Log In/Sign Up
Your email has been sent.
603 22nd St 9 Unit Apartment Building $4,067,843 CAD ($451,983 CAD/Unit) 5.49% Cap Rate Oakland, CA 94612
INVESTMENT HIGHLIGHTS
- New construction - completed in 2021
- Separately metered for electric, gas, and sub-metered for water
- Located in uptown Oakland, near plentiful dining and retail options in downtown and Jack London square
- Built to last - 40 year shingle roof, fire sprinklers, high-grade finishes including in-unit laundry
- Strong demand with 100% occupancy since lease up
EXECUTIVE SUMMARY
Introducing a rare opportunity to acquire a truly turn-key, brand-new construction 9-unit multifamily asset in Oakland — impeccably built, meticulously maintained, and fully rented since day one. Completed in early 2021 and constructed with uncompromising quality, this property delivers the upside of institutional-grade new construction with the
upside flexibility to optimize rents. Zero vacancy, minimal capital needs, and operational simplicity make this a highly attractive acquisition for a buyer seeking both stability and growth.
603 22nd Street is situated in Oakland's vibrant uptown neighborhood, just minutes from Downtown Oakland and Jack London Square. This highly walkable, transit-oriented location offers quick access to BART, AC Transit, and major thoroughfares connecting to Berkeley and San Francisco. Surrounded by cafés, markets, and neighborhood amenities, the property attracts professionals seeking urban convenience and modern living. The area continues to experience strong rental demand and steady growth, making it one of Oakland’s most desirable multifamily submarkets.
upside flexibility to optimize rents. Zero vacancy, minimal capital needs, and operational simplicity make this a highly attractive acquisition for a buyer seeking both stability and growth.
603 22nd Street is situated in Oakland's vibrant uptown neighborhood, just minutes from Downtown Oakland and Jack London Square. This highly walkable, transit-oriented location offers quick access to BART, AC Transit, and major thoroughfares connecting to Berkeley and San Francisco. Surrounded by cafés, markets, and neighborhood amenities, the property attracts professionals seeking urban convenience and modern living. The area continues to experience strong rental demand and steady growth, making it one of Oakland’s most desirable multifamily submarkets.
PROPERTY FACTS
| Price | $4,067,843 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $451,983 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.49% | Building Size | 6,150 SF |
| Gross Rent Multiplier | 12.59 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $4,067,843 CAD |
| Price Per Unit | $451,983 CAD |
| Sale Type | Investment |
| Cap Rate | 5.49% |
| Gross Rent Multiplier | 12.59 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,150 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 008-0647-026-00 | Improvements Assessment | $2,396,959 CAD |
| Land Assessment | $317,817 CAD | Total Assessment | $2,714,776 CAD |
PROPERTY TAXES
Parcel Number
008-0647-026-00
Land Assessment
$317,817 CAD
Improvements Assessment
$2,396,959 CAD
Total Assessment
$2,714,776 CAD
CONTACTS
-
Grant Chappell -
Jonathan Burmenko -
Robert Chappell -
Sam Hayes -
NAI Northern California
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
603 22nd 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.