1504 13th Ave
- 8-unit Oakland multifamily property
- Strong in-place cash flow at a 8.74% cap rate
- Two vacant units provide immediate rent upside
- Unit mix: six (6) 2-bedroom units and two (2) 3-bedroom units
- Significant renovations completed in the 1990s during a legal conversion of a commercial space to residential use
- Well-located urban asset with long-term appreciation potential
Property Description
Introducing a solid multifamily investment opportunity in Oakland, California. Located at 1504 13th Avenue, this 8-unit apartment property offers strong in-place cash flow with meaningful upside. The asset is currently operating at a 8.74% cap rate, with two vacant units providing immediate opportunity to capture market rents. The property consists of six (6) two-bedroom units and two (2) three-bedroom units. Well positioned within Oakland’s urban core, the property benefits from proximity to transit, employment centers, and neighborhood amenities, supporting long-term appreciation. This is a straightforward, well-located multifamily asset ideal for investors seeking reliable income today with rent growth potential over time Well positioned the property benefits from proximity to transit, employment centers, and neighborhood amenities, supporting long-term appreciation. This is a straightforward, well-located multifamily asset ideal for investors seeking reliable income today with rent growth potential over time.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,395,000 |
| No. of Units: | 8 |
| Lot Size: | 0.07 Acres |
| Opportunity Zone: | No |
| Price per unit: | $174,375 |
| Property Website | Click Here |
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