Address: 184 13th St, Oakland, CA 94612, USA
- 98-unit multifamily investment opportunity strategically located in the heart of Downtown Oakland, surrounded by transit, employers, and amenities
- Six-story, 76,562 SF elevator-served building situated on a 16,000 SF corner parcel with secure lobby access, on-site laundry facilities, and a leasing office
- Desirable unit mix of studios, one, two, and three-bedroom apartments, designed to attract a wide range of tenants and support strong occupancy
- Over $500,000 in recent capital improvements, including electrical and plumbing upgrades, a new roof, and elevator modernization
- Prime location just three blocks from Lake Merritt and a five-minute walk (0.3 miles) to Lake Merritt BART, with multiple AC Transit bus lines nearby
- Offered at just $117,347 per unit — a 38% discount to its 2022 sale price, providing an incredible basis below replacement cost
Property Description
The Mitchell Warren Team is pleased to present 184 13th Street, a 98-unit multifamily investment opportunity in the heart of Downtown Oakland. This six-story, elevator-served building spans 76,562 square feet on a 16,000-square-foot corner parcel and features a well-balanced unit mix of studios, one-, two-, and three-bedroom apartments, along with secure lobby access, on-site laundry facilities, and a leasing office. The property has benefited from more than $500,000 in recent capital improvements, including electrical and plumbing upgrades, a new roof, and elevator modernization. Offered at just $126,020 per unit, the asset provides an exceptional entry point into one of Oakland’s most dynamic neighborhoods—less than three blocks from Lake Merritt. The property is being offered at a 33% discount to its 2022 sale price, creating an incredible basis and a rare opportunity to acquire a stabilized asset well below replacement cost.