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Multifamily

1507-1519 4th Ave

1507 4th Ave, Oakland, CA 94606

Listing Price: $2,998,000

Cap Rate
5.12%
Number of Units
10
GRM
12.14
Price/Unit
$299,800
Price/Gross SF
$502.01
Gross SF
5,972

Investment Overview

1507-1519 4th Ave is a stunning 10-unit apartment community located in the thriving city of Oakland, California.

Situated on a 3,963 square foot parcel of land, the subject property was originally constructed in 1928 and has a gross building area of approximately 5,972 square feet, offering its tenants beautifully designed one-bedroom floor plans. The building has successfully completed a full seismic retrofit per Oakland City mandate, ensuring enhanced safety and stability. In addition, units 1, 2, 3, 4, 5, and 7 have been fully renovated, including brand new electrical throughout, high-end finishes and in-unit washers/dryers in units #3 and #7. Tenants also enjoy the convenience of two on-site laundry facilities.

Merritt is an exceptional neighborhood in Oakland California known for its vibrant community and picturesque setting around Lake Merritt. With a mix of historic homes and modern apartments, it offers a unique architectural blend. Residents in Merritt enjoy a thriving local scene with trendy shops, restaurants, and entertainment venues. Merritt's strong sense of community, convenient location, and beautiful surroundings make it a desirable place to live.

The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California.

The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 1507-1519 4th Ave presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Exceptional Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset in one of the most dynamic and desirable locations in the East Bay.
  • Prime Oakland Neighborhood - The subject property is located in the Merritt neighborhood characterized by its vibrant community and picturesque setting around Lake Merritt.
  • Excellent Transportation Corridors - 1507-1519 4th Ave offers residents easy access to Interstate 80, Interstate 880, Interstate 580, the San Francisco- Oakland Bay Bridge and access to BART stations.
  • Recent Capital Expenditures - The building has undergone a full seismic retrofit as per Oakland City Mandate. With new electrical and fully renovated units 1,2,3,4,5 and 7, this property has been upgraded with high-end finishes, including an in-unit washer/dryer in units #3 and #7.

Exclusively Listed By

Multifamily

1507-1519 4th Ave

Listing Price: $2,998,000

Cap Rate
5.12%
Number of Units
10
GRM
12.14
Price/Unit
$299,800
Price/Gross SF
$502.01
Gross SF
5,972

Investment Highlights

  • Exceptional Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset in one of the most dynamic and desirable locations in the East Bay.
  • Prime Oakland Neighborhood - The subject property is located in the Merritt neighborhood characterized by its vibrant community and picturesque setting around Lake Merritt.
  • Excellent Transportation Corridors - 1507-1519 4th Ave offers residents easy access to Interstate 80, Interstate 880, Interstate 580, the San Francisco- Oakland Bay Bridge and access to BART stations.
  • Recent Capital Expenditures - The building has undergone a full seismic retrofit as per Oakland City Mandate. With new electrical and fully renovated units 1,2,3,4,5 and 7, this property has been upgraded with high-end finishes, including an in-unit washer/dryer in units #3 and #7.

Investment Overview

1507-1519 4th Ave is a stunning 10-unit apartment community located in the thriving city of Oakland, California. Situated on a 3,963 square foot parcel of land, the subject property was originally constructed in 1928 and has a gross building area of approximately 5,972 square feet, offering its tenants beautifully designed one-bedroom floor plans. The building has successfully completed a full seismic retrofit per Oakland City mandate, ensuring enhanced safety and stability. In addition, units 1, 2, 3, 4, 5, and 7 have been fully renovated, including brand new electrical throughout, high-end finishes and in-unit washers/dryers in units #3 and #7. Tenants also enjoy the convenience of two on-site laundry facilities. Merritt is an exceptional neighborhood in Oakland California known for its vibrant community and picturesque setting around Lake Merritt. With a mix of historic homes and modern apartments, it offers a unique architectural blend. Residents in Merritt enjoy a thriving local scene with trendy shops, restaurants, and entertainment venues. Merritt's strong sense of community, convenient location, and beautiful surroundings make it a desirable place to live. The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California. The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 1507-1519 4th Ave presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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