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The Brooklyn 392 11th St 78 Unit Apartment Building $9,555,972 CAD ($122,512 CAD/Unit) 7.62% Cap Rate Oakland, CA 94607
Executive Summary
The Brooklyn is a seven-story mixed-use multifamily asset located in the heart of Downtown Oakland. The property features 78 furnished residential units, approximately 5,000 square feet of shared lounge and event space, and street-level retail income.
Renovated in 2018, the property benefits from extensive capital improvements including upgraded interiors, modernized building systems, and enhanced common areas. Situated steps from BART and major downtown amenities, the asset offers investors a unique opportunity to acquire a distinctive urban housing property with significant operational upside through lease-up and management optimization.
Property highlights include:
• 78 furnished residential units
• Street-level retail tenants
• Approximately 5,000 SF of lounge/event/co-working space
• Walk Score 99
• Renovated in 2018
• Transit-oriented Downtown Oakland location
• Value-add operational upside opportunity
• Steps from BART, restaurants, nightlife, and employment centers
Renovated in 2018, the property benefits from extensive capital improvements including upgraded interiors, modernized building systems, and enhanced common areas. Situated steps from BART and major downtown amenities, the asset offers investors a unique opportunity to acquire a distinctive urban housing property with significant operational upside through lease-up and management optimization.
Property highlights include:
• 78 furnished residential units
• Street-level retail tenants
• Approximately 5,000 SF of lounge/event/co-working space
• Walk Score 99
• Renovated in 2018
• Transit-oriented Downtown Oakland location
• Value-add operational upside opportunity
• Steps from BART, restaurants, nightlife, and employment centers
Property Facts
| Price | $9,555,972 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $122,512 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.62% | Building Size | 28,449 SF |
| No. Units | 78 | No. Stories | 7 |
| Property Type | Multifamily | Year Built/Renovated | 1913/2018 |
| Property Subtype | Apartment | ||
| Zoning | CBD-X - Central Business District zoning allowing multifamily and mixed-use urban development in Downtown Oakland. | ||
| Price | $9,555,972 CAD |
| Price Per Unit | $122,512 CAD |
| Sale Type | Investment |
| Cap Rate | 7.62% |
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 28,449 SF |
| No. Stories | 7 |
| Year Built/Renovated | 1913/2018 |
| Zoning | CBD-X - Central Business District zoning allowing multifamily and mixed-use urban development in Downtown Oakland. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Sprinkler System
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Furnished Units Available
- Wheelchair Accessible
- Media Center/Movie Theatre
- Smoke Free
- Wi-Fi
- Storage Space
- Elevator
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 80 - 183 |
| 1+1 | 58 | - | 80 - 181 |
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 002-0057-018-00 | Improvements Assessment | $8,042,645 CAD |
| Land Assessment | $1,631,211 CAD | Total Assessment | $9,673,856 CAD |
Property Taxes
Parcel Number
002-0057-018-00
Land Assessment
$1,631,211 CAD
Improvements Assessment
$8,042,645 CAD
Total Assessment
$9,673,856 CAD
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The Brooklyn | 392 11th St
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