Listed by Bos Group
$1,700,000
2401 San Pablo Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,780
Units 7
Cap Rate 7.10%
Pro-Forma Cap Rate 8.20%
Price per SqFt $294
Year Built 1912 (2001)
Parking Spaces 7 spaces
Parking Per SqFt 1.21
Multifamily | 7 Units | $242,857/unit
Marketing description
2401 San Pablo Ave Turn-key 7-unit Investment | Strong in-place Income | Extensively Improved Asset Ideally located near 19th Street BART and Highway 980, 2401 San Pablo Ave offers tenants exceptional transit access and close proximity to Downtown Oakland, Uptown, and Berkeley. This seven-unit apartment building represents a well-maintained, stabilized investment opportunity with strong in-place income and minimal ownership responsibilities. The property features a diverse unit mix including two large one-bedroom units, two large two-bedroom units, two oversized studios, and one mid-size studio. Several units feature two-level townhouse-style layouts with ceilings exceeding 12 feet, creating bright and spacious interiors that stand out in the local rental market. Most units have undergone extensive interior renovations over the past decade extensive interior renovations over the past decade, including updated kitchens, bathrooms, flooring, lighting, and appliances, helping maintain consistent tenant demand. Ownership has made significant capital investments into the property over time. Major system upgrades include a new commercial roof installed in 2024 and full exterior painting completed in 2025. painting completed in 2025. Interior improvements have also included multiple unit remodels, upgraded common areas, and hallway improvements, reflecting ongoing reinvestment into the property. Every residence is individually metered for gas, electric, and water, helping keep operating costs efficient. The building also offers secured one-to-one parking for all seven units, a highly valuable amenity in this location. Additional property upgrades include improvements to building access, storage lockers, and common areas. With strong tenant demand, extensive renovations, and major recent capital improvements, 2401 San Pablo Ave represents a stable, low-maintenance multifamily investment investment in one of Oakland’s most transit-connected neighborhoods.
Investment highlights
- Recommended price $1,700,000
- Down payment (35%) $595,000
- Number of units 7
- Price/unit $242,857
- Square feet 5,780
- Cost/sq. foot $294
- CAP - Current 7.10%
- CAP Rate - Pro Forma 8.20%
- GRM- Current 9.8
- GRM - Pro Forma 8.8
- Year built 1912 (2001)
- Lot size 4,800
- Parking 7
Listing Contacts
Listed by Bos Group
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