit Offers Here: https://app.disclosures.io/link/2605-High-Street-ixpefrh0
PROPERTY FACTS
| Price | $2,791,840 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $186,123 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 8.24% | Building Size | 8,592 SF |
| Gross Rent Multiplier | 7.75 | Average Occupancy | 80% |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment |
| Price | $2,791,840 CAD |
| Price Per Unit | $186,123 CAD |
| Sale Type | Investment |
| Cap Rate | 8.24% |
| Gross Rent Multiplier | 7.75 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 8,592 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1928 |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 550 - 675 |
| Studios | 2 | - | 500 |
| 1+1 | 3 | - | 550 - 575 |
| 2+1 | 5 | - | 609 - 675 |
| 3+2 | 1 | - | 850 |
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 032-2058-024-00 | Improvements Assessment | $2,481,503 CAD |
| Land Assessment | $818,978 CAD | Total Assessment | $3,300,482 CAD |
PROPERTY TAXES
Parcel Number
032-2058-024-00
Land Assessment
$818,978 CAD
Improvements Assessment
$2,481,503 CAD
Total Assessment
$3,300,482 CAD
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Back On Market | 8.24% CAP | 15 UNITS | 2601-2605 High St
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