| CREOP

Description: Perfect for owner-user or investor, this multi-family property provides an opportunity to purchase strong future cashflow in a centrally located Oakland neighborhood. The subject property has a desirable unit mix featuring (2) 2 bedroom/1 bathroom and (2) 1 bedroom/1 bathroom units and measures approximately 3,218 square feet, on a 6,000 square foot parcel, with off street parking for each unit. Currently with below market rents, and one vacant unit, investors have an opportunity to purchase the asset on a low price per unit and price per square foot basis, while incrementally increasing income overtime to realize the property's full potential. Some upgrades have been made at the property over time including various unit improvements made upon vacancy and new rear exterior stairs. The Oakland, CA multifamily market is poised to experience robust future growth, driven by a combination of strong demand for rental housing, a diverse economy, and ongoing urban revitalization efforts. With its proximity to San Francisco, Oakland has become increasingly attractive to renters seeking more affordable alternatives without sacrificing access to employment opportunities and cultural amenities. While vacancy rates have crept up the last 36 months, we are now seeing a stabilization, with vacancy rates projected to trend downward in the near future. Rental prices have also stabilized and we should start to see a consistent upward trends, as units are absorbed, reflecting the area's appeal to young professionals, families, and students. Additionally, the city's commitment to infrastructure improvements and community development further enhances its desirability, making it a promising market for multifamily investors looking for stable returns and long-term appreciation. All and all, Oakland is one of the best cities in the Bay Area. It's vibrant cultural diversity, thriving arts scene, and rich history, contribute to a unique and dynamic urban environment. The city's strategic location, easy access to San Francisco and Silicon Valley, attract a diverse group of tenants seeking affordable living options. With ongoing development and revitalization efforts, Oakland continues to solidifying its status as a top choice for investors, residents, and visitors alike.

Location Highlights

Public Transportation: The property is conveniently served by multiple AC Transit bus lines, providing easy access to downtown Oakland and surrounding neighborhoods, making it a great option for commuters. The Coliseum BART Station is a short drive away, connecting residents to the broader Bay Area transit network, including direct routes to San Francisco and Berkeley.
Shopping: Just a short drive away, residents will find shopping options at Eastmont Town Center, which includes major retailers, grocery stores, and specialty shops. There are numerous convenience stores and pharmacies in the area ensure that daily necessities are easily accessible.
Parks and Recreation: Sunnyside Park, located just a few blocks away, features playgrounds, sports facilities, and open green spaces, perfect for family outings and recreational activities. A short drive away is Knowland Park, a larger outdoor space offering hiking trails, picnic areas, and beautiful views of the Bay Area, ideal for nature lovers and outdoor enthusiasts.
Community and Culture: The area is characterized by a vibrant community atmosphere, with local events and markets that promote neighborhood engagement and support local businesses. Residents can enjoy cultural diversity reflected in the local shops, restaurants, and community gatherings.
Area Schools: Nearby Elementary Schools include Markham Elementary School and Cleveland Elementary School, both offering quality education within a short distance, making it ideal for families with young children. Nearby Middle & High Schools include Laurel Elementary School and Skyline High School, providing educational continuity for families in the area.