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3203 14th Ave 9 Unit Apartment Building $1,853,523 CAD ($205,947 CAD/Unit) 6.71% Cap Rate Oakland, CA 94602
Investment Highlights
- Listed at a 6.7% Cap Rate with a solid upside in rents.
- Located next to Highland Hospital in Oakland.
- Easy access to Highway 580 on/off ramps
- GRM - Gross Rent Multiplier: 8.88
- 11 miles to downtown San Francisco
- Value add opportunity
Executive Summary
AiCRE Partners is pleased to exclusively offer for sale a compelling value-add multifamily investment opportunity in the heart of Oakland’s East Bay, strategically positioned adjacent to Highland Hospital and minutes from Downtown Oakland. The property benefits from excellent central location fundamentals, offering convenient
access to major employment centers, public transit, and regional connectivity, including a short commute across the Bay Bridge to San Francisco. The surrounding area is characterized by dense residential neighborhoods, strong renter demand, and proximity to major medical, institutional, and urban employment drivers that
support long-term housing stability.
access to major employment centers, public transit, and regional connectivity, including a short commute across the Bay Bridge to San Francisco. The surrounding area is characterized by dense residential neighborhoods, strong renter demand, and proximity to major medical, institutional, and urban employment drivers that
support long-term housing stability.
Property Facts
| Price | $1,853,523 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $205,947 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.71% | Building Size | 6,422 SF |
| Gross Rent Multiplier | 8.88 | Average Occupancy | 90% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | R50 | ||
| Price | $1,853,523 CAD |
| Price Per Unit | $205,947 CAD |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| Gross Rent Multiplier | 8.88 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,422 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 1956 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R50 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 022-0376-008-00 | Improvements Assessment | $190,036 CAD |
| Land Assessment | $99,849 CAD | Total Assessment | $289,885 CAD |
Property Taxes
Parcel Number
022-0376-008-00
Land Assessment
$99,849 CAD
Improvements Assessment
$190,036 CAD
Total Assessment
$289,885 CAD
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3203 14th Ave
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