Sausal St Oakland, CA 94602
Ten-unit apartment complex with strong income and rental upside.
Property size:
9,448 SFLot size:
0.35 AcresProperty Features for Sausal St
General Information
- Standard status
- Active
- Size
- 9,448 SF
- Lot size
- 0.35 Acres
Building Details
- Year built
- 1965
Source:
Corcoran
Listing Agent: David Howarth
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Oakland Hills Apartment Complex
This 10-unit apartment complex is located in the Oakland hills, adjacent to the Dimond district. It features a strong current income with potential for increased rental revenue. Constructed in 1965, the property consists of two 5-unit buildings, encompassing approximately 9,448 square feet of rental space on a combined lot size of 15,100 square feet. The unit mix includes nine 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Ten off-street parking spaces are available. The property has been extensively remodeled, featuring updated kitchens and bathrooms, new paint, double pane windows, hardwood floors, and custom lighting. A new roof is scheduled for installation in 2025. The property is easy to manage, with separate PGE metering for each unit, contributing to low annual operating expenses. The exterior and interior are in great condition, presenting a turn-key investment opportunity with no deferred maintenance. Currently, one unit is vacant, making it suitable for an owner-occupant or an investor seeking to lease at market rates. This property is located in a high-demand neighborhood and offers excellent long-term potential.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2202349
- Latitude
- 37.7986423
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FAQs
What type of property is this?
Apartment building - Ten-unit apartment complex with strong income and rental upside.
Where is this apartment building located?
The property is located at Sausal St Oakland, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: - Strong current income with a **7.08% cap rate and 9.41 GRM**, indicating immediate profitability.; - Extensively remodeled with **updated kitchens and bathrooms, new paint, double pane windows, hardwood floors, custom lighting, and a new roof (installed in 2025)**, ensuring low maintenance.; - Ideal unit mix of nine 2bd/1bth units and one 1bd/1bth unit, maximizing rental income potential.