8 UNITS MULTIFAMILY INVESTMENT | 6.5% CAP 2810 Garden St

8 Unit Apartment Building $2,050,000 ($256,250/Unit) Oakland, CA 94601

INVESTMENT HIGHLIGHTS

  • Turnkey Income Property: Stable tenant base with consistent cash flow
  • Strong Market Fundamentals: High rental demand, job growth, and a thriving local economy
  • Future Upside: Potential for value-add improvements to increase NOI
  • Prime Location: Minutes from major freeways, downtown Oakland, and public transit
  • 1031 Exchange Ready: Ideal asset to preserve capital and maximize returns
  • One vacant unit allowing buyer to maximize market rate rent

EXECUTIVE SUMMARY

Seize the opportunity to own a prime eight-unit multifamily asset in a thriving, high-demand rental market. Perfect for 1031 exchange buyers and investors, this well-positioned property consists of two buildings (each building has four units) generating steady rental income, with significant upside potential for long-term appreciation.
Key Highlights:
* Turnkey Income Property: Stable tenant base with consistent cash flow
* Prime Location: Minutes from major freeways, downtown Oakland, and public transit
* Strong Market Fundamentals: High rental demand, job growth, and a thriving local economy
* 1031 Exchange Ready: Ideal asset to preserve capital and maximize returns
* Future Upside: Potential for value-add improvements to increase NOI
With Oakland’s booming multifamily market, this is a rare opportunity to secure a high-yield asset in a sought-after neighborhood.

PROPERTY FACTS

Price $2,050,000
Price Per Unit $256,250
Sale Type Investment
Sale Condition 1031 Exchange
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.23 AC
Building Size 6,728 SF
Average Occupancy 88%
No. Stories 2
Year Built 1952
Parking Ratio 1.19/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Storage Space
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Yard

SITE AMENITIES

  • 24 Hour Access
  • Trash Pickup - Curbside
  • Storage Space
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 8 $2,150 841

PROPERTY TAXES

ZONING

Zoning Code R70
  • Listing ID: 34823657

  • Date on Market: 2/13/2025

  • Last Updated:

  • Address: 2810 Garden St, Oakland, CA 94601