Investment Overview

The Ward Group is proud to bring to market 2883 Brookdale Avenue in Oakland, California. This Victorian style Four (4) Unit property consists of two Studio apartment, one 2 Bed/1 Bath unit and one 3 Bed/1 Bath unit. This property also includes four (4) NON-CONFORMING units that consist of one 1 Bed/1 Bath unit and three 2 Bed/1 Bath units. The extra income from the non conforming units brings the current CAP Rate to 7.92% and GRM to a 7.42 All conforming and non conforming went through complete interior renovations in 2015. Since then, units have been upgraded with new paint, flooring all through out, bathrooms, kitchens & appliances and new heaters. Two units were turned and renovated in May/June of 2023. Other upgrades to the property include dual pane windows all through out the property, a fresh coat of exterior paint (June 2023), and four 80 gallon gas water heaters. The subject property also offers a large storage space for the owner/tenants to use as well as an on-site laundry room for all tenants to use. Although there is plenty of street parking available, the open lot in the rear of the main building allows for some tenants to park their cars on-site. 2883 Brookdale resides in Fruitvale in the Patten neighborhood. Surrounded by several K-12 school as well as local parks, the subject property is only 20 minutes from Downtown San Francisco and a quick 10 minutes to Downtown Oakland. There is also easy access to BART as the Fruitvale Station is just down the road for Brookdale Ave.