2327-2329 San Pablo Ave - Apartments FOR SALE


Oakland, CA 94612- West Oakland
$1,499,500 USD
510-255-2248
2327-2329 San Pablo Ave, Oakland, CA for Sale
$1,499,500 USD
Apartments - FOR SALE
1/23
null | 7.72% Cap Rate

2327-2329 San Pablo Ave
Oakland, CA 94612
West Oakland


HIGHLIGHTS

  • Motivated Seller - 22 SRO Units and 1 Retail Unit | Property Delivered Vacant
  • Newer Dual Pane Windows Throughout | Significant Structural Stabilization in Rear and Ground Floor Retail
  • New Roof Coating | Remodeled Bathrooms
  • All Electrical Runs from the Main Panel into the Rooms | New Copper Piping with Pressure Relief Valves
  • Fire Sprinkler Updates and Redesign | Sewer Lateral Compliant
  • New Flooring, LED Lighting, Interior Hallway Fire Doors, Heaters, CAT6 and Coaxial Data Lines and Hardware

OVERVIEW

Qualified investors are extended the opportunity to purchase or master lease 2327 San Pablo Avenue located in Oakland, CA. This completely renovated commercial building consists of 22 SRO units and 1 large commercial space. Extensive renovations include; new dual pane windows, new roof coating, significant structural stabilization in rear and ground floor retail, remodeled bathrooms, fire sprinklers throughout, included fire doors and fire escape, new copper piping with pressure relief valves, sewer lateral compliant, replaced all doors with key-less hardware, new LED lighting, replaced all heaters, and installed CAT6 and coaxial data lines in all units. 2327 San Pablo Avenue allows both local and regional investors the opportunity to acquire an investment in a popular market with strong growth potential of both income stream and investment value. Disclosures: https://app.disclosures.io/link/2327-San-Pablo-Avenue-prc8vxe0 Virtual Tours: • 3rd Floor: https://my.matterport.com/show/?m=tM1AWdkAYct • Unit 300: https://my.matterport.com/show/?m=MkNsDyBxuQc • Unit 301: https://my.matterport.com/show/?m=KB53QjWUHWa • Unit 302: https://my.matterport.com/show/?m=KidYcBycpij Open House Schedules: • Tuesday, February 25 between 11:30 AM – 12:30 PM • Thursday, February 27 between 11:30 AM – 12:30 PM OFFERS DUE: Offers will be reviewed upon receipt. Submit Offers Here: https://app.disclosures.io/link/2327-San-Pablo-Avenue-prc8vxe0

FOR SALE DETAILS

PRICE

$1,499,500 USD

PRICE/SF

$210 USD /SF

# OF UNITS

23

PRICE/UNIT

$65,196

CAP RATE

7.72%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

23 UNITS DOWNTOWN OAKLAND | $62K PER UNIT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

C-35, Oakland

APN/PARCEL ID

003-0021-006-00

ASK ABOUT THIS PROPERTY

Stephen PagonesCPG | Commercial Property GroupMore Info
510-255-2248

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Stephen PagonesCPG | Commercial Property GroupMore Info
510-255-2248

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