444 Lee StOakland, CA 94610

This exceptional 20-unit apartment building presents a compelling investment opportunity in Oakland's desirable Adams Point neighborhood, just a block from Lake Merritt. The property boasts 12,507 square feet on a 6,250 square foot lot and comprises fourteen studios, five one-bedroom/one-bathroom units, and one two-bedroom/one-bathroom unit. Currently operating at 100% occupancy, the building generates a strong NOI of $263,499, with a pro-forma NOI projected at $295,704, reflecting a 6.60% cap rate and a pro-forma cap rate of 7.40%. Built in 1916, this four-story building is exceptionally well-maintained and benefits from its proximity to downtown Oakland and the lake. The property's strong tenant base is drawn to its convenient location and classic charm. The asking price is $3,995,000, translating to $199,750 per unit. The property's address is 444 Lee Street, Oakland, CA 94610, and its APN is 10-775-17. This is a rare chance to acquire a well-performing multifamily asset in a prime Oakland location. The building has been effectively self-managed for the past 16 years, demonstrating its ease of operation and potential for further optimization.