848 International Blvd 7 Unit Apartment Building $2,377,291 CAD ($339,613 CAD/Unit) 5.93% Cap Rate Oakland, CA 94606

848 International Boulevard presents a well-maintained 7-unit multifamily investment opportunity located in Oakland’s East Lake neighborhood. The property features a highly desirable unit mix consisting primarily of spacious three-bedroom units, catering to strong and consistent rental demand from families and shared households. Since acquiring the property in 2018, ownership has invested significantly in capital improvements, including approximately $110,000 to complete Oakland’s mandatory soft-story seismic retrofit in 2024— substantially reducing future structural risk and bringing the property into compliance with current city requirements. Additionally, four units have undergone major renovations to enhance interior appeal and positioning the asset for continued rental upside. With a combination of in-place income stability and value-add potential through further unit upgrades, the property offers investors a balanced profile of durability and growth. Its corner lot positioning, functional layout, and ongoing improvements make it an attractive long-term hold in a supply-constrained rental market. Situated along International Boulevard in Oakland’s vibrant East Lake neighborhood, the property benefits from proximity to one of the city’s most active and evolving corridors. Just minutes from Lake Merritt, residents enjoy access to outdoor recreation, walking paths, and one of Oakland’s most iconic lifestyle amenities. The location offers convenient connectivity to downtown Oakland, major employment hubs, and public transportation options including nearby BART stations, making it ideal for commuters. The surrounding area features a diverse mix of local retail, dining, and neighborhood services, along with continued investment and revitalization that supports long-term tenant demand. With strong accessibility, urban convenience, and proximity to key lifestyle drivers, 848 International Boulevard is well-positioned to attract and retain a broad tenant base.