2004 27th Ave, Oakland, CA 94601

Situated on a prominent corner lot at 2004 27th Avenue in Oakland’s 94601 zip code, this well-maintained 7-unit apartment property presents an attractive investment opportunity with strong in-place income and significant growth potential. Priced at just $142,000 per unit, the offering delivers a compelling 6.08% cap rate and 9.32 GRM, making it one of the most competitively priced multifamily assets in the East Oakland submarket. The property is comprised of two separate buildings—a five-unit structure and a duplex—enclosed by a perimeter fence, providing both privacy and security for residents. Recent capital improvements include upgraded electrical subpanels throughout, ensuring modern infrastructure and reduced future maintenance costs.

Interior upgrades further enhance the property’s desirability, with five of the seven units featuring updated kitchens and bathrooms that appeal to today’s renter preferences. Beyond current performance, the property offers investors over 30% in rental upside, creating an opportunity to drive NOI and substantially increase value over time. The mix of renovated units, proven rental demand in the surrounding neighborhood, and the corner-lot configuration give investors both stable cash flow today and strong appreciation potential tomorrow—making 2004 27th Avenue an ideal addition to any Oakland multifamily portfolio.