5865 Marshall StOakland, CA 94608

This well-maintained, eight-unit apartment building in Oakland, CA, presents a compelling investment opportunity. Located at 5865 Marshall St., near Emeryville, this property boasts convenient access to public transportation (5 minutes from Amtrak), parks (Doyle Hollis Park), and popular dining and shopping destinations (Townhouse Bar and Grill, Bay Street shopping center, Public Market Food Hall). The building, constructed in 1908 and extensively renovated in 2023, features eight one-bedroom, one-bathroom units, each with high ceilings and separate PG&E meters. Recent upgrades include new laminate wood flooring, fresh interior and exterior paint, and landscaping improvements. A large patio area showcases new terra cotta tile, a new French drain, and new fencing. The sewer lateral is compliant. Three units (#4, #5, and #7) have been fully renovated to a high standard, and unit #6 will be vacant at closing. The property sits on a 4,400 sq ft lot and totals 3,615 sq ft, with 3,651 sq ft of net rentable space. The current NOI is $75,802, with a pro-forma NOI of $169,800, representing a significant upside potential. The asking price is $1,680,000, translating to $210,000 per unit and a 4.5% cap rate (7.10% pro-forma). The property is currently 100% occupied and zoned for apartment houses with five or more units. This turnkey investment offers stable income and strong potential for future growth. A 3D tour is available.