3114 Ashbrook CtOakland, CA 94601

Property Details for 3114 Ashbrook Ct

Year built

1952

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

4,178 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

26-766-5-1

APU

2676651

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,392,778

  6.5%

  $2,208,718

  7%

  $2,050,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,138,947

  Geo Method

  $1,806,193

• Alternative Use

  Use

  Valuation

  Residential

  $2,208,718

  Hospitality

  $2,023,174

  Educational

  $1,683,257

  Medical

  $1,741,146

  Retail

  $2,618,400

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.7866

Longitude

-122.222

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.