314 105Th AveOakland, CA 94603

Property Details for 314 105Th Ave

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 49-unit apartment complex in Oakland, CA, presents a compelling investment opportunity. Located at 314-324 105th Ave, Oakland, CA 94603, this well-maintained property boasts a strong annual income of $520,000 and a remarkable 98% occupancy rate, with a waiting list. The unit mix includes 21 one-bedroom, one-bathroom units (approximately 560 sq ft each) and 28 two-bedroom, two-bathroom units (approximately 799 sq ft each), catering to a diverse tenant base. This translates to a stable and lucrative income stream with significant potential for rental growth as leases renew. An attractive feature is the availability of an assumable loan of approximately $4,500,000 at a low interest rate, significantly reducing the upfront investment. Priced at $8,400,000, this property offers a chance to capitalize on the thriving Oakland rental market. The high occupancy rate and existing waiting list underscore the strong demand and inherent value of this investment. This is a prime opportunity for investors seeking a stable, high-yielding asset in a desirable location. The property's solid performance and potential for future appreciation make it an attractive addition to any portfolio. The existing tenant base and the potential for rental increases further enhance the investment's appeal.

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.7263

Longitude

-122.182

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