Showings: 12/5 (12-1 PM) & 12/7 (12-1 PM) | 5470 Camden St
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Showings: 12/5 (12-1 PM) & 12/7 (12-1 PM) 5470 Camden St
15 Unit Apartment Building $3,375,000 ($225,000/Unit) 6% Cap Rate Oakland, CA 94619
Investment Highlights
- The property offers an attractive combination of 10 1-bedroom, 1-bathroom units, 3 studio apartments, and 2 2- bedroom, 1-bathroom units.
- Each unit is separately metered for PG&E utilities, offering ease of management & the property has undergone a complete retrofit
- Conveniently located near Highway 580 and 880 and the Oakland International Airport is just a 10 minute drive appealing to professionals and travelers
- Located less than a 5-minute drive to both Northeastern University and Mills College, ideal for students and faculty.
- The property has been freshly painted and updated with double-pane windows
- Ample parking available, enhancing tenant convenience in a city with limited parking options.
Executive Summary
***Showings: Thursday 12/5 (12 - 1 PM) & Saturday 12/7 (12 - 1 PM)***
This 10,150 SF multifamily property, built in 1957, presents a lucrative opportunity for investors seeking solid returns. Featuring 15 units—10 1-bedroom, 1-bathroom units, 3 studios, and 2 2-bedroom, 1-bathroom units—the property provides a well balanced unit mix that appeals to a broad tenant base. Zoned R50 also offers flexibility for future development or expansion, enhancing its long-term value. Located in a highly desirable Oakland area, this asset is strategically positioned less than 5 minutes from Northeastern University and Mills College, with easy access to Highways 580 and 880. Its close proximity to Oakland International Airport and other key amenities further increases tenant demand, making it a strong rental market performer.
The property is separately metered for PG&E utilities, features on-site parking, and has undergone a full seismic retrofit, ensuring modern infrastructure and reduced future capital expenditures. With potential for rent growth through tenant turnover, the property offers significant upside for value-add investors. This multifamily property combines immediate cash flow potential with strong prospects for future appreciation, making it a prime investment in Oakland's growing real estate market.
This 10,150 SF multifamily property, built in 1957, presents a lucrative opportunity for investors seeking solid returns. Featuring 15 units—10 1-bedroom, 1-bathroom units, 3 studios, and 2 2-bedroom, 1-bathroom units—the property provides a well balanced unit mix that appeals to a broad tenant base. Zoned R50 also offers flexibility for future development or expansion, enhancing its long-term value. Located in a highly desirable Oakland area, this asset is strategically positioned less than 5 minutes from Northeastern University and Mills College, with easy access to Highways 580 and 880. Its close proximity to Oakland International Airport and other key amenities further increases tenant demand, making it a strong rental market performer.
The property is separately metered for PG&E utilities, features on-site parking, and has undergone a full seismic retrofit, ensuring modern infrastructure and reduced future capital expenditures. With potential for rent growth through tenant turnover, the property offers significant upside for value-add investors. This multifamily property combines immediate cash flow potential with strong prospects for future appreciation, making it a prime investment in Oakland's growing real estate market.
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
| Price | $3,375,000 | Property Subtype | Apartment |
| Price Per Unit | $225,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6% | Lot Size | 0.23 AC |
| Sale Conditions | 1031 Exchange | Building Size | 7,450 SF |
| Gross Rent Multiplier | 10.82 | No. Stories | 2 |
| No. Units | 15 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 1.48/1,000 SF |
| Price | $3,375,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 10.82 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,450 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.48/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 450 |
| 1+1 | 10 | - | 700 |
| 2+1 | 2 | - | 900 |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 036-2503-137-00 | Total Assessment | $720,070 (2024) |
| Land Assessment | $216,021 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $504,049 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
036-2503-137-00
Land Assessment
$216,021 (2024)
Improvements Assessment
$504,049 (2024)
Total Assessment
$720,070 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R50, Oakland |
| R50, Oakland |
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Matthew Rulloda -
Monjid Aldiyyat -
Berkshire Hathaway|Drysdale Properties Home Svc
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Showings: 12/5 (12-1 PM) & 12/7 (12-1 PM) | 5470 Camden St
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