Listed by Matthews
$665,000
515 E 11th Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,180
Units 5
Cap Rate 6.29%
NOI $41,456
Price per SqFt $209
Buildings 1
Stories 3
Investment Type Value Add
Value-Add 5-Unit Multifamily in Oakland Near Laney College – Priced to Sell
Marketing description
5-unit multifamily in Oakland, CA. ±3,180 SF, average unit 636 SF. Priced at $665,000 (5.29% cap rate, $209.12/SF). 1 vacant unit, below market rents, and RUBS expense reduction potential. Walk to Laney College (17,000 students).
Investment highlights
- Value-Add Upside: Upside with 1 vacant unit and below market rents.
- Expense Reduction Opportunity: Opportunity to decrease expenses through RUBS.
- Proximity to College: Located a short walk from Laney College which enrolls roughly 17,000 students.
- Low Entry Price: Low price point allowing a lower barrier of entry for first time owners.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,456.00
$3,454.67/mo
Valuation Metrics
0
DSCR
6.23%
Cap Rate
6.23%
ROI
Map
Zoning
HBX-2 MixedMixed UseHousing And Business Mix 2
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View all 96 uses
View all 96 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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