421 Staten Ave is a stunning 16-unit apartment complex located in the thriving city of Oakland, CA.
Situated on a 7,000 square foot parcel of land, the subject property was originally constructed in 1967 and has a gross building area of approximately 15,359 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants enjoy convenient amenities such as on-site laundry, private balconies, and private gated below-grade parking.
Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others.
In addition, Oakland also serves as the trade center for the entire Bay Area due to the Port of Oakland being the busiest port in all of Northern California. Tenants at 421 Staten Ave are also offered convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area and surrounding areas.
The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 421 Staten Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.