2 Building - 10 Apartment Property + Parking | 3851-3857 Clarke St
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2 Building - 10 Apartment Property + Parking 3851-3857 Clarke St
10 Unit Apartment Building $2,700,000 ($270,000/Unit) 7.40% Cap Rate Oakland, CA 94609
Executive Summary
3851-3857 & 3901-3903 Clarke Street are two multi family buildings on separate lots being operated and sold as one 10 unit property. 3851-3857 Clarke is a 4 unit building consisting of 2 four bed/one bath apartments and 2 three bed/one bath apartments. All of the units in this building are extremely large with updated kitchens. 3901-3903 Clarke Street is a 6 unit building with all one bedroom apartments. The top floor units of 3901-3903 are full floor flats with huge eat-in kitchens and large formal living rooms. All of the units in both buildings have lovely wood floors and kitchens with dishwashers and garbage disposals. The buildings are connected by a shared driveway and backyard that boasts parking for 7 cars. 3851-3857 houses the laundry room for both buildings with exterior access from the backyard. The units are all separately metered for gas and electricity. Tenants pay for their own gas heat.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $2,700,000 | Apartment Style | Low Rise |
| Price Per Unit | $270,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 7.40% | Building Size | 8,688 SF |
| Gross Rent Multiplier | 8.4 | Average Occupancy | 97% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment | Parking Ratio | 0.81/1,000 SF |
| Price | $2,700,000 |
| Price Per Unit | $270,000 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| Gross Rent Multiplier | 8.4 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 8,688 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1911 |
| Parking Ratio | 0.81/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 2 | - | 1,000 |
| 3+1 | 2 | - | - |
| 1+1 | 6 | - | - |
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,069,798 (2024) | |
| Land Assessment | $320,939 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $748,859 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$320,939 (2024)
Improvements Assessment
$748,859 (2024)
Total Assessment
$1,069,798 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R70, Oakland |
| R70, Oakland |
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2 Building - 10 Apartment Property + Parking | 3851-3857 Clarke St
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