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Multifamily

2282 PARK BOULEVARD

2282 Park Blvd, Oakland, CA 94606

Listing Price: $2,625,000

Cap Rate
4.38%
Number of Units
9
Occupancy
97.0%
Price/Unit
$291,667
Price/Gross SF
$411.70
Gross SF
6,376

Investment Overview

2282 Park Boulevard is a nine-unit property built in 1949 at the corner of Park Boulevard and Ivy Drive in Oakland, California. The building consists of eight one-bedroom/one-bathroom units and one studio unit. There are two entryways as well as two interior staircases in the front and rear of the building. In addition, tenants have access to covered and secured parking via five garage spaces. Amenities include on-site laundry and individual storage units. The property also has separately metered PG&E, in addition to hot water heaters and individual water meters for most of the units. The subject property is located at the base of the Ivy Hill neighborhood in Oakland. Adjacent to Park Boulevard Plaza, 2282 Park Boulevard is close proximity to various shopping/dining. Short distance to beautiful Lake Merritt, tenants enjoy the convenience of easy access to highways 880 and 580 as well as a short walk to Lake Merritt Bart Station. This offering provides investors a well maintained property in an outstanding location with lower than average expenses, and potential upside in rents.

Investment Highlights

  • Irreplaceable Location Off Park Boulevard with Proximity to Downtown and Lake Merritt
  • Elaborate Floorplans with Character
  • Separate Water Lines and Hot Water Heaters
  • Separately Metered for PG&E
  • Laundry Room and Separate Storage Units
  • Five Garage Spaces Offering Covered Parking/Additional Storage

Exclusively Listed By

Multifamily

2282 PARK BOULEVARD

Listing Price: $2,625,000

Cap Rate
4.38%
Number of Units
9
Occupancy
97.0%
Price/Unit
$291,667
Price/Gross SF
$411.70
Gross SF
6,376

Investment Highlights

  • Irreplaceable Location Off Park Boulevard with Proximity to Downtown and Lake Merritt
  • Elaborate Floorplans with Character
  • Separate Water Lines and Hot Water Heaters
  • Separately Metered for PG&E
  • Laundry Room and Separate Storage Units
  • Five Garage Spaces Offering Covered Parking/Additional Storage

Investment Overview

2282 Park Boulevard is a nine-unit property built in 1949 at the corner of Park Boulevard and Ivy Drive in Oakland, California. The building consists of eight one-bedroom/one-bathroom units and one studio unit. There are two entryways as well as two interior staircases in the front and rear of the building. In addition, tenants have access to covered and secured parking via five garage spaces. Amenities include on-site laundry and individual storage units. The property also has separately metered PG&E, in addition to hot water heaters and individual water meters for most of the units. The subject property is located at the base of the Ivy Hill neighborhood in Oakland. Adjacent to Park Boulevard Plaza, 2282 Park Boulevard is close proximity to various shopping/dining. Short distance to beautiful Lake Merritt, tenants enjoy the convenience of easy access to highways 880 and 580 as well as a short walk to Lake Merritt Bart Station. This offering provides investors a well maintained property in an outstanding location with lower than average expenses, and potential upside in rents.

Exclusively Listed By

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