Listed by Colliers - Oakland, California, Colliers - San Francisco, California
$12,100,000
Ford Street Lofts
Details
APN 25-672-4-4
Property Type Multifamily
Sub Type Apartment Building
Square Footage 78,610
Units 50
Cap Rate 8.00%
Price per SqFt $154
Year Built 1946
Buildings 3
Acreage 1.610
Zoning D-CE-3, S-19
Multifamily | 50 Units | $242,000/unit
Marketing description
2934 Ford Street, a rare 50-unit live/work loft-style community in Oakland, CA. The property’s open floor plans, high ceilings, and industrial character all reflect the authentic loft aesthetic of the surrounding neighborhood. Residents of the Ford Street Lofts benefit from a 12-minute walk to the Fruitvale BART Station, providing seamless connectivity throughout the Bay Area, as well as ease of access to Alameda’s Park Street retail and dining corridor via the Park Street Bridge. Direct freeway access to I-880 and I-80 places Downtown Oakland, San Francisco, and Oakland International Airport within minutes.
Investment highlights
- $154 Per SF
- 8.00% In Place Cap Rate
- Rare Loft Product Type
- Average Unit Size of ±1,572 SqFt
- Over 25% in Potential Rental Upside
- 12-Minute Walk to the Fruitvale BART Station
- Laundry Facility On-Site
- Gated Parking with Controlled Access
Listing Contacts
Listed by Colliers - Oakland, California, Colliers - San Francisco, California
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