561 Oakland Ave - Apartments FOR SALE


Oakland, CA 94611- Grand Lake
$5,350,000 USD
916-698-9954
561 Oakland Ave, Oakland, CA for Sale
$5,350,000 USD
Apartments - FOR SALE
1/78
null | 5.82% Cap Rate

561 Oakland Ave
Oakland, CA 94611
Grand Lake


HIGHLIGHTS

  • First time ever on Market
  • Condo quality units
  • Soft story exempt
  • Turn Key Building
  • Nearly all capital improvements completed
  • Oversized units

OVERVIEW

The Bos Group proudly presents 561 Oakland Avenue, an immaculate 22-Unit apartment community in Oakland’s Grand Lake neighborhood. The property comprises of one oversized 1,500 Sf Penthouse, nine (9) 2 bedroom - 2 bathroom Units, and twelve (12) 1 bedroom - 1 bathroom Units totaling 24,960 square feet. Amenities include 22 garage parking spaces, balconies with views, and a tenant on-site laundry room. This pride of ownership property has never seen the market since its original construction, allowing it to stand out for its pristine cleanliness, exceptional upkeep, and historically low vacancy rate, demonstrating the strong demand for this location. Don’t miss this rare opportunity to secure a turnkey multifamily asset in one of Oakland’s most desired neighborhoods. 561 Oakland Avenue is located just three blocks from the Piedmont Avenue shopping district. Residents can enjoy the convenience of various choices, from Michelin-starred restaurant Commis to the historic Piedmont Theatre to the casual Barney’s Gourmet Burgers and various other restaurants and shopping options. Commuters will find the property’s proximity to city bus lines and the MacArthur BART Station, which allows access to the entire Bay Area, highly convenient. Additionally, the property is a short 0.4-mile walk to Kaiser Permanente (Oakland’s largest employer) and only a 0.8-mile walk from Alta Bates Medical Center (Oakland’s second-largest employer), making it an ideal location for professionals.

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

22

PRICE/UNIT

$243,182

CAP RATE

5.82%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saxony Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

010-0815-009-02

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
916-698-9954

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Willem BosCompass CommercialMore Info
916-698-9954

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