421 Staten Ave
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421 Staten Ave
16 Unit Apartment Building $3,388,000 ($211,750/Unit) Oakland, CA 94610
INVESTMENT HIGHLIGHTS
- Exceptional Adam's Point Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset.
- Convenient Tenant Amenities - Tenants enjoy convenient community amenities such as on-site laundry, private balconies, and private gated parking.
- Desirable Unit Mix - 421 Staten Ave offers tenants spacious two-bedroom and one-bedroom floor plans.
- Nearby Local Attractions - 421 Staten Ave boasts proximity to some of the area's most popular attractions such as Lake Merritt and Lakeside Park.
EXECUTIVE SUMMARY
421 Staten Ave is a stunning 16-unit apartment complex located in the thriving city of Oakland, CA.
Situated on a 7,000 square foot parcel of land, the subject property was originally constructed in 1967 and has a gross building area of approximately 15,359 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants enjoy convenient amenities such as on-site laundry, private balconies, and private gated below-grade parking.
Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others.
In addition, Oakland also serves as the trade center for the entire Bay Area due to the Port of Oakland being the busiest port in all of Northern California. Tenants at 421 Staten Ave are also offered convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area and surrounding areas.
The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 421 Staten Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Situated on a 7,000 square foot parcel of land, the subject property was originally constructed in 1967 and has a gross building area of approximately 15,359 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants enjoy convenient amenities such as on-site laundry, private balconies, and private gated below-grade parking.
Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others.
In addition, Oakland also serves as the trade center for the entire Bay Area due to the Port of Oakland being the busiest port in all of Northern California. Tenants at 421 Staten Ave are also offered convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area and surrounding areas.
The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 421 Staten Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 | $3,388,000 | Building Class | C |
| Price Per Unit | $211,750 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 15,359 SF |
| No. Units | 16 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1967 |
| Apartment Style | Low-Rise | Parking Ratio | 1/1,000 SF |
| Price | $3,388,000 |
| Price Per Unit | $211,750 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 15,359 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 1/1,000 SF |
UNIT AMENITIES
- Balcony
- Dishwasher
- Storage Space
- Kitchen
- Carpet
- Deck
- Patio
SITE AMENITIES
- Laundry Facilities
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 010-0777-005-00 | Total Assessment | $2,929,142 |
| Land Assessment | $655,900 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,273,242 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
010-0777-005-00
Land Assessment
$655,900
Improvements Assessment
$2,273,242
Total Assessment
$2,929,142
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
ZONING
| Zoning Code | R-80/S-2,Oakland (Residential) |
| R-80/S-2,Oakland (Residential) |
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