2275 Park Blvd

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Address: 2275 Park Blvd, Oakland, CA 94606, USA
California & West + Apartment Buildings
Created date: August 17, 2026
Date last updated: September 15, 2026
Price: $2,098,000Investment Analyzer NEW!
  • Turnkey interiors — hardwood and tile floors, granite counters, updated finishes throughout
  • In-place rents sit below market, leaving immediate upside for a new owner without repositioning the asset
  • Steps from Lake Merritt, the Parkway District's dining and coffee scene, neighborhood schools and supermarkets
  • Multiple transit lines within walking distance, connecting tenants to downtown Oakland, San Francisco, and the greater East Bay

Property Description

2275 Park Blvd is a 10-unit, 6,543 SF apartment building at the corner of Park Boulevard and 5th Avenue in Oakland's Cleveland Heights neighborhood, a few blocks up from Lake Merritt. Built in 1953, the building carries two 2BR/1BA units and eight 1BR/1BAs over garage parking, with hardwood floors and updated finishes in recently turned units. Nine of ten units are occupied, the vacant unit is ready to lease at market, and in-place rents sit roughly 10% below market — a clean mark-to-market story that requires no repositioning. Scheduled income supports a 6.5% going-in cap rate, moving to 7.7% at market rents.
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Broker Details

James Kilpatrick
James Kilpatrick

NAI Northern California 510-290-9647

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,098,000
No. of Units: 10
Year Built: 1953
Lot Size: 0.16 Acres
Opportunity Zone: No
Price per unit: $209,800
Property Website Click Here
Address: 2275 Park Blvd, Oakland, CA 94606, USA
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Step 4Final Deal Analysis

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