$6,500,000
Introducing a rare large-scale value-add opportunity in Oakland’s established residential corridor. This 42-unit, 22,361-square-foot multifamily asset presents investors with substantial lease-up and repositioning potential. The property is currently operating with significant vacancy, offering a rare chance to reset rents to market levels and implement strategic interior upgrades without waiting for natural turnover. In-place rents show notable variance, highlighting clear upside through improved management, renovations, and optimized tenant mix. Zoned RM-4 and constructed in 1963, the building provides scale and density that are increasingly difficult to replicate in today’s regulatory environment.
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Listed by Samuel Hayes with NAI Northern California (510) 336-4712
Property Type
Residential Income
Status
Active
MLS Number
41125456
Year Built
1963
Lot Size
0.31 acres