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    314 105Th Ave Oakland, CA 94603

    Sponsored
    For Sale
    $8,400,000

    49-Unit Apartment Complex, High Occupancy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 49-unit apartment complex in Oakland, CA, presents a compelling investment opportunity. Located at 314-324 105th Ave, Oakland, CA 94603, this well-maintained property boasts a strong annual income of $520,000 and a remarkable 98% occupancy rate, with a waiting list. The unit mix includes 21 one-bedroom, one-bathroom units (approximately 560 sq ft each) and 28 two-bedroom, two-bathroom units (approximately 799 sq ft each), catering to a diverse tenant base. This translates to a stable and lucrative income stream with significant potential for rental growth as leases renew. An attractive feature is the availability of an assumable loan of approximately $4,500,000 at a low interest rate, significantly reducing the upfront investment. Priced at $8,400,000, this property offers a chance to capitalize on the thriving Oakland rental market. The high occupancy rate and existing waiting list underscore the strong demand and inherent value of this investment. This is a prime opportunity for investors seeking a stable, high-yielding asset in a desirable location. The property's solid performance and potential for future appreciation make it an attractive addition to any portfolio. The existing tenant base and the potential for rental increases further enhance the investment's appeal.

    Property Features for 314 105Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    49

    HighLights

    • $8,400,000 asking price.
    • 49‑unit multifamily apartment building in Oakland, CA.
    • 21 one‑bedroom/one‑bath units (approx. 560 sq ft) and 28 two‑bedroom/two‑bath units (approx. 799 sq ft).
    • 98% occupancy rate with a waiting list.
    • Assumable loan of approximately $4,500,000 available.
    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
    -122.1817666
    Latitude
    37.726259

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    FAQs

    What type of property is this?
    Multifamily property - 49-Unit Apartment Complex, High Occupancy
    Where is this multifamily property located?
    The property is located at 314 105Th Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $8,400,000.
    What are key features of this property?
    This property features: $8,400,000 asking price.; 49-unit multifamily apartment building in Oakland, CA.; 21 one-bedroom/one-bath units (approx. 560 sq ft) and 28 two-bedroom/two-bath units (approx. 799 sq ft).
    Request Owner's contact information
    314 105Th Ave Oakland, CA 94603
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    Oakland, CA 94603
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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
    314 105Th Ave Oakland, CA 94603
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