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    3114 Ashbrook Ct Oakland, CA 94601

    Sponsored
    For Sale
    $1,400,000

    Value-add multifamily investment opportunity.

    Property size:
    4,222 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This 8-unit apartment building, located at 3114 Ashbrook Ct. in Oakland, CA 94601, presents a compelling value-add investment opportunity. The property boasts 4,222 square feet across two stories, with an asking price of $1,400,000 ($175,000 per unit and $331.60 per square foot). Currently, the building has 75% occupancy, generating a Net Operating Income (NOI) of $48,411 and a cap rate of 3.46%. However, a pro-forma analysis projects a significantly improved NOI of $93,981 and a cap rate of 6.71%, indicating substantial upside potential. The property features recently remodeled interiors and includes five garages, a significant amenity for residents. The building's location on a quiet court adds to its appeal. This multifamily investment offers a chance to increase profitability through improved occupancy and potentially further value-add renovations. The property's strong fundamentals, combined with its location in Oakland, California, make it an attractive prospect for investors seeking to capitalize on the growing rental market. The Alameda County location provides access to various amenities and transportation options. This is a rare opportunity to acquire a well-situated multifamily property with clear potential for significant return on investment.

    Property Features for 3114 Ashbrook Ct

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,222 SF

    Building Details

    Stories
    2
    Units
    8

    HighLights

    • 8‑unit apartment building in Oakland, CA, offering a value‑add investment opportunity.
    • 4,222 square feet on two stories, listed at $1,400,000 ($331.60/SF, $175,000/unit).
    • Currently 75% occupied, generating a $48,411 NOI and 3.46% cap rate; pro forma projections show $93,981 NOI and 6.71% cap rate.
    • Features recently remodeled interiors and five garages.
    • Located on a quiet court in Alameda County, offering convenient access to amenities and transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -122.2219035
    Latitude
    37.786492

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    FAQs

    What type of property is this?
    Multifamily property - Value-add multifamily investment opportunity.
    Where is this multifamily property located?
    The property is located at 3114 Ashbrook Ct Oakland, CA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 8-unit apartment building in Oakland, CA, offering a value-add investment opportunity.; 4,222 square feet on two stories, listed at $1,400,000 ($331.60/SF, $175,000/unit).; Currently 75% occupied, generating a $48,411 NOI and 3.46% cap rate; pro forma projections show $93,981 NOI and 6.71% cap rate.
    Request Owner's contact information
    3114 Ashbrook Ct 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
    3114 Ashbrook Ct Oakland, CA 94601
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