4124 Lyon ave - Apartments FOR SALE


Oakland, CA 94601- Jefferson
$2,895,000 USD
510-725-4775
4124 Lyon ave, Oakland, CA for Sale
$2,895,000 USD
Apartments - FOR SALE
1/52
null | 7.8% Cap Rate

4124 Lyon ave
Oakland, CA 94601
Jefferson


HIGHLIGHTS

  • Eight Brand New Units Built in 2023 & Comprised of Four 3bd/1.5bth and Four 4bd/1.5bth-All With High End Finishes
  • Delivered 100% Occupied at Near Market Rents
  • Each Unit Features Modern Fixtures, Stainless-Steel Appliances, Dual Pane Windows & Large Private Patios
  • Fully Turned Exterior & Interiors-No Upgrades Necessary!
  • Seismically Retrofitted w/High End Upgrades Throughout
  • Brand New Construction Means No City Rent Control, Rent Board Fees, or Maintenance/Repairs Required

OVERVIEW

The Lyon Avenue Residences is a brand new eight unit multifamily property centrally located in the Jefferson neighborhood of Oakland, CA. The building features an ideal mix of four 3bd/1.5bth and four 4bd/1.5bth, totaling 9,052 SF of rentable space. The property is fully occupied providing investors with market rate & high quality tenants. 4124 Lyon is set on a huge 11,227 SF double-wide lot, featuring five covered carport spaces, three parking stalls, and onsite coin-operated laundry. The property features tastefully modern kitchens, bathrooms, and large private balconies. The building features separate meters for PG&E, and future ownership can take advantage of a RUBS program to further minimize operating expenses. The Lyon Ave Residences boast an excellent location in Oakland's Jefferson neighborhood. This property is walking distance to prime amenities including Farmer Joe's Marketplace, coffee shops, restaurants, parks and fitness studios. Additionally, the building is only five miles from both Lake Merritt and the Oakland Zoo, providing ample opportunity for recreation. Oakland International Airport is just over a ten minute drive, making this property's location highly convenient and desirable.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

8

PRICE/UNIT

$361,875

CAP RATE

7.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,307 SF

ZONING

RM-3 , S-13

APN/PARCEL ID

032-2069-047-01

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

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