2262-2270 High St - Apartments FOR SALE


Oakland, CA 94601
$2,495,000 USD
510-822-1331
2262-2270 High St, Oakland, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/49
null | 8.49% Cap Rate

2262-2270 High St
Oakland, CA 94601


HIGHLIGHTS

  • 9-unit Investment Housing Over 40 Tenants
  • Packaged Sale of Five Properties Including One Fourplex, One Duplex, and Three Single-Family Homes
  • 7,800 Square Feet of Rentable Space Spread Across Two Parcels on a 24,000 Square Foot Lot
  • Currently Under Net Lease to Safe & Sober Housing Company: Off The Street Ministries, LLC
  • All Buildings Have Been Remodeled Over Time and Offer Newer Roofs, Upgraded Kitchens and Bathrooms, Updated Electrical, Double Pane Windows, and More
  • Separately Metered For PG&E with Low Projected Annual Operating Expenses

OVERVIEW

9-unit packaged sale of five different properties spread across two parcels with a combined lot size of 24,000 square feet. This offering includes a fourplex (2264 High St), a duplex(2270 High St), and three single-family homes (2262 High St, 2266 High St, and 2311 Courtland Ave). All of the buildings offer two-bedroom one bath units except for 2311 Courtland Ave which offers a three bedroom and one bathroom. Currently, 2264 High St and 2270 High St have been merged to create large open spaces for the purpose of a sober living facility, so each level offers four bedrooms and two bathrooms. All the buildings have been remodeled over time and offer newer kitchens, bathrooms, newer roofs, double pane windows, and updated electrical and plumbing systems. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The property can be delivered 100% vacant creating a perfect opportunity for an owner-user or investor seeking high market rents. This is an extremely convenient location near HWY580 and only a short drive to Lake Merritt, Grand Lake/Lakeshore shopping, and Downtown Oakland. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

9

PRICE/UNIT

$277,222

CAP RATE

8.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9-unit Investment Housing Over 40 Tenants

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1919

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

R50, Oakland

APN/PARCEL ID

032-2046-010-01,032-2046-011-03

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.