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.
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 |
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PROPERTY TAXES
| Parcel Number | 026-0813-008-03 | Improvements Assessment | $478,547 |
| Land Assessment | $176,799 | Total Assessment | $655,346 |
ZONING
| Zoning Code | R70 |
