1240 E 15th St - Apartments FOR SALE
Oakland, CA 94606 |
$825,000 USD
925-430-6197
1240 E 15th St
Oakland, CA 94606
HIGHLIGHTS
- Welcome to an exceptional investment opportunity at 1240-1248 E 15th St, a well maintained 4-unit building
- Boasting a solid cap rate and occupied by vetted tenants, this asset delivers immediate stability and consistent rental income.
- The property is thoughtfully designed with an open lot offering valuable off-street parking—a coveted feature that ensures tenant satisfaction
- Recently landscaped to perfection, the property presents an inviting and well-kept exterior that sets the tone for the entire building.
- Given the strong demand in the area and the potential for market rent growth, the property offers significant upside.
- Currently fully leased, any future vacancy would present an opportunity to increase rental income by adjusting rents to prevailing market rates
FOR SALE DETAILS
PRICE
$825,000 USD
PRICE/SF
$138 USD /SF
# OF UNITS
4
PRICE/UNIT
$206,250
CAP RATE
6.24%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
1240-1248 E 15TH ST
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1944
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.14 AC
LAND SF
6,098 SF
ZONING
-
APN/PARCEL ID
020-0170-009-00
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925-430-6197
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925-430-6197
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