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Multifamily

600 51st St

600 51st St, Oakland, CA 94609

Listing Price: $2,995,000

Cap Rate
0.23%
Number of Units
11
Occupancy
36.0%
Price/Unit
$272,273
Price/Gross SF
$385.06
Gross SF
7,778

Investment Overview

600 51st Street is a prestigious pride of ownership 11-unit asset located steps away from Temescal shopping center in Oakland, California and is situated on a parcel of land totaling 5,850 square feet. The subject property features a gross building area of approximately 7,778 square feet, offering its tenants beautifully designed, recently renovated, one-bedroom and one studio floor plans with generous storage space and parking. 600 51st Street is well-positioned in the heart of one of the Bay Area's most dynamic and desirable locations. The Temescal district, with historic neighborhoods, diverse cultural attractions, vibrant entertainment, shopping, and nightlife, Oakland is an exciting destination for business or pleasure. The subject property also offers renters close proximity to many of the nation's top tech employers including Pandora, Square, Blueshield, PG&E, Kaiser, and trip to San Francisco for Salesforce, Adobe, Levis, StubHub, Uber, Lyft, Twitter, LinkedIn, as well as many others. The investment appeal of this asset is driven by the San Francisco Bay Area's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of The Temescal District. 600 51st Street presents an attractive choice for Oakland renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment Highlights

  • 10 Large One-Bedroom Units with One Studio on Corner Lot - Possible Two-Bedroom Conversion
  • Ideal Opportunity to Convert Units to Condos with the Current Unit Mix, Vacancies, and Separate Street Entrances
  • 600 51st Street is Across the Street from Peet's Coffee, Walgreens, Restaurants Along Telegraph Avenue, Bars, and Retail Stores - Whole Foods Coming Soon
  • Owner Financing is an Option

Exclusively Listed By

Listing Price: $2,995,000

Cap Rate
0.23%
Number of Units
11
Occupancy
36.0%
Price/Unit
$272,273
Price/Gross SF
$385.06
Gross SF
7,778

Investment Highlights

  • 10 Large One-Bedroom Units with One Studio on Corner Lot - Possible Two-Bedroom Conversion
  • Ideal Opportunity to Convert Units to Condos with the Current Unit Mix, Vacancies, and Separate Street Entrances
  • 600 51st Street is Across the Street from Peet's Coffee, Walgreens, Restaurants Along Telegraph Avenue, Bars, and Retail Stores - Whole Foods Coming Soon
  • Owner Financing is an Option

Investment Overview

600 51st Street is a prestigious pride of ownership 11-unit asset located steps away from Temescal shopping center in Oakland, California and is situated on a parcel of land totaling 5,850 square feet. The subject property features a gross building area of approximately 7,778 square feet, offering its tenants beautifully designed, recently renovated, one-bedroom and one studio floor plans with generous storage space and parking. 600 51st Street is well-positioned in the heart of one of the Bay Area's most dynamic and desirable locations. The Temescal district, with historic neighborhoods, diverse cultural attractions, vibrant entertainment, shopping, and nightlife, Oakland is an exciting destination for business or pleasure. The subject property also offers renters close proximity to many of the nation's top tech employers including Pandora, Square, Blueshield, PG&E, Kaiser, and trip to San Francisco for Salesforce, Adobe, Levis, StubHub, Uber, Lyft, Twitter, LinkedIn, as well as many others. The investment appeal of this asset is driven by the San Francisco Bay Area's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of The Temescal District. 600 51st Street presents an attractive choice for Oakland renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Exclusively Listed By

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