Eight-Unit Apartment
For Sale
$1,800,000
2300 Fruitvale Ave, Oakland, CA 94601
Two buildings occupy a secured corner parcel with enclosed parking and upgraded interiors in select residences.
Property Size5,200 SF
Lot Size0.16 Acres
Days on Market48
Property Features for 2300 Fruitvale Ave
General Information
Standard status
Active
Size
5,200 SF
Lot size
0.16 Acres
Property subtype
5 or More Units
Additional Details
Asking Price
$1,800,000
Multifamily Units
8
Amenities
keyfob-secured gates
enclosed parking
built-in package drop
Building Details
Building Size
5,200 SF
Year Built
1928
Buildings
2
Listing Agency:
EXP Realty of California, Inc
Listed By:
Scott Piper
(925) 989-1300
Source:
Coastandcore
Added: Aug 31
Changed: Oct 13
Last Checked: Oct 16 at 4:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty of California, Inc
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Investment Insights
Based on property information with market context.
This eight-unit apartment property comprises two buildings on a 6,800-square-foot corner lot at 2300 Fruitvale Ave in Oakland. Constructed in 1928, the asset includes enclosed parking, front and rear keyfob-controlled gates, custom iron fencing, mature Italian cypress, and a built-in package drop.
Two residences feature extensive interior upgrades, including slate tile, ductless mini-split climate control, in-unit LG washer and dryer sets, quartz and marble kitchens with Samsung appliances and wine refrigerators, and renovated bathrooms with frameless glass showers and floating vanities. The other six units have a documented refurbishment plan. The property carries a 9.2% pro forma cap rate at full stabilization.
Two residences feature extensive interior upgrades, including slate tile, ductless mini-split climate control, in-unit LG washer and dryer sets, quartz and marble kitchens with Samsung appliances and wine refrigerators, and renovated bathrooms with frameless glass showers and floating vanities. The other six units have a documented refurbishment plan. The property carries a 9.2% pro forma cap rate at full stabilization.
Key Highlights
- Eight units across two apartment buildings
- 6,800 SF corner lot at 2300 Fruitvale Ave, Oakland, CA 94601
- Two residences feature slate tile, ductless mini‑splits, LG washer/dryer sets, and upgraded kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,718
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,214,360
$2.2M
Cap Rate 7%
$1,581,686
$1.6M
Cap Rate 9%
$1,230,200
$1.2M
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$209.0K $40.20/SF
− Vacancy
−$7.7K −$1.49/SF
EGI
$201.3K $38.71/SF
− OpEx
−$90.6K −$17.42/SF
NOI
$110.7K $21.29/SF
Area
ZIP 94601
Vacancy
3.70%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,214,360
Cap Rate 7%
$1,581,686
Cap Rate 9%
$1,230,200
Alternative Uses
Best Use
Apartment 5plus
$1.58M
$1.38M – $1.85M
NOI $110,718 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,370 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings occupy a secured corner parcel with enclosed parking and upgraded interiors in select residences.
Where is this apartment building located?
The property is located at 2300 Fruitvale Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Eight units across two apartment buildings; 6,800 SF corner lot at 2300 Fruitvale Ave, Oakland, CA 94601; Two residences feature slate tile, ductless mini‑splits, LG washer/dryer sets, and upgraded kitchens
