7123 Holly St - Apartments FOR SALE


Oakland, CA 94621- Middle East Oakland
$1,050,000 USD
408-666-2585
7123 Holly St, Oakland, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/19
null | 6.82% Cap Rate

7123 Holly St
Oakland, CA 94621
Middle East Oakland


HIGHLIGHTS

  • Separate water meters.
  • (3) Units are currently vacant, and rent ready.
  • Close proximity to Oakland Arena & Coliseum, I-880 and I-580, and Bart Station.

OVERVIEW

The R&Z Group of Compass Commercial is thrilled to bring 7123 Holly St, Oakland, CA—a rare multifamily investment in the Hegenberger neighborhood! This two-story 6 unit building offers spacious 2 Bed 1 Bath units across the board. A total of (3) units are currently vacant, have updated interiors and ready to be leased, offering immediate market rents. The building spans a total of 4,920 sqft sitting on a 0.17 acre lot. Each unit is individually metered for water, providing operational efficiency and reducing ownership expenses. The exterior has recently been updated with a fresh coat of paint, and while the interiors remain largely original, they present a clear opportunity for value-add upgrades to drive rental growth and an option to add in-unit washer/dryer. 7123 Holly St offers excellent connectivity and access to major East Bay destinations. Located less than two miles from the Oakland Coliseum and Oakland Arena, the property is also within three miles of the Oakland Zoo and just a short drive from the Oakland International Airport. Tenants enjoy convenient access to nearby shopping centers, public transportation, and major thoroughfares, including Interstates 880 and 580, making it an ideal location for commuters and local residents alike. Contact The R&Z Group of Compass Commercial today to schedule a viewing and make 7123 Holly St your next great investment!

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

6

PRICE/UNIT

$175,000

CAP RATE

6.82%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,349 SF

ZONING

R-35, Oakland

APN/PARCEL ID

039-3308-013-00

ASK ABOUT THIS PROPERTY

Ken WuCompass CommercialMore Info
408-666-2585

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Ken WuCompass CommercialMore Info
408-666-2585

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