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Multifamily

200 Montecito

200 Montecito Ave, Oakland, CA 94610

Listing Price: $8,250,000

Cap Rate
4.04%
Number of Units
21
Occupancy
90.0%
Price/Unit
$392,857
Price/Gross SF
$314.41
Gross SF
26,240

Investment Overview

200 Montecito is a 21-unit multifamily building located in the heart of Oakland’s Adams Point neighborhood. Built in 1967, the property is comprised of five stories of wood frame and stucco construction above a concrete podium and garage parking. The building has been well maintained during the current ownership’s hold period spanning more than three decades. A new owner can unlock significant upside by modernizing the already well-maintained building exterior and common areas as well as renovating units to a modern style finish on unit turnover.

Investment Highlights

  • Large Units: 81 Percent Two-Bedroom Units and 1,067 Square Foot Average Unit Size
  • Ideal Adam's Point Location: Two Blocks to Lake Merritt, Whole Foods, and Equator Coffee
  • Rental Upside: 41.8 Percent Potential Rental Upside Offers Durable Current NOI and Strong Growth Potential

Exclusively Listed By

Multifamily

200 Montecito

Listing Price: $8,250,000

Cap Rate
4.04%
Number of Units
21
Occupancy
90.0%
Price/Unit
$392,857
Price/Gross SF
$314.41
Gross SF
26,240

Investment Highlights

  • Large Units: 81 Percent Two-Bedroom Units and 1,067 Square Foot Average Unit Size
  • Ideal Adam's Point Location: Two Blocks to Lake Merritt, Whole Foods, and Equator Coffee
  • Rental Upside: 41.8 Percent Potential Rental Upside Offers Durable Current NOI and Strong Growth Potential

Investment Overview

200 Montecito is a 21-unit multifamily building located in the heart of Oakland’s Adams Point neighborhood. Built in 1967, the property is comprised of five stories of wood frame and stucco construction above a concrete podium and garage parking. The building has been well maintained during the current ownership’s hold period spanning more than three decades. A new owner can unlock significant upside by modernizing the already well-maintained building exterior and common areas as well as renovating units to a modern style finish on unit turnover.

Exclusively Listed By

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