$4,995,000
32 apartments, mostly townhome style, in two 16-unit, two-story buildings on two parcels (2124 90th Ave and 2125 92nd Ave), built in 1964: 26 two-bedrooms, 5 three-bedrooms and 1 four-bedroom in about 28,000 SF on about 0.64 acres. Gated, with on-site parking and two laundry rooms. City of Oakland soft-story exemption granted in 2024. Subject to a City of Oakland regulatory agreement through 12/2032 (at least 8 units at 80% AMI or below). Market rents run about 26% above in-place rents. In East Oakland off MacArthur Boulevard with quick I-580 access, near Coliseum BART / Amtrak, Eastmont Town Center and Oakland Airport. 11.43% current cap; 13.64% pro forma cap at market rents. Taxes reflect the seller's current welfare exemption; buyer to verify. 100% occupied per the rent roll.
Listed by Alina Siert with KW Advisors
MLS Property Type
Commercial Sale
Status
Active
MLS Number
ML82064076
Year Built
1964
Building Size
14,026 sq ft
Lot Size
0.64 acres
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