3027 Capp St - Apartments FOR SALE


Oakland, CA 94602- School
$2,250,000 USD
510-255-2248
3027 Capp St, Oakland, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/11
null | 6.21% Cap Rate

3027 Capp St
Oakland, CA 94602
School


HIGHLIGHTS

  • 17-Unit Apartment Building in Oakland's Lower Dimond District
  • Priced at $2,250,000 or $132K per Unit and Under $200 per SqFt
  • Desirable Unit Mix of 1, 2, and 3 Bedroom 1 Bathroom Units | Approximately 12,080 SF of Rentable Space
  • Secure Gated Access | On-Site Secure Parking Area
  • Proximity to Scenic Lake Merritt, Grand Lake Theater, North Eastern University, and Children’s Fairland
  • Convenient Access to I-580, Highway 13, I-880, and Fruitvale BART

OVERVIEW

Elevate your investment portfolio with this exceptional opportunity in Oakland, CA. The property boasts a substantial 12,080 SF building featuring 17 units designed for optimum comfort and convenience. From spacious three-bedroom units to functional studios, each residence is individually metered for electric, ensuring efficient operations. The presence of an on-site secure garage parking area adds in-demand convenience for tenants. Strategically situated in Oakland's coveted Cleveland Heights neighborhood, near Lake Merritt and major transportation routes, this multifamily, low-rise/garden property offers an attractive prospect for savvy investors seeking a prime location and a diverse range of rental units to meet market demands. Please DO NOT Disturb Tenants. Kindly complete and submit the Disclosure i.o Cover Sheet confirming you and your clients have reviewed the disclosures. Disclosure: https://app.disclosures.io/link/3027-Capp-Street-0podcx32 Virtual Tour: • Unit 11: https://my.matterport.com/show/?m=mgzgRFJmw6x Open House Schedules (Vacant Unit): • Tuesday, February 25th between 10:30 AM – 11:30 AM • Thursday, February 27th between 10:30 AM – 11:30 AM • Thursday, March 6th between 10:30 AM – 11:30 AM OFFERS DUE: Offers will be reviewed upon receipt. Submit Offers Here: https://app.disclosures.io/link/3027-Capp-Street-0podcx32

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

17

PRICE/UNIT

$132,353

CAP RATE

6.21%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$132K PER UNIT | OAKLAND | DIMOND DISTRICT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,098 SF

ZONING

R-50, Oakland

APN/PARCEL ID

027-0859-018-00

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.