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    2306 Waverly St Oakland, CA 94612

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    For Sale
    $1,825,000

    Well-maintained 12-unit apartment building in Downtown Oakland.

    Property size:
    10,440 SF

    Property Features for 2306 Waverly St

    General Information

    Size
    10,440 SF

    Source: Tim Warren Agent Tim Warren

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oakland Multifamily Near Lake Merritt

    Located in Downtown Oakland, steps from Lake Merritt, this well-maintained apartment building contains 12 units. The property features two 2-bedroom, 1-bathroom units and ten 1-bedroom, 1-bathroom units, along with 16 off-street parking spots. The building showcases early 1900s architecture, hardwood floors, and period-appropriate details. The property offers annual rental upside. Situated less than a mile from the 19th Street BART station, the location provides access to interstates 580 and 880, facilitating connections throughout the San Francisco Bay Area. Residents can access amenities in Uptown, Downtown, and Lake Merritt, including a Whole Foods Market a short walk away. The property is within walking distance of Kaiser Permanente and Sutter Health Alta Bates Medical Center. The property has a size of 10440 square feet. Two units will be delivered vacant upon close of escrow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2627795
    Latitude
    37.811771

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 12-unit apartment building in Downtown Oakland.
    Where is this apartment building located?
    The property is located at 2306 Waverly St Oakland, CA.
    What is the asking price?
    The asking price for this property is $1,825,000.
    What are key features of this property?
    This property features: - Prime Downtown Oakland location steps from Lake Merritt.; - Significant annual rental upside (over $100,000) to maximize return.; - Two units delivered vacant at close of escrow.
    (707) 363-2463
    Request Owner's contact information
    2306 Waverly St Oakland, CA 94612
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    Oakland, CA 94612
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2306 Waverly St Oakland, CA 94612
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