3210 San Leandro StOakland, CA 94601

Property Details for 3210 San Leandro St

Year built

1918

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

4,516 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

33-2193-10-1

APU

332193101

Description

This exceptional 8-unit apartment building, located at 3210 San Leandro Street in Oakland, California, presents a compelling investment opportunity. Built in 1918 and situated on a 4,210 square foot lot, this two-story, Class C property boasts a total of 6,405 square feet of rentable space. The asking price is $1,700,000, translating to $212,500 per unit and a price per square foot of $265.42. The property enjoys a strong 6.36% cap rate and a net operating income (NOI) of $108,197. Significant upgrades have been implemented, including a new concrete foundation, on-demand water heaters, separate electrical meters for each unit, and recently renovated bathrooms and kitchens. Currently fully rented with stable tenants, this property benefits from its convenient location near public transportation, shopping, and dining options. The Alameda County property (APN: 033 219301001) offers freeway accessibility and is in a busy location. This owner-user investment is a rare find in the competitive Oakland market. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,586,353

  6.5%

  $2,387,403

  7%

  $2,216,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,311,988

  Geo Method

  $1,952,314

• Alternative Use

  Use

  Valuation

  Residential

  $2,387,403

  Hospitality

  $2,186,848

  Educational

  $1,819,432

  Medical

  $1,882,005

  Retail

  $2,830,228

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.7753

Longitude

-122.227

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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