Eight-Unit Apartment
For Sale
$1,800,000
2300 Fruitvale Ave, Oakland, CA 94601
Commercial Sale, Oakland, CA
Property Size5,200 SF
Lot Size0.16 Acres
Price / SF$346.15
Days on Market48
Property Features for 2300 Fruitvale Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 6, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Assigned, Parking Lot
Window features
Double Pane Windows, Window Coverings
Appliances
Dishwasher, Disposal, Free-Standing Range, Microwave, Refrigerator, Dryer, Washer
Subdivision
Fruitvale
Lot features
Corner Lot, Level
Directions
Fruitvale and E 23rd St
Standard status
Active
APN
2783945
Size
5,200 SF
Lot size
0.16 Acres
Utilities
Cooling system
Multi Units
Water source
Public
Amenities
keyfob-secured gates
enclosed parking
built-in package drop
mature Italian cypress
custom iron fencing
Building Details
Year built
1928
Number of units
8
Flooring type
Tile
Building materials
Stucco
Listing Agency:
EXP Realty of California, Inc
(888) 584-9427
Listed By:
Scott Piper
(925) 989-1300
Added: Aug 31
Changed: Sep 14
Last Checked: Oct 17 at 6:06PM
MLS# 41146742
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 2300 Fruitvale Ave, this multifamily property comprises eight units across two buildings on a 6,800-square-foot corner lot. The 5,200-square-foot asset was built in 1928 and includes assigned parking, a parking lot, enclosed parking, keyfob-controlled front and rear gates, and a built-in package drop. Public water serves the property.
Two units feature slate tile, ductless mini-split cooling, in-unit LG washers and dryers, quartz and marble kitchens with Samsung appliances and wine refrigerators, and upgraded bathrooms with frameless glass showers and floating vanities. The remaining six units have a documented refurbishment program based on completed upgrades at the property. Building finishes include stucco exteriors and tile flooring. The property also carries a documented pro forma cap rate of 9.2% at full stabilization.
Two units feature slate tile, ductless mini-split cooling, in-unit LG washers and dryers, quartz and marble kitchens with Samsung appliances and wine refrigerators, and upgraded bathrooms with frameless glass showers and floating vanities. The remaining six units have a documented refurbishment program based on completed upgrades at the property. Building finishes include stucco exteriors and tile flooring. The property also carries a documented pro forma cap rate of 9.2% at full stabilization.
Key Highlights
- Eight units across two buildings on a 6,800 SF corner lot
- 5,200‑square‑foot multifamily property built in 1928
- Two upgraded units with slate tile, mini‑split cooling, LG washer/dryer, and premium kitchen finishes
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building multifamily property with enclosed parking, secured access, and a mix of standard and extensively upgraded units.
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 buildings on a 6,800 SF corner lot; 5,200‑square‑foot multifamily property built in 1928; Two upgraded units with slate tile, mini‑split cooling, LG washer/dryer, and premium kitchen finishes
