421 Staten Ave - Apartments FOR SALE


Oakland, CA 94610
$3,388,000 USD
650-546-1030
421 Staten Ave, Oakland, CA for Sale
$3,388,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

421 Staten Ave
Oakland, CA 94610


HIGHLIGHTS

  • Exceptional Adam's Point Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset.
  • Desirable Unit Mix - 421 Staten Ave offers tenants spacious two-bedroom and one-bedroom floor plans.
  • Convenient Tenant Amenities - Tenants enjoy convenient community amenities such as on-site laundry, private balconies, and private gated parking.
  • Nearby Local Attractions - 421 Staten Ave boasts proximity to some of the area's most popular attractions such as Lake Merritt and Lakeside Park.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,388,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

16

PRICE/UNIT

$211,750

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

R-80/S-2,Oakland

APN/PARCEL ID

010-0777-005-00

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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