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Multifamily

2545-2615 26th Ave

2545-2615 26th Ave, Oakland, CA 94601

Listing Price: $5,200,000

Cap Rate
5.50%
Number of Units
23
Price/Unit
$226,087
Price/Gross SF
$347.97
Gross SF
14,944

Investment Overview

Marcus & Millichap is pleased to present 2545-2615 26th Ave, a three-building, 23-unit multifamily complex in the heart of Oakland. The subject property is situated on a quiet street in the Meadow Brook neighborhood. It offers residents proximity to all the essentials of Oakland, including restaurants, banks, schools, recreations, and hospitals. This apartment complex is five minutes to both I-580 and I-880 and within 10 minutes of Lake Merritt and Fruitvale BART stations. This multifamily portfolio presents three freestanding buildings side by side with its individual APN. 2545-2615 26th Ave offers a highly desirable unit mix consisting 23 two-bedroom, 1 three-bedroom, and 1 four-bedroom. The combined building size is 14,944 square feet sitting on a 26,474 square feet lot with 23 outdoor and 2 covered parking spaces. All three properties have been well maintained with new exterior paint and reroofed within the last three years. Additionally, the property provides supplemental income from two separate on-site laundry facilities, which offer tenants the ease of cleaning clothes at home. The investment appeal of the property is driven by Downtown Oakland and San Francisco’s strong employment fundamentals, low vacancy levels, and rapidly growing rental demand. Major transit-oriented developments in Oakland, including Fruitvale Transit Village, MacArthur BART Transit Village, West Oakland BART (Mandela Station), will significantly change the dynamics of East Oakland once it’s fully complete. It is a unique investment opportunity for an investor to acquire a well-located asset with abundant amenities, attractive unit mix, future upside, and current solid cash flow.

Investment Highlights

  • Great Opportunity to Own Three Properties Side by Side With Separate APN
  • New Paint and New Roof Within 3 Years
  • Easy Access to Highway 880 & 580

Exclusively Listed By

Listing Price: $5,200,000

Cap Rate
5.50%
Number of Units
23
Price/Unit
$226,087
Price/Gross SF
$347.97
Gross SF
14,944

Investment Highlights

  • Great Opportunity to Own Three Properties Side by Side With Separate APN
  • New Paint and New Roof Within 3 Years
  • Easy Access to Highway 880 & 580

Investment Overview

Marcus & Millichap is pleased to present 2545-2615 26th Ave, a three-building, 23-unit multifamily complex in the heart of Oakland. The subject property is situated on a quiet street in the Meadow Brook neighborhood. It offers residents proximity to all the essentials of Oakland, including restaurants, banks, schools, recreations, and hospitals. This apartment complex is five minutes to both I-580 and I-880 and within 10 minutes of Lake Merritt and Fruitvale BART stations. This multifamily portfolio presents three freestanding buildings side by side with its individual APN. 2545-2615 26th Ave offers a highly desirable unit mix consisting 23 two-bedroom, 1 three-bedroom, and 1 four-bedroom. The combined building size is 14,944 square feet sitting on a 26,474 square feet lot with 23 outdoor and 2 covered parking spaces. All three properties have been well maintained with new exterior paint and reroofed within the last three years. Additionally, the property provides supplemental income from two separate on-site laundry facilities, which offer tenants the ease of cleaning clothes at home. The investment appeal of the property is driven by Downtown Oakland and San Francisco’s strong employment fundamentals, low vacancy levels, and rapidly growing rental demand. Major transit-oriented developments in Oakland, including Fruitvale Transit Village, MacArthur BART Transit Village, West Oakland BART (Mandela Station), will significantly change the dynamics of East Oakland once it’s fully complete. It is a unique investment opportunity for an investor to acquire a well-located asset with abundant amenities, attractive unit mix, future upside, and current solid cash flow.

Exclusively Listed By

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