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206 Mather St

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Address: 206 Mather St, Oakland, CA 94611, USA

California & West + Apartment Buildings

Created date: January 23, 2025

Date last updated: March 16, 2025

Prime Location: Situated in the highly desirable Piedmont Avenue neighborhood, offering exceptional access to Oakland’s dynamic dining, shopping, and cultural attractions.
Spacious Living: Boasting 4,576 square feet of living space across eight 1-bedroom, 1-bath units on a generous 7,600 square foot lot, designed for modern living.
High Demand Area: Located in a vibrant community known for its trendy restaurants, boutique shops, and cultural landmarks, ensuring strong tenant demand and long-term value potential.
Community Appeal: The property’s central position in a lively, sought-after neighborhood enhances its desirability, attracting tenants and supporting rental stability.
Exceptional Investment Opportunity: Ideal for investors seeking consistent income and long-term appreciation in one of Oakland’s top neighborhoods.
Off-Street Parking: Includes eight garages, providing convenient and secure parking for tenants.
Coin-Operated Laundry: On-site laundry facilities for added tenant convenience.
ADU Plans Available: Approved plans for Accessory Dwelling Units (ADUs), offering further development potential.
4 Units Remodeled: Four of the units have been thoughtfully updated, offering modern finishes and enhanced appeal for tenants.
Over 100% Rent Upside: The remaining four units present an opportunity for more than 100% rent increase, unlocking significant revenue potential.

Property Description

Located in the highly sought-after Piedmont Avenue neighborhood, 206 Mather St offers a standout investment opportunity in one of Oakland's most vibrant and in-demand areas. The property consists of eight 1-bedroom, 1-bath units, providing a total of 4,576 square feet of living space on a generous 7,600 square foot lot. Its prime location offers easy access to the neighborhood’s trendy restaurants, eclectic boutiques, and cultural attractions, making it an attractive choice for tenants who value both convenience and modern amenities. Built in the 1960s, the property combines classic architectural charm with substantial potential for value enhancement. From a financial perspective, this property is a strong performer, currently generating nearly $15,000 in monthly rental income. Four of the units have been updated, while the remaining units offer over 100% upside in gross rents. The high tenant demand in this thriving neighborhood—driven by its renowned dining spots, unique shops, and cultural landmarks—ensures steady rental income and strong potential for long-term appreciation. Additionally, the property has undergone a voluntary seismic retrofit and includes eight garages, along with ADU plans, further boosting its investment appeal. This is an exceptional opportunity for investors seeking reliable cash flow, significant upside potential, and the chance to capitalize on the continued growth of one of Oakland’s most desirable neighborhoods.

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Broker Details

Jatin Mehta

Kite Hill Real Estate (510) 878-6800 MLS ID: R02045713

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,998,000
No. of Units:	8
Year Built:	1960
Lot Size:	0.17 Sq ft
Opportunity Zone:	No
Price per unit:	$249,750
Property Website	Click Here