2451 Seminary Ave - Apartments FOR SALE


Oakland, CA 94605- Middle East Oakland
$2,749,500 USD
510-255-2248
2451 Seminary Ave, Oakland, CA for Sale
$2,749,500 USD
Apartments - FOR SALE
1/19
null | 7.27% Cap Rate

2451 Seminary Ave
Oakland, CA 94605
Middle East Oakland


HIGHLIGHTS

  • (1) Two Bedrooms One Bathroom Unit | (17) One Bedroom One Bathroom Units | (6) Studio Units
  • 16,707 SF building with 24 Units
  • Individually Metered for Gas and Electric
  • On-Site Secured Parking | On-Site Laundry (Additional Income)
  • Ample Storage Space
  • Located in an Opportunity Zone | Proximity to Macarthur BART

OVERVIEW

Introducing 2451 Seminary Avenue, a prime investment opportunity in Oakland, CA. This historic 24-unit property, constructed in 1931, boasts 16,707 SF of space and a diverse unit mix including (1) Two Bedrooms One Bathroom Unit, (17) One Bedroom One Bathroom Units, and (6) Studio Units. Individually metered for gas and electric, offering on-site garage parking, laundry facilities for additional income, and ample storage space, this property presents a compelling case for prospective Multifamily / Low-Rise/Garden investors. Prime location near Macarthur BART and situated in an Opportunity Zone, this property offers immense potential for a savvy investor. Kindly complete and submit the Disclosure i.o Cover Sheet confirming you and your clients have reviewed the disclosures. Please DO NOT Disturb Tenants. Disclosures: https://app.disclosures.io/link/2451-Seminary-Avenue-lcu17slb Virtual Tours: • 101: https://my.matterport.com/show/?m=g7vAYASVyJJ • 108: https://my.matterport.com/show/?m=F4fg5htz7pM • 201: https://my.matterport.com/show/?m=FivGbnv6bet Open House Schedules: • Friday, February 14th between 10:30 AM – 11:30 AM • Wednesday, February 19th between 10:30 AM – 11:30 AM • Friday, February 21st between 10:30 AM – 11:30 AM OFFERS DUE: Offers will be reviewed upon receipt. Submit Offers Here: https://app.disclosures.io/link/2451-Seminary-Avenue-lcu17slb

FOR SALE DETAILS

PRICE

$2,749,500 USD

PRICE/SF

$178 USD /SF

# OF UNITS

24

PRICE/UNIT

$114,563

CAP RATE

7.27%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$114K PER UNIT | 7% CAP | MOTIVATED SELLER

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,962 SF

ZONING

R-3, Oakland

APN/PARCEL ID

038-3183-008-00

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.