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    603 22Nd St Oakland, CA 94612

    For Sale
    $2,950,000

    Turn-key, new construction 9-unit multifamily property in Oakland.

    Property size:
    6,150 SF

    Property Features for 603 22Nd St

    General Information

    Size
    6,150 SF

    Building Details

    Year built
    2021

    Source: Grant Chappell Agent Grant Chappell

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

    Overview

    New Multifamily Asset in Oakland

    This is a new construction, 9-unit multifamily property completed in early 2021. The property has been meticulously maintained and fully rented since its completion. Constructed with quality, this property offers the benefits of institutional-grade new construction. The building features a 40-year shingle roof, fire sprinklers, and high-grade finishes, including in-unit laundry. Each unit is separately metered for electric and gas, and sub-metered for water. The property has maintained 100% occupancy since lease up. Located in Oakland's uptown neighborhood, the property is near downtown and Jack London Square. The location provides access to BART, AC Transit, and major thoroughfares connecting to Berkeley and San Francisco. The surrounding area includes cafes, markets, and neighborhood amenities. The property is suitable for buyers seeking stability and growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -122.2717017
    Latitude
    37.8111355

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    FAQs

    What type of property is this?
    Apartment building - Turn-key, new construction 9-unit multifamily property in Oakland.
    Where is this apartment building located?
    The property is located at 603 22Nd St Oakland, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Brand-new (2021) construction 9-unit multifamily property offering turn-key operation.; - Located in Oakland's desirable uptown neighborhood, near downtown and Jack London Square, with high walkability and transit access.; - 100% occupancy since completion, demonstrating strong rental demand.
    (415) 246-4314
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    603 22Nd 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
    603 22Nd St Oakland, CA 94612
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