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Multifamily

2883 Brookdale Ave

2883 Brookdale Ave, Oakland, CA 94602

Listing Price: $1,200,000

Cap Rate
7.02%
Number of Units
8
Occupancy
100.0%
Price/Unit
$150,000

Investment Overview

Marcus & Millichap is proud to present 2883 Brookdale Avenue, an add-value opportunity in the heart of Oakland's School District. Located in the School District Neighborhood, this property offers an excellent commuter location access to 580, BART, as well as schools, retails and restaurants. This neighborhood is attracting young professionals and families offering a nice blend of urban and suburban. Built in 1915, these complexes feature four (4) residential units with an additional four (4) non-conforming units. There is a strong unit mix of (2) studio,(2) One-Bedroom/One-Bathroom , (3) Two-Bedroom/Two-Bathroom and (1) Three-Bedroom/One-Bathroom. This offers a new owner the opportunity to add value by legalizing the four (4) non-conforming units creating eight legal units.

Investment Highlights

  • 7.02% Cap Day 1 with Upside of 11.38% Cap at Market
  • Units are Separately Metered for Gas and Electricity
  • On-Site Parking

Exclusively Listed By

Listing Price: $1,200,000

Cap Rate
7.02%
Number of Units
8
Occupancy
100.0%
Price/Unit
$150,000

Investment Highlights

  • 7.02% Cap Day 1 with Upside of 11.38% Cap at Market
  • Units are Separately Metered for Gas and Electricity
  • On-Site Parking

Investment Overview

Marcus & Millichap is proud to present 2883 Brookdale Avenue, an add-value opportunity in the heart of Oakland's School District. Located in the School District Neighborhood, this property offers an excellent commuter location access to 580, BART, as well as schools, retails and restaurants. This neighborhood is attracting young professionals and families offering a nice blend of urban and suburban. Built in 1915, these complexes feature four (4) residential units with an additional four (4) non-conforming units. There is a strong unit mix of (2) studio,(2) One-Bedroom/One-Bathroom , (3) Two-Bedroom/Two-Bathroom and (1) Three-Bedroom/One-Bathroom. This offers a new owner the opportunity to add value by legalizing the four (4) non-conforming units creating eight legal units.

Exclusively Listed By

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