2282 Park BlvdOakland, CA 94606

This exceptional nine-unit apartment building at 2282 Park Blvd, Oakland, CA 94606, presents a compelling investment opportunity. The property, situated on a 0.12-acre lot (APN 22-338-18-4), boasts 6,376 square feet of net rentable space and commands an asking price of $1,800,000, or $200,000 per unit. Built in 1949, this multifamily property offers a strong 6.21% cap rate with a Net Operating Income (NOI) of $111,765. The unit mix includes one studio and eight one-bedroom, one-bathroom apartments. Each unit benefits from separately metered PG&E utilities, enhancing efficiency and tenant management. A shared laundry room with individual storage units adds further convenience. The property's prime location in Oakland's Ivy Hill neighborhood provides easy access to a vibrant array of amenities, including numerous bars, restaurants, coffee shops, and parks. Its proximity to Cleveland Elementary School, Edna Brewer Middle School, and Oakland High School also makes it an attractive option for families. This well-maintained property offers a solid return on investment and significant potential for future growth in a desirable Oakland location. The price per square foot is $489.66.