Multifamily

2282 Park Boulevard

2282 Park Boulevard, Oakland , CA 94606

Listing Price: $2,188,000

Cap Rate
5.36%
GRM
13.40
Occupancy
97.00%

Investment Overview

Oakland's diverse employment base is anchored by technology and brand name' companies like Pandora, Oracle, Gensler, AECOM, Kaiser Permanente, Blue Shield, and Clorox. Oakland has seen a 61% increase in technology jobs since 2009 and this growth has led to tremendous growth in the development in all commercial product including multi-family, office and industrial properties. Today, Oakland is not only desirable for its proximity to San Francisco but also for its infrastructure; as it is home of the Oakland port (fifth busiest port int he Untied States) and the Oakland International Airport (the 4th largest airport in California featuring almost 12 Million passengers per year).


Forbes recently ranked Oakland as one of the fastest growing cities in America and this factor coupled with a recent boom' in technology jobs has led to a 3% vacancy--one of the lowest vacancy rates in the Bay Area. More importantly, this surge has led to the development of a more robust downtown featuring new restaurants, bars, revitalized/refurbished entertainment centers like the Fox and Paramount Theaters, as well as continued growth in multi-family, office and retail product.


Oakland's infrastructure with its many transit systems including the bus and BART Systems; and proximity to San Francisco make any apartment offering highly desirable.




Investment Highlights

  • 5 Garage Spaces Offering Offering Covered Parking/Additional Storage
  • Irreplaceable Location off Park Boulevard w/Proximity to Downtown and Lake Merritt
  • Elaborate Floor-plans with Charm and Character
  • Separate Water Lines and Hot Water Heaters
  • Separately Metered for PG&E
  • Laundry Room and Separate Storage Units

Exclusively Listed By

Listing Price: $2,188,000

Cap Rate
5.36%
GRM
13.40
Occupancy
97.00%

Investment Highlights

  • 5 Garage Spaces Offering Offering Covered Parking/Additional Storage
  • Irreplaceable Location off Park Boulevard w/Proximity to Downtown and Lake Merritt
  • Elaborate Floor-plans with Charm and Character
  • Separate Water Lines and Hot Water Heaters
  • Separately Metered for PG&E
  • Laundry Room and Separate Storage Units

Investment Overview

Oakland's diverse employment base is anchored by technology and brand name' companies like Pandora, Oracle, Gensler, AECOM, Kaiser Permanente, Blue Shield, and Clorox. Oakland has seen a 61% increase in technology jobs since 2009 and this growth has led to tremendous growth in the development in all commercial product including multi-family, office and industrial properties. Today, Oakland is not only desirable for its proximity to San Francisco but also for its infrastructure; as it is home of the Oakland port (fifth busiest port int he Untied States) and the Oakland International Airport (the 4th largest airport in California featuring almost 12 Million passengers per year).


Forbes recently ranked Oakland as one of the fastest growing cities in America and this factor coupled with a recent boom' in technology jobs has led to a 3% vacancy--one of the lowest vacancy rates in the Bay Area. More importantly, this surge has led to the development of a more robust downtown featuring new restaurants, bars, revitalized/refurbished entertainment centers like the Fox and Paramount Theaters, as well as continued growth in multi-family, office and retail product.


Oakland's infrastructure with its many transit systems including the bus and BART Systems; and proximity to San Francisco make any apartment offering highly desirable.




Exclusively Listed By

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