2529 E 27th St
Oakland, CA 94601
Immeuble residentiel Propriété À vendre · 6 Unités

2529 E 27th St is a six-unit, value-add multifamily investment in East Oakland's Reservoir Hill submarket, minutes from Highland Hospital and one block from Manzanita Elementary School. The location offers convenient access to I-580 and I-880, connecting residents to Downtown Oakland, the East Bay, and the greater Bay Area job market. The surrounding neighborhood is a stable rental corridor with consistent tenant demand from healthcare workers, families, and commuters.
Built in 1961, the property comprises six 2BR/1BA units averaging approximately 737 square feet each, with defined living and dining areas. The building offers 12 parking spaces (two per unit), on-site storage, individually metered gas and electric, a bonus flex room in Unit 3, and in-unit laundry in one residence. Offered at $1,100,000 ($183,333/unit, $238/SF), the property is fully occupied and generates $77,067 in net operating income, reflecting a 7.01% going-in cap rate and 7.6 GRM. Current rents average $1,972/month against an estimated market rent of $2,551, creating approximately 29% upside on turnover and a projected 10% cap rate at market — a compelling value-add opportunity for investors seeking in-place cash flow with clear upside potential.