2451 Seminary Ave - Apartments FOR SALE


Oakland, CA 94605- Middle East Oakland
$2,550,000 USD
510-255-2248
2451 Seminary Ave, Oakland, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/20
null | 8.02% Cap Rate

2451 Seminary Ave
Oakland, CA 94605
Middle East Oakland


HIGHLIGHTS

  • 8% CAP Rate on Current Income | $106,250 Per Unit
  • Motivated Seller
  • Recently Renovated Units and Common Areas
  • New Interior Hallway Flooring | Newer Fire Panel – Recently Passed City of Oakland Fire Inspection
  • Separately Metered for Gas & Electric
  • Additional Garage/Storage Income

OVERVIEW

Prime 24-unit investment opportunity in Oakland, CA. Constructed in 1931, 2451 Seminary Ave boasts16,707 SF of space and a diverse unit mix of (1) Two Bedrooms One Bathroom Unit, (17) One Bedroom One Bathroom Units, and (6)Studio Units. Individually metered for gas and electric, the property offers, some storage in basement, some on-site garage parking, and laundry facilities for additional income. Situated in an opportunity zone and near Macarthur BART Station 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: • 108: https://my.matterport.com/show/?m=F4fg5htz7pM • 201: https://my.matterport.com/show/?m=FivGbnv6bet OFFERS DUE: Offers will be reviewed upon receipt. Submit Offers Here: https://app.disclosures.io/link/2451-Seminary-Avenue-lcu17slb

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

24

PRICE/UNIT

$106,250

CAP RATE

8.02%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8% CAP | $106k Per Unit | 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.