Investment Overview

Garden Villas offers investors a rare opportunity to acquire a 73-unit apartment community located at 1256 99th Ave in the thriving city of Oakland, California. Situated on a large 3.43 acre parcel of land, the subject property was originally constructed in 1943 and consists of 18 fourplexes featuring a total gross building area of approximately 49,716 square feet. There is also a 19th building featuring a leasing office, laundry facility, recreation room and housing for the on-site manager. The subject property is over 50% renovated and offers its tenants beautifully designed two-bedroom and one-bedroom floor plans with property amenities like private parking and laundry facilities. Additionally, tenants enjoy in-unit amenities such as granite countertops, dishwashers, microwaves, vinyl plank flooring, carpet, tile and much more. 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 the East Bay, Garden Villas presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.