5412 Claremont Ave, Oakland, CA 94618

DESPERATE / MUST SELL!!! MOTIVATED SELLER!!!

www.hotdealsoakland.com

COOPERATING WITH ALL BROKERS!

Building Description: We are pleased to present 5412 Claremont Avenue, an exceptional 33-unit pride of ownership multifamily investment opportunity located in Oakland’s premier Rockridge neighborhood on the edge of Berkeley. This trophy asset offers investors a rare combination of stable residential income. The property’s strategic positioning directly across from the Rockridge BART station provides unmatched connectivity to major employment centers, with 22-minute access to San Francisco’s Financial District and seamless highway connectivity via Route 24.

This very nostalgic 3 story property is located at 5412 Claremont Ave in Oakland California. It has 16,830 rentable square feet, with 33 large and spacious one-bedroom/one-bathroom units, all with private baths and kitchens and some have balconies. The property was built in 1963, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. 80% of the units have been renovated. All units have separate gas + electric meters. There is 30% upside in the current rents. With 30% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market.

5412 Claremont is conveniently located in the highly desirable Rockridge neighborhood bordering Berkeley. The property make-up is 33 one-bedroom units that all face the east for the western sunset. Efficient and well-designed one-bedroom units that are walking distance to Rockridge BART, Temescal Whole Foods and Collage Avenue shopping and dining. The property backs up to Frog Park and the Rockridge Temescal Greenbelt. Tenants have immediate freeway access if traveling by car and just a few minutes’ walk from all amenities. The units are separately metered for gas, electricity and hot water. The apartments command strong rents in a neighborhood characterized by affluent demographics, including a median household income of $212,638 and exceptional walkability (Walk Score 97/100). 5412 Claremont Ave blends historic charm with urban realities, offering affordable living with great potential and a strong sense of community, particularly appealing to those seeking proximity to medical facilities and a diverse, established neighborhood.