282 Wayne Ave - Apartments FOR SALE


Oakland, CA 94606
$3,795,000 USD
510-281-2824
282 Wayne Ave, Oakland, CA for Sale
$3,795,000 USD
Apartments - FOR SALE
1/15
null | 6.2% Cap Rate

282 Wayne Ave
Oakland, CA 94606


HIGHLIGHTS

  • This building features (9) two-bedroom, two-bath units and a luxurious penthouse, each boasting over 1,000 square feet of living space.
  • Fully compliant with Oakland's soft story ordinance.
  • With a walk score of 83, tenants can easily accomplish errands on foot, surrounded by parks, dining, and amenities.
  • Currently vacant, it awaits a new owner to remodel, with potential for additional bedroom additions.

OVERVIEW

Built in 1962 just off of Lake Merritt, 282 Wayne is a true trophy property. The property consists of (9) two bedrooms, two bath units and (1) penthouse unit that is one bedroom, one bath. The penthouse has a private deck with amazing views. It's currently vacant and waiting for a new owner to remodel and possibly add on a bedroom. Most units have lake views. Another major asset to the property is that it is fully parked in a neighborhood short on parking. Additionally, the building is compliant with Oakland's soft story ordinance. 282 Wayne is truly an A+ location just steps from Lake Merritt. The building offers amazing lake views and boasts a walk score of 83. Outdoor space in abundance with tenants being in walking distance to the Lake Merritt and Hanover Park & Lakeside Park. Local residents can also enjoy a short walk to grocery shopping at Lucky's and pick up prescriptions and toiletries from Walgreen's. Nearby restaurants include the popular bar and restaurant Portal and the Leaning Tower of Pizza.

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

10

PRICE/UNIT

$379,500

CAP RATE

6.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

RMFD

APN/PARCEL ID

021-0226-001-00

ASK ABOUT THIS PROPERTY

Matt TreadwayThe Lapham Company, Inc.More Info
510-281-2824

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Matt TreadwayThe Lapham Company, Inc.More Info
510-281-2824

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