185 15th St

Address: 185 15th St, Oakland, California

California & West + Apartments

Created date: November 10, 2023

Date last updated: November 10, 2023

Exceptional Investment Opportunity – Investors have the opportunity to acquire a stunning value-add multifamily asset walking distance to Downtown Oakland(0.3mi).

Recent Capital Improvement – The subject property has recently undergone extensive capital improvements comprising of sewer lateral upgrades, dual pane windows throughout, fresh exterior paint and seismic retrofitting per Oakland’s City Ordinance. Select units also include interior improvements featuring upgraded countertops, cabinets, stainless steel appliances, vinyl floor planking and in-unit W/D.

Desirable Unit Mix – Tenants are offered beautifully designed two-bedroom, one-bedroom and studio floor plans.

Prime Oakland Neighborhood – The subject property is located in the exceptional Lakeside neighborhood known for its vibrant community and picturesque setting around Lake Merritt(2 Blocks).

Excellent Transportation Corridors – 185 15th St offers residents easy access to Interstate 80, Interstate 880, Interstate 580, the San Francisco-Oakland Bay Bridge and access to several BART stations.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Multifamily type:	Apartments \| Garden Style
Price:	$3,990,000
No. of Units:	18
Cap Rate:	5.13%
GRM /GIM:	12.71
Building Size:	8,259 Sq ft
Opportunity Zone:	No
Price per unit:	$221,667