5412 Claremont Ave
Oakland, CA 94618
3% in Place Financing - Rockridge · Immeuble residentiel Propriété À vendre · 33 Unités

We are pleased to present 5412 Claremont Avenue, an exceptional 33-unit pride of ownership multifamily investment opportunity located in Oakland’s premier Rockridge neighborhood on the edge of Berkeley. This trophy asset offers investors a rare combination of stable residential income. The property’s strategic positioning directly across from the Rockridge BART station provides unmatched connectivity to major employment centers, with 22-minute access to San Francisco’s Financial District and seamless highway connectivity via Route 24. This very nostalgic 3 story property is located at 5412 Claremont Ave in Oakland California. It has 16,830 rentable square feet, with 33 large and spacious one-bedroom/one-bathroom units, all with private baths and kitchens and some have balconies. The property was built in 1963, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. 80% of the units have been renovated. All units have separate gas + electric meters. There is 30% upside in the current rents. With 30% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. 5412 Claremont is conveniently located in the highly desirable Rockridge neighborhood bordering Berkeley. The property make-up is 33 one-bedroom units that all face the east for the western sunset. Efficient and well-designed one-bedroom units that are walking distance to Rockridge BART, Temescal Whole Foods and Collage Avenue shopping and dining. The property backs up to Frog Park and the Rockridge Temescal Greenbelt. Tenants have immediate freeway access if traveling by car and just a few minutes’ walk from all amenities. The units are separately metered for gas, electricity and hot water. The apartments command strong rents in a neighborhood characterized by affluent demographics, including a median household income of $212,638 and exceptional walkability (Walk Score 97/100). 5412 Claremont Ave blends historic charm with urban realities, offering affordable living with great potential and a strong sense of community, particularly appealing to those seeking proximity to medical facilities and a diverse, established neighborhood. Construction is typical wood framing with concrete foundation walls raised to create a partial basement on the southern portion and slab on grade foundation on the northern portion. The exterior finishes consist of painted brick veneer and stucco siding. The flat roof contains built up covering. Units are heated by electric wall heaters. Domestic hot water is provided by a central gas fired boiler. Domestic water lines are copper. Electrical wiring is observed as copper. Rockridge stands out for its highly desirable demographic profile, which directly translates into stable, high-quality tenant base and robust property value appreciation. The neighborhood attracts highly educated and affluent resident base, supporting strong rental demand and property values. This demographic typically commands higher incomes, contributing to a stable and desirable tenant pool for rental properties. Rockridge boasts a median household income significantly above the national and even the Oakland average. This strong earning power means residents can afford higher rents and are less likely to default, contributing to a consistent rental income for property owners. The neighborhood has exceptional educational attainment and is characterized by a highly educated population. A substantial majority of adult residents hold bachelor’s degrees or higher with a significant portion processing master’s degree and even doctorate degrees. The high level of education often correlates with stable, professional employment and high paying sectors, further solidifying the economic strength of the tenant pool. Rockridge’s urban village atmosphere, anchored by the vibrant College Avenue corridor with its acclaimed restaurants, boutique shopping, and essential services all within walking distance, ensures consistent tenant demand from the area’s highly educated professional workforce. The unique wireless lease income effectively adds the equivalent of additional rental units without associated management overhead, creating a truly differentiated investment profile that combines the stability of multifamily housing with the security of infrastructure-essential commercial income. This rare offering represents an opportunity to acquire a cash-flowing asset in one of the East Bay’s most coveted neighborhoods, where strong fundamentals and demographic trends support both immediate returns and long-term value appreciation. At the foot of the Oakland Hills, Rockridge is a lovely burby-like haven where Cal Berkeley grads come to live when they exit their 20s and start yearning for historic cottages, nice gardens, and a 86 walk score. Twitterites and techies who have newly flown the coop are lucky to nab a place to live in this desirable hub. Even so, all ages come to explore this model main street where two indie bookstores thrive (Pegasus and Diesel). Extreme shoppers and companions of extreme shoppers should be warned: walking Rockridge will easily swallow an afternoon. There are home goods (Maison D’Etre) to baked goods (Market Hall Bakery), vintage (Pretty Penny, Lost & Found) to eco (Atomic Garden), jewels (Pavé) to shoes (Tootsies). A break for sustenance is always a storefront away with a dozen new eateries in 2013 alone, including Ramen Shop and A16 Rockridge. Oldies but goodies are Wood Tavern, Á Côté, and Dreyer’s Ice Cream Parlor, where the flavor Rocky Road was invented.