$150,000 Price Reduction | $108,000 Per Unit 2451 Seminary Ave

24 Unit Apartment Building $2,600,000 ($108,333/Unit) 7.52% Cap Rate Oakland, CA 94605

INVESTMENT HIGHLIGHTS

  • (1) Two Bedrooms One Bathroom Unit | (17) One Bedroom One Bathroom Units | (6) Studio Units
  • Individually Metered for Gas and Electric
  • Ample Storage Space
  • 16,707 SF building with 24 Units
  • On-Site Secured Parking | On-Site Laundry (Additional Income)
  • Located in an Opportunity Zone | Proximity to Macarthur BART

EXECUTIVE SUMMARY

Introducing 2451 Seminary Avenue, a prime investment opportunity in Oakland, CA. This historic 24-unit property, constructed in 1931, boasts 16,707 SF of space and a diverse unit mix including (1) Two Bedrooms One Bathroom Unit, (17) One Bedroom One Bathroom Units, and (6) Studio Units. Individually metered for gas and electric, offering on-site garage parking, laundry facilities for additional income, and ample storage space, this property presents a compelling case for prospective Multifamily / Low-Rise/Garden investors. Prime location near Macarthur BART and situated in an Opportunity Zone, this property offers immense potential for a savvy investor.
Kindly complete and submit the Disclosure i.o Cover Sheet confirming you and your clients have reviewed the disclosures.
Please DO NOT Disturb Tenants.
Disclosures: https://app.disclosures.io/link/2451-Seminary-Avenue-lcu17slb
Virtual Tours:
• 108: https://my.matterport.com/show/?m=F4fg5htz7pM
• 201: https://my.matterport.com/show/?m=FivGbnv6bet
OFFERS DUE: Offers will be reviewed upon receipt.
Submit Offers Here: https://app.disclosures.io/link/2451-Seminary-Avenue-lcu17slb

PROPERTY FACTS

Price $2,600,000
Price Per Unit $108,333
Sale Type Investment
Cap Rate 7.52%
Gross Rent Multiplier 6.61
No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.16 AC
Building Size 16,707 SF
Average Occupancy 87%
No. Stories 4
Year Built 1931

UNIT AMENITIES

  • Heating
  • Kitchen
  • Tub/Shower

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 6 - 625 - 800
1+1 17 - 625 - 800
2+1 1 - 800
Walk Score®
Very Walkable (83)

PROPERTY TAXES

ZONING

Zoning Code R-3, Oakland (Residential)
  • Listing ID: 34729559

  • Date on Market: 2/5/2025

  • Last Updated:

  • Address: 2451 Seminary Ave, Oakland, CA 94605