425 18Th StOakland, CA 94606

This exceptional investment opportunity presents a portfolio of five mixed-use properties totaling 175 units in Oakland, California. Strategically located near dining, shopping, and entertainment, these properties boast convenient access to major Bay Area employers via I-880 and I-580. The portfolio comprises five distinct buildings situated in concentrated areas of Oakland, with addresses including 425 E 18th St (81 units + 2 commercial), 553 Sycamore St/542 25th St (38 units), 1428 Jackson St (24 units), 1146 McKinley Ave (18 units), and 414 E 15th St (12 units). Built between 1918 and 1972, these properties have undergone significant improvements, including stainless steel appliances, upgraded countertops, dishwashers, and refinished hardwood floors, along with common area enhancements. A substantial portion (over 60%) of the units have been renovated. The portfolio offers a compelling value-add opportunity, with a desirable unit mix of studios, one-bedroom, and two-bedroom apartments. The properties benefit from a high walk score (92.8%) and bike score (87.6%), contributing to low turnover and high market rents. The portfolio is priced at $155,000 per unit and can be purchased individually or as a complete package, providing immediate scalability in a premier Oakland multifamily submarket. Since the COVID-19 pandemic, 66% of residential leases are either signed or available for rent. This presents a significant discount to replacement cost and a chance to acquire and manage five centrally located assets in a thriving market.