2515-2521 San Pablo Ave - Apartments FOR SALE


Oakland, CA 94612- West Oakland
$3,900,000 USD
510-469-3300
2515-2521 San Pablo Ave, Oakland, CA for Sale
$3,900,000 USD
Apartments - FOR SALE
1/65
null | 6.17% Cap Rate

2515-2521 San Pablo Ave
Oakland, CA 94612
West Oakland


OVERVIEW

Lee & Associates, as the exclusive advisor, is pleased to present 2515-2521 San Pablo Avenue, a 4-unit live/work property in the dynamic market of West Oakland. Originally built in 1928, this converted dairy creamery combines historic charm with modern style, offering unique live/work lofts. This two-story brick and timber constructed building features four individual loft spaces totaling 16,582 square feet on 0.32 acres. The spacious units, ranging from 3,567 to 5,473 square feet, provide a perfect blend of urban living and rustic retreat, showcasing the best of past and present in loft conversions. With open floor plans, high ceilings, and large factory windows, this historic brick building offers an unparalleled living experience. Its exceptional rental history and quick lease turnover highlight its uniqueness in the market. Each loft blends industrial charm with modern comfort, creating an inviting atmosphere for living and working. All units feature interior washers and dryers and have access to a second-floor roof deck. Additionally, two of the units include oversized garage spaces with roll-up doors. Located in the vibrant and culturally rich neighborhood of West Oakland, this area is known for its dynamic mix of residential and commercial properties, creating a lively community atmosphere. Its proximity to downtown Oakland and major freeways like I-580 and I-880 ensures easy access to the broader Bay Area, including San Francisco. With nearby public transportation and several BART stations, commuting is convenient. The area is surrounded by diverse dining options, unique shops, and various entertainment venues, making it a hub for living and leisure. Ongoing development and revitalization efforts further enhance the neighborhood’s appeal, promising future growth and investment potential. This is a rare and exceptional opportunity to acquire a premier income-generating asset with significant cash flow potential. The property’s management is streamlined by having only four master tenants, enhancing its appeal as a highly attractive investment.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

4

PRICE/UNIT

$975,000

CAP RATE

6.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Live-Work 4 Unit Sale

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RU-5

APN/PARCEL ID

003-0013-003-00

ASK ABOUT THIS PROPERTY

Ryan DavidsonLee & Associates Commercial Real Estate ServiceMore Info
510-469-3300

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Ryan DavidsonLee & Associates Commercial Real Estate ServiceMore Info
510-469-3300

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