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787 22nd St
Oakland, CA 94612
Westside Apartments · Multifamily Property For Sale
·
22 Units
Executive Summary
Contact Listing Agent for Marketing Package.
The property boasts a diverse mix of units, including thirteen one bedroom one bath units, and nine studios. Oakland's rental market is dynamic, offering solid rental income potential. The city's limited housing supply and sustained demand from a growing population provide a stable foundation for rent growth and high occupancy rates.
The property boasts a diverse mix of units, including thirteen one bedroom one bath units, and nine studios. Oakland's rental market is dynamic, offering solid rental income potential. The city's limited housing supply and sustained demand from a growing population provide a stable foundation for rent growth and high occupancy rates.
Property Facts
| Price Per Unit | $273,700 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 6.09% | Building Size | 23,601 SF |
| Gross Rent Multiplier | 10.34 | Average Occupancy | 95% |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.74/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-50, Oakland - RM-4 | ||
| Price Per Unit | $273,700 CAD |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| Gross Rent Multiplier | 10.34 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 23,601 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 0.74/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-50, Oakland - RM-4 |
Amenities
- Smoke Detector
Unit Amenities
- Disposal
- Storage Space
- Refrigerator
- Oven
- Range
- Carpet
- Smoke Free
Site Amenities
- Laundry Facilities
- Smoke Free
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 400 |
| 1+1 | 14 | - | 700 |
Property Taxes
| Parcel Number | 003-0035-001-00 | Improvements Assessment | $2,634,025 CAD |
| Land Assessment | $867,640 CAD | Total Assessment | $3,501,665 CAD |
Property Taxes
Parcel Number
003-0035-001-00
Land Assessment
$867,640 CAD
Improvements Assessment
$2,634,025 CAD
Total Assessment
$3,501,665 CAD
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