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22802833
22802832

1000 E 33rd St, Oakland, CA 94610

Baniqued Commercial Real Estate
Listed by Baniqued Commercial Real Estate
$2,000,000
422 days on market
Updated 12 days ago

1000 E 33rd St

Details
APN 23-394-1
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 5,813
Units 6
Cap Rate 1.95%
NOI $38,976
Pro-Forma Cap Rate 3.13%
Pro-Forma NOI $62,670
Price per SqFt $344
Class C
Year Built 1927
Lot Size (SqFt) 2,800

Oakland 6-Unit Investment: Remodeled 2 Bed/1 Bath Apartments. Laundry, Garages.

Marketing description

Baniqued Commercial Real Estate (BCRE), as the exclusive listing broker, is pleased to present the opportunity to acquire 1000 East 33rd Street, a well-maintained 6-unit apartment building in the desirable Lynn neighborhood of Oakland, California. This property offers investors a stable income-producing asset in a highly accessible and amenity-rich location.

Located at 1000 East 33rd Street in Oakland, California, this property boasts a walkable location with a Walk Score of 78, offering easy access to Interstate 580 and public transportation, including the nearby Lake Merritt Station. Residents benefit from proximity to shopping centers like Merritt Shopping Center and Dimond Retail Center, recreational areas such as Lakeside Park and Morcom Rose Garden, and essential services including Highland Hospital and schools within the Oakland Unified School District.

Investment highlights

  • Six Spacious 2bd/1bth Units Each w/ a Front & Back Entrance in Oakland's Ivy Hill Neighborhood.
  • On Site Coin Operated & Landlord Owned Laundry, Private Security Gate, & Four Private Automatic Garages.
  • Well-Located Walking Distance to Trader Joe's, Starbucks, Eateries, Parks and More! Just Over a Mile From Highly Sought After Lake Merritt Attractions.
  • Upgrades Include All New Electrical, Full Seismic Retrofit, Exterior Paint, Roof, Updated Kitchens and Bathrooms, and More.
  • Lake Merritt Station is located 2.1 miles away, a 5-minute drive.
  • 12th St Oakland City Center Station: 5 min drive, 2.3 mi
  • 19th St Oakland Station: 5 min drive, 2.6 mi
  • Fruitvale Station: 6 min drive, 2.9 mi
  • Macarthur Station: 7 min drive, 4.2 mi
  • Metro Oakland International: 15 min drive, 9.4 mi
  • San Francisco International: 36 min drive, 24.3 mi

Listing Contacts

Baniqued Commercial Real Estate
Listed by Baniqued Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$38,976.48
$3,248.04/mo

Valuation Metrics

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DSCR
1.95%
Cap Rate
1.95%
ROI

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