8024 Rudsdale St - Apartments FOR SALE


Oakland, CA 94621
$1,400,000 USD
510-543-7336
8024 Rudsdale St, Oakland, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

8024 Rudsdale St
Oakland, CA 94621


HIGHLIGHTS

  • 15 Unit, entitled approved development in an Opportunity Zone
  • The building design offers units averaging over 1,300 sq. ft.
  • Located near the Oakland International Airport, Port of Oakland, and the SF East Bay industrial employment base.
  • Located across the street from Oakland Public Library and Acorn Woodland Elementary School
  • In a qualified census tract
  • Potential Annual Gross Income over $618K

OVERVIEW

BUILD IT THEY WILL COME! 15 Unit development in an high demand area for workforce housing. The opportunity is located near Oakland's major employment centers. The property is under five miles from the Oakland International Airport. Additionally Oakland's large industrial presence offers prospective tenants ample employment opportunities nearby. For those working outside the immediate area major transportation hubs are in close proximity. The Coliseum BART station is less than one mile from the site and Interstate 880 is two miles away. This development opportunity potentially brings much needed workforce housing units to an area surrounded by employment centers & near transit. It sits across the street from an elementary school and the Oakland Public Library. Costs to build can be saved from the fact the foundations and exterior walls are in place. Local approvals are in place so a builder can start immediately and provide more housing to the area quickly. Property can be developed now and has ready to issue permit in place.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

15

PRICE/UNIT

$93,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Workforce Multi Family Development- 15 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2007

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

RM-3, Major CUP

APN/PARCEL ID

041-4203-016-01

ASK ABOUT THIS PROPERTY

Ethan PintardMarcus & MillichapMore Info
510-543-7336

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Ethan PintardMarcus & MillichapMore Info
510-543-7336

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