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1829 6th Ave, Oakland, CA 94606

  • Turn-key asset with downside protection and immediate upside
  • 5.79% market cap rate, assumes market rents of $1,650- $1,770 for the studios and $2,000-$2,199 for the one bedroom units
  • Laundry facilities on-site
  • 19 of the 24 units are renovated with all new laminate flooring, built in white wood cabinets, all new dual pane windows & stainless-steel appliances
  • Twelve controlled-access, off-street parking spots
  • Located less than ½ mile from Lake Merritt and a 7-minute drive to Downtown Oakland

Key Property Information

Listing Status
Unavailable
Listing Type
Highest & best offer
Multifamily type
Garden Style
No. of Units
24
Cap Rate
4.57%
GRM / GIM
12.22
Year Built
1930
Building Size
15,135 Sq ft
No. of Stories
3
Opportunity Zone
Off
Price per unit
$ 250,000