Listed by Bos Group
$1,225,000
2415 San Pablo Avenue - $75k Price Improvement
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,638
Units 6
Cap Rate 7.31%
Pro-Forma Cap Rate 8.03%
Price per SqFt $196
Year Built 1910 (2007)
Parking Spaces 0 spaces
Multifamily | 6 Units | $216,667/unit
Marketing description
2415 San Pablo Ave Modern Mixed-use Investment | Not Subject to Oakland Rent Control Located directly next to 2401 San Pablo Ave and just minutes from 19th Street BART and Highway 980, 2415 San Pablo Ave is a modern mixed-use property offering a rare blend of high-quality residential units and a stable long-term commercial tenant. Originally built in 1910 and substantially renovated in 2007, the building is not subject to Oakland rent control, providing investors with significant operational flexibility and long-term income growth potential. The property consists of five residential units and one ground-floor commercial space, which has been occupied by a successful tattoo studio for over eight years, providing consistent and reliable income. The residential units include one one-bedroom and four two-bedroom apartments, each approximately 900 square feet. Units feature modern layouts with updated flooring, contemporary kitchens, and strong natural light. Residents also enjoy access to a large shared rooftop deck with panoramic views of Downtown Oakland and San Francisco, a highly desirable amenity in the neighborhood. The building benefits from modern construction and building systems, including fire sprinklers and extensive seismic upgrades, rarely found in comparable assets. Ownership has also continued to reinvest in the property through capital improvements, including exterior siding upgrades and full exterior painting completed in 2025, as well as various unit improvements over time. With its modern construction, rent-control exemption, stable commercial tenancy, and desirable location near major transit, 2415 San Pablo Ave represents a rare, low maintenance mixed-use investment designed for durable cash flow and long-term stability.
Investment highlights
- Recommended price $1.225m
- Number of units 6
- Price/unit $204k
- Square feet 6,638
- Cost/sq. foot $185
- CAP - Current 7.84%
- GRM- Current 9.0
- Year built 1910 (2007)
- Lot size 2,501
- Parking 0
Listing Contacts
Listed by Bos Group
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