$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
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 |
1 of 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 038-3183-008-00 | Improvements Assessment | $1,574,009 |
| Land Assessment | $674,575 | Total Assessment | $2,260,886 |
ZONING
| Zoning Code | R-3, Oakland (Residential) |
