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    2004 27Th Ave, Unit OAKLAND Oakland, CA 94601

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    For Sale
    $995,000

    Seven-unit multifamily property with significant rental upside potential.

    Property size:
    3,688 SF

    Property Features for 2004 27Th Ave

    General Information

    Standard status
    Active
    Size
    3,688 SF

    Building Details

    Year built
    1920

    Source: COMPASS Agent KEN WU

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

    Overview

    Oakland Multifamily Investment Opportunity

    This multifamily property, priced at $142,000 per unit, features a 6.08% cap rate and a 9.32 GRM. It consists of two buildings: a five-unit structure and a duplex, both enclosed by a perimeter fence. Recent capital improvements include upgraded electrical subpanels. Five of the seven units have updated kitchens and bathrooms. The property offers over 30% in rental upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2271708
    Latitude
    37.7849247

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit multifamily property with significant rental upside potential.
    Where is this apartment building located?
    The property is located at 2004 27Th Ave, Unit OAKLAND Oakland, CA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Compelling 6.08% cap rate and 9.32 GRM at $142,000 per unit.; - Significant rental upside of over 30% to increase NOI and property value.; - Five of seven units feature updated kitchens and bathrooms.
    (415) 929-7100
    Request Owner's contact information
    2004 27Th Ave, Unit OAKLAND Oakland, CA 94601
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    Oakland, CA 94601
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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
    2004 27Th Ave, Unit OAKLAND Oakland, CA 94601
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