Six-Unit Multifamily Apartment
2529 27Th St Oakland, CA 94601
New
2529 27Th St, Oakland, CA, 94601
$1,100,000
For Sale
$1,100,000
Six 2BR/1BA units with individually metered gas and electric, plus a bonus flex room in Unit 3.
Property Size4,620 SF
Price / SF$238.10
Days on Market4
Property Features for 2529 27Th St
General Information
- Standard status
- Active
- Size
- 4,620 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing agency
KELLER WILLIAMS REALTY
(925) 934-2900
Listed by
JOEY WANG · License #01890931
Source
Corcoran
Added: Jul 18 Updated: Jul 21 at 6:35AM Checked: Jul 21 at 6:35AM
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 KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
2529 E 27th St is a six-unit multifamily property featuring six 2BR/1BA apartments. Unit 3 includes a bonus flex room, and the building is designed for individual utility metering with gas and electric individually metered for each unit. Additional income is supported by on-site storage.
The property includes twelve parking spaces and is located in East Oakland near Highland Hospital with access to the I-580/I-880 freeways. Current income is stated at $142,000, with rents reported as 29% below market under Oakland rent rules. The offering notes a value-add path tied to turnover and projected performance, including a stated goal of reaching a 10% cap at market.
The property includes twelve parking spaces and is located in East Oakland near Highland Hospital with access to the I-580/I-880 freeways. Current income is stated at $142,000, with rents reported as 29% below market under Oakland rent rules. The offering notes a value-add path tied to turnover and projected performance, including a stated goal of reaching a 10% cap at market.
Key Highlights
- Six 2BR/1BA units at 2529 E 27th St; Year built 1961
- Rents are 29% below market, creating potential upside on turnover
- Individually metered gas and electric for each unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.7k | $40.20 |
| − Vacancy | −$6.9k | −$1.49 |
| EGI | $178.9k | $38.71 |
| − OpEx | −$80.5k | −$17.42 |
| NOI | $98.4k | $21.29 |
4,620 SF · lease $40.20/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,369 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,821 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six 2BR/1BA units with individually metered gas and electric, plus a bonus flex room in Unit 3.
Where is this apartment building located?
The property is located at 2529 27Th St Oakland, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Six 2BR/1BA units at 2529 E 27th St; Year built 1961; Rents are 29% below market, creating potential upside on turnover; Individually metered gas and electric for each unit
