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Oakland Multifamily Investment Opportunity
For Sale
$995,000
Pending

2883 Brookdale Ave, Oakland, CA 94602

Eight-unit property with value-add potential in a desirable Oakland neighborhood.

Property SizeContact for details
Lot Size0.19 Acres
Days on Market325

Property Features for 2883 Brookdale Ave

General Information

Standard status Pending
Lot size 0.19 Acres
Property subtype Investment

Building Details

Year Built 1915
Units 8
Listing Agency: KELLER WILLIAMS TRI VALLEY REALTY
Listed By: Nolan Jones · License #01509417
Source: Elliman
Added: Nov 27, 2025 Changed: Oct 16 Last Checked: Oct 16 at 9:29AM

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 TRI VALLEY REALTY

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Investment Insights

Based on property information with market context.

Located at 2883 Brookdale Avenue in Oakland, this eight-unit property presents a value-add opportunity for investors. The unit mix includes one two-bedroom, two-bathroom unit; four two-bedroom, one-bathroom units; one one-bedroom unit; and three studio units. Four of the units are non-conforming, offering flexibility for potential reconfiguration or legalization. The property benefits from its location in a desirable Oakland neighborhood, with strong rental demand and proximity to major amenities and transportation. Ample off-street parking enhances tenant convenience. Strategic renovations and adjustments could potentially command higher rents and increase overall returns. This property offers both immediate cash flow and long-term growth potential in a thriving market.

Key Highlights

  • Value‑add opportunity with potential for increased rents and returns through strategic renovations.
  • Desirable Oakland location with strong rental demand and proximity to amenities and transportation.
  • Unique unit mix (1 x 2 bed/2 bath, 4 x 2 bed/1 bath, 1 x 1 bed, 3 x studio) offering flexibility.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Parking Lot & Garage Big Box & Wholesale Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,100
Businesses Nearby

Demographics for 94602, CA

29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Eight-unit property with value-add potential in a desirable Oakland neighborhood.
Where is this apartment building located?
The property is located at 2883 Brookdale Ave 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: Value‑add opportunity with potential for increased rents and returns through strategic renovations.; Desirable Oakland location with strong rental demand and proximity to amenities and transportation.; Unique unit mix (1 x 2 bed/2 bath, 4 x 2 bed/1 bath, 1 x 1 bed, 3 x studio) offering flexibility.
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