2568 Scenic Ave
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2568 Scenic Ave
3 Unit Apartment Building $1,100,000 ($366,667/Unit) 6.08% Cap Rate Oakland, CA 94602
Investment Highlights
- Well maintained triplex in the desirable Dimond neighborhood of Oakland
- Well-maintained, turn-key property
- Low operating expense with ease of maintenance
- Two houses on one lot - versatile for owner occupancy or rental
- Separately metered for water, gas and electric
- Shared backyard for residents
Executive Summary
Price Reduced! Team Chappell is pleased to present 2568 Scenic Avenue: a charming triplex in the Dimond neighborhood of Oakland. Consisting of two
buildings, one with 2 units and the other a standalone house. Built in 1924, the property has been well maintained with updated interiors as well as a community garden for the residents to enjoy. This versatile property, combined with its central location, makes it an attractive
prospect for an investor seeking flexibility of either generating income from all three units or owner-occupying a unit while renting the other two.
Located in the vibrant Dimond neighborhood of Oakland, this property is surrounded by an exciting array of amenities. Just steps away,
residents can enjoy the serene beauty of Joaquin Miller Park or visit the Chabot Space & Science Center for a day of educational
exploration. The local dining scene boasts an impressive variety of culinary experiences, from cozy cafes to upscale restaurants, offering
something for every palate. With convenient access to public transportation and major thoroughfares, the area is ideal for multifamily and high-rise investors looking to capitalize on the dynamic Oakland market.
buildings, one with 2 units and the other a standalone house. Built in 1924, the property has been well maintained with updated interiors as well as a community garden for the residents to enjoy. This versatile property, combined with its central location, makes it an attractive
prospect for an investor seeking flexibility of either generating income from all three units or owner-occupying a unit while renting the other two.
Located in the vibrant Dimond neighborhood of Oakland, this property is surrounded by an exciting array of amenities. Just steps away,
residents can enjoy the serene beauty of Joaquin Miller Park or visit the Chabot Space & Science Center for a day of educational
exploration. The local dining scene boasts an impressive variety of culinary experiences, from cozy cafes to upscale restaurants, offering
something for every palate. With convenient access to public transportation and major thoroughfares, the area is ideal for multifamily and high-rise investors looking to capitalize on the dynamic Oakland market.
Property Facts
| Price | $1,100,000 | Property Subtype | Apartment |
| Price Per Unit | $366,667 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.08% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 11.58 | Building Size | 2,225 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1924 |
| Price | $1,100,000 |
| Price Per Unit | $366,667 |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| Gross Rent Multiplier | 11.58 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,225 SF |
| No. Stories | 1 |
| Year Built | 1924 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Kitchen
- Oven
- Yard
- Dining Room
Site Amenities
- 24 Hour Access
- Walk-Up
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Walk Score ®
Very Walkable (77)
zoning
| Zoning Code | RM2 (Multi-Family Dwelling) |
| RM2 (Multi-Family Dwelling) |
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Grant Chappell -
Jonathan Burmenko -
Robert Chappell -
Sam Hayes -
NAI Northern California
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2568 Scenic Ave
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