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33 Home Pl E 5 Unit Apartment Building $1,884,493 CAD ($376,899 CAD/Unit) 8.06% Cap Rate Oakland, CA 94610
Investment Highlights
- ADU Potential with partially built out basement unit
- Seismic and SB-721 Compliant
- High In Place Cash Flow
- Large units
Executive Summary
33 Home Place East, a unique five-unit apartment complex in the heart of Oakland’s Ivy Hill Neighborhood. The property features (3) large two-bedroom units and (2) three-bedroom, one-bathroom units. This property also features a 500 sf basement below with full bath for potential ADU in the future (Buyer to do their own research)
Situated near the end of a quiet cul-de-sac, tenants are offered security with easy access to the 580 freeway and local shops and restaurants. This day-one cash-flowing property offers rental upside and is strategically positioned to deliver long-term returns through unit remodels and upgrades. The property’s ability to attract premium tenants and maintain a meager vacancy rate provides potential investors security and stability.
The property has been seismically retrofitted and is SB-721 compliant.
Situated near the end of a quiet cul-de-sac, tenants are offered security with easy access to the 580 freeway and local shops and restaurants. This day-one cash-flowing property offers rental upside and is strategically positioned to deliver long-term returns through unit remodels and upgrades. The property’s ability to attract premium tenants and maintain a meager vacancy rate provides potential investors security and stability.
The property has been seismically retrofitted and is SB-721 compliant.
Property Facts
| Price | $1,884,493 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $376,899 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 8.06% | Building Size | 5,019 SF |
| Gross Rent Multiplier | 8.82 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Price | $1,884,493 CAD |
| Price Per Unit | $376,899 CAD |
| Sale Type | Investment |
| Cap Rate | 8.06% |
| Gross Rent Multiplier | 8.82 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,019 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1949 |
| Parking Ratio | 0.8/1,000 SF |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | 900 |
| 3+1 | 2 | - | 1,100 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 023-0403-020-01 | Improvements Assessment | $431,593 CAD |
| Land Assessment | $184,661 CAD | Total Assessment | $616,254 CAD |
Property Taxes
Parcel Number
023-0403-020-01
Land Assessment
$184,661 CAD
Improvements Assessment
$431,593 CAD
Total Assessment
$616,254 CAD
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33 Home Pl E
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