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832 Erie St

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Address: 832 Erie St, Oakland, CA 94610, USA

California & West + Apartment Buildings

Created date: June 28, 2024

Date last updated: September 15, 2024

Trophy 18-Unit Asset in Oakland's Lakeshore Neighborhood
Unit mix consists of (1) 1-bedroom, 1-bathroom unit, and (17) large studio units
Nine units have been renovated including new kitchens and bathrooms
Beautiful architecture with period-appropriate details, and 4 secured garage spaces
Excellent occupancy history highlighting the strong demand for this area
Irreplaceable location with strong in-place cash flow and significant rental upside
Features a 97 walk score and is considered a “Walker’s Paradise” by walkscore.com
Steps from both Lakeshore and Grand Avenues offering amazing eateries, Starbucks, Trader Joe's, and more

Property Description

The Mitchell Warren Team is pleased to present 832 Erie, a well-maintained 18-unit apartment community located in the heart of Oakland's Lakeshore Neighborhood. The property consists of (17) large studio units and (1) 1-bedroom, 1-bathroom unit designed to maximize space and functionality. Nine have been renovated including updated kitchens with stainless steel appliances, quartz countertops, and custom cabinetry, alongside stylish bathrooms. The property offers beautiful architecture with period-appropriate details and four secured garage spaces. This cash-flowing property offers significant rental upside and is ideally positioned to deliver strong returns through additional unit remodels and upgrades. This highly sought-after location will continue to attract premium tenants and maintain a very low vacancy rate.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$3,650,000
No. of Units:	18
Year Built:	1931
Lot Size:	0.11 Sq ft
Opportunity Zone:	No
Price per unit:	$202,778
Property Website	Click Here