Listed by Walker & Dunlop
$3,250,000
1523-1537 8th Ave
Details
APN 020-0175-007-00, 020-0175-006-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,046
Net Rentable (SqFt) 13,046
Units 20
Cap Rate 7.62%
NOI $247,583
Occupancy 85%
Pro-Forma Cap Rate 7.96%
Pro-Forma NOI $258,678
Price per SqFt $249
Broker Co-Op Yes
Class C
Year Built 1961
Buildings 2
Stories 2
Acreage 0.344
Investment Type Value Add
Occupancy Date 11/18/2025
Ownership Fee simple
Multifamily | 20 Units | $162,500/unit
Marketing description
Located in the heart of Oakland, 1523–1537 8th Avenue is a 20-unit multifamily property built in 1961, featuring a mix of one- and two-bedroom units. This lender-owned REO asset is situated in an amenity-rich neighborhood characterized by strong rental demand and long-term growth potential.
Investment highlights
REO OPPORTUNITY; LENDER OWNED
ATTRACTIVE UNIT MIX; EIGHTEEN 2X1 & TWO 1X1
TRANSIT-ORIENTED LOCATION; CLOSE PROXIMITY TO LAKE MERRITT BART & I-880
OAKLAND BOUNCE BACK 8.8% EFFECTIVE RENT GROWTH SINCE Q3 2024
AMENITY RICH NEIGHBORHOOD
Listing Contacts
Listed by Walker & Dunlop
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$247,583.00
$20,631.92/mo
Valuation Metrics
0
DSCR
7.62%
Cap Rate
7.62%
ROI
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