1504 13Th Ave Oakland, CA 94604
Property Features for 1504 13Th Ave
General Information
- Lot size
- 3.00 Acres
Source:
Nainorcal
Listing Agent: Robert Chappell
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Oakland Multifamily Investment Opportunity
Located in Oakland, California, the property at 1504 13th Avenue presents a multifamily investment opportunity. This 8-unit apartment property offers cash flow with upside potential. Currently operating at a 7.78% cap rate, the property includes two vacant units, offering the opportunity to capture market rents. The unit mix consists of six 2-bedroom units and two 3-bedroom units. Significant renovations were completed in the 1990s during a legal conversion of a commercial space to residential use. Situated in a well-established East Oakland neighborhood, the property benefits from strong rental demand and regional connectivity. Its location provides access to downtown Oakland, Jack London Square, and employment centers throughout the East Bay. Residents have access to public transportation, neighborhood retail, and cultural amenities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2459922
- Latitude
- 37.7904877
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 8-unit apartment property with strong cash flow and upside.
Where is this apartment building located?
The property is located at 1504 13Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: - Strong in-place cash flow at a **7.78% cap rate.**; - Two vacant units provide immediate opportunity to capture market rents.; - Located in a well-established East Oakland neighborhood with strong rental demand.
