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8117 Ney Ave 5 Unit Apartment Building $1,521,905 CAD ($304,381 CAD/Unit) 6.21% Cap Rate Oakland, CA 94605
Investment Highlights
- Off Street Parking, Parking Area
Executive Summary
Marcus & Millichap is pleased to present 8117 Ney Ave, a well maintained 4-unit multifamily property located in Oaklands Eastmont Hills neighborhood. Built in 1947, the property totals approximately 3,277 SF on a 0.22acre lot and is 100% occupied. The unit mix consists of spacious 2 and 3bedroom units with individually metered gas and electric, master metered water, and gated driveway parking for 4 vehicles. Inplace rents are approximately below market, offering upside potential through future rent growth. Conveniently located near MacArthur Blvd, Eastmont Town Center, public transit, and with easy access to I580 and I880. A solid investment opportunity with stable income in an established East Oakland rental area.
Property Facts
| Price | $1,521,905 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $304,381 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.21% | Building Size | 3,277 SF |
| Gross Rent Multiplier | 11.35 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Zoning | RES | ||
| Price | $1,521,905 CAD |
| Price Per Unit | $304,381 CAD |
| Sale Type | Investment |
| Cap Rate | 6.21% |
| Gross Rent Multiplier | 11.35 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,277 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | RES |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1 |
| 3+1 | 1 | - | 1 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 040A-3422-039-00 | Improvements Assessment | $1,246,767 CAD |
| Land Assessment | $534,328 CAD | Total Assessment | $1,781,095 CAD |
Property Taxes
Parcel Number
040A-3422-039-00
Land Assessment
$534,328 CAD
Improvements Assessment
$1,246,767 CAD
Total Assessment
$1,781,095 CAD
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8117 Ney Ave
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