One Thin Dime - Oakland Portfolio Multi-Family FOR SALE


Oakland, CA
$10,835,000 USD
408-909-8629
, Oakland, CA for Sale
$10,835,000 USD
Multi-Family - FOR SALE
1/12
null | 5.03% Cap Rate

One Thin Dime - Oakland Portfolio
Oakland, CA


HIGHLIGHTS

  • This Rare Portfolio Investment Opportunity Features Ten (10) Total Properties Comprised of Sixty-Eight (68) Total Units
  • Tremendous Value-Add Opportunity for Investors to Stabilize the Properties by Addressing Deferred Maintenance Items and Making Cosmetic Improvements
  • Capital Pass Throughs can Offset Some Cap-Ex Costs and Bring Up the Current Rents
  • Eleven (11) Vacant Units that can be Renovated and Rented for Market Rent
  • Various Oakland Locations Spanning Adams Point to East Oakland
  • 10.78 Current GRM; 6.98 Market GRM; 9.66% Market Cap Rate; Properties May be Purchased Separately or Together

OVERVIEW

The Pinza Group is pleased to present the One Thin Dime Portfolio, an exceptional investment opportunity spanning from Adams Point to East Oakland. This portfolio comprises 10 multifamily properties, strategically located near diverse dining, shopping, and entertainment options, with convenient access to major Bay Area employers via the I-880 & I-580 highway corridors. This portfolio offers a tremendous value-add opportunity for investors to stabilize the properties by addressing deferred maintenance and making cosmetic improvements, ensuring an attractive basis and outsized returns. Deferred maintenance items include but are not limited to roofs, electrical panels, plumbing, dry rot, seismic retrofit compliance, non-conforming units and more across the various properties. Capital pass-throughs can help offset some costs and increase current rents. Vacant units can be renovated and rented at market rates with RUBS to minimize future operating expenses. Day-one cash flows are expected to surpass those of other market properties, while equity growth through forced appreciation will exceed typical possibilities once deferred maintenance is addressed. Investors will acquire stabilized assets at low bases with a balanced unit mix of (35) studios, (20) 1-bedroom, and (13) 2-bedroom units across the 68-unit portfolio. Average Price Per Unit of $159,338; 10.78 Current GRM; 6.98 Market GRM; 9.66% Market Cap Rate; Properties May be Purchased Separately or Together

ASK ABOUT THIS PROPERTY

Alec MatutPinza GroupMore Info
408-909-8629

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Alec MatutPinza GroupMore Info
408-909-8629

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