555 Oakland Ave - Apartments FOR SALE


Oakland, CA 94611
$4,350,000 USD
707-363-2463
555 Oakland Ave, Oakland, CA for Sale
$4,350,000 USD
Apartments - FOR SALE
1/21
null | 6.09% Cap Rate

555 Oakland Ave
Oakland, CA 94611


HIGHLIGHTS

  • Pride of ownership 19-unit asset located in Oakland's Grand Lake Neighborhood
  • (1) 2bd/2ba Penthouse, three (3) 2bd/1ba units, and fifteen (15) 1bd/1ba units
  • Amenities include 19 garage parking spaces, balconies with views, and an on-site laundry room
  • Excellent occupancy history demonstrating the strong demand for this location
  • Just three blocks from Piedmont Avenue offering access to endless restaurants and shopping choices
  • 0.4 mi to Kaiser Permanente, and 0.8 mi to Alta Bates Medical Center, Oakland's largest employers

OVERVIEW

The Mitchell Warren Team is proud to present 555 Oakland Avenue, a well-maintained 19-unit apartment community located in Oakland's Grand Lake neighborhood. The property consists of one (1) 2 bedroom - 2 bathroom Penthouse, three (3) 2 bedroom - 1 bathroom units, and fifteen (15) 1 bedroom - 1 bathroom units totaling 16,923 square feet. Amenities include 19 garage parking spaces, balconies with views (select units), and an on-site laundry room. This pride of ownership property stands out for its pristine cleanliness, exceptional upkeep, and excellent occupancy history demonstrating the strong demand for this location. This is a rare opportunity to secure a turnkey multifamily asset in one of Oakland's most desired neighborhoods. 555 Oakland Avenue is located just three blocks from the Piedmont Avenue shopping district. Residents benefit from a range of choices, from Michelin-starred restaurant Commis to the historic Piedmont Theatre to the casual Barney's Gourmet Burgers, as well as a variety of other restaurants and shopping options. Commuters will appreciate the close proximity of city bus lines and the MacArthur BART Station, which allows access to the entire Bay Area. Additionally, the property is a short 0.4 mile walk to Kaiser Permanente (Oakland's largest employer) and only 0.8 mile walk from Alta Bates Medical Center (Oakland's second-largest employer).

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

19

PRICE/UNIT

$228,947

CAP RATE

6.09%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three Blocks from Piedmont - $250K Reduction

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,551 SF

ZONING

N/Av, Oakland

APN/PARCEL ID

010-0815-010-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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