Multifamily

2696 HAVENSCOURT BLVD

2696 Havenscourt Blvd, Oakland, CA 94605

Listing Price: $1,650,000

Cap Rate
6.43%
Number of Units
9
GRM
11.15
Occupancy
96.00%
Price/Unit
$183,333
Price/Gross SF
$428.57
Gross SF
3,850

Investment Overview

Marcus & Millichap is proud to present 2696 Havenscourt Blvd, a Great Investment opportunity for any Investor looking for steady cash flow. The investment appeal of this asset is driven by Downtown Oakland's strong employment fundamentals. Situated within walking distance to Walgreens, multiple restaurants, cafes, and commerce, the propertys location is ideal for tenants looking for a work, live, and play lifestyle. The current owner has paid great attention to details and has maintained the property in excellent condition. The property is currently 100% occupied with full collections for July, August, September, and October. With a unit mix of 2bd/1bath and studios, the property is well position to attract urban professionals. Construction is a two-story wood frame, with many improvements to building exterior, and three of the units have undergone recent interior renovation. Separately metered for PG&E, Direct bus access is just a few feet away, allowing an easy commute to Oakland and San Francisco job centers. Development activity includes the Brooklyn Basin Project, which will significantly change the dynamics of East Oakland once its fully complete. East Oakland is an attractively affordable neighborhood for Bay Area renters due to the proximity to Oakland Airport, Downtown Oakland, Transportation, Bart, and easy access to the 580 freeway. Overall, the property presents an opportunity for a savvy investor to acquire a highly desirable income property with terrific fixed-rate residential financing that allows positive leverage

Investment Highlights

  • Updated Roof in 2019
  • Separately Metered for PG&E
  • Updated Wood Floors & New kitchen Cabinets in 3 units.
  • Easy Access to 580 & Bart Station

Exclusively Listed By

Listing Price: $1,650,000

Cap Rate
6.43%
Number of Units
9
GRM
11.15
Occupancy
96.00%
Price/Unit
$183,333
Price/Gross SF
$428.57
Gross SF
3,850

Investment Highlights

  • Updated Roof in 2019
  • Separately Metered for PG&E
  • Updated Wood Floors & New kitchen Cabinets in 3 units.
  • Easy Access to 580 & Bart Station

Investment Overview

Marcus & Millichap is proud to present 2696 Havenscourt Blvd, a Great Investment opportunity for any Investor looking for steady cash flow. The investment appeal of this asset is driven by Downtown Oakland's strong employment fundamentals. Situated within walking distance to Walgreens, multiple restaurants, cafes, and commerce, the propertys location is ideal for tenants looking for a work, live, and play lifestyle. The current owner has paid great attention to details and has maintained the property in excellent condition. The property is currently 100% occupied with full collections for July, August, September, and October. With a unit mix of 2bd/1bath and studios, the property is well position to attract urban professionals. Construction is a two-story wood frame, with many improvements to building exterior, and three of the units have undergone recent interior renovation. Separately metered for PG&E, Direct bus access is just a few feet away, allowing an easy commute to Oakland and San Francisco job centers. Development activity includes the Brooklyn Basin Project, which will significantly change the dynamics of East Oakland once its fully complete. East Oakland is an attractively affordable neighborhood for Bay Area renters due to the proximity to Oakland Airport, Downtown Oakland, Transportation, Bart, and easy access to the 580 freeway. Overall, the property presents an opportunity for a savvy investor to acquire a highly desirable income property with terrific fixed-rate residential financing that allows positive leverage

Exclusively Listed By

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