Listed by MKD Group
$640,000
1927 82nd Avenue
Details
APN 40-3367-10
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,384
Units 3
Cap Rate 7.58%
NOI $52,684
Occupancy 100%
Tenancy Multi
Price per SqFt $189
Class B
Year Built 1961
Buildings 1
Stories 2
Lot Size (SqFt) 5,000
Zoning Residential Multi-Family
Investment Type Stabilized
Well-maintained triplex in East Oakland's Arroyo Viejo neighborhood
Marketing description
MKD Group Realty is pleased to exclusively offer 1927 82nd Avenue, a three-unit residential income property located in the Eastmont neighborhood of East Oakland. The property is being offered at $695,000, representing a 7.58% capitalization rate on net operating income of $52,684 and a gross rent multiplier of 9.13x. All three units are currently leased, with in-place rents totaling $6,342.51 per month. The owner pays water, sewer, and garbage; tenants are billed individually for gas and electric. The unit mix consists of one three-bedroom owner-style unit and two two-bedroom flats, offering a stable income profile with built-in CPI rent growth and below-market upside on long-tenured units.
Investment highlights
- Stabilized In-Place Cash Flow. 100% occupied with $76,110 annual gross income and $52,684 in NOI on a clean trailing-six-month operating history.
- Attractive Yield. 7.58% cap rate at the asking price -- well above prevailing East Bay multifamily yields for stabilized small-cap product.
- Built-in CPI Rent Growth. All three units are subject to annual CPI increases under Oakland's Just Cause Ordinance, with the next adjustment scheduled for April 2026.
- Right-Sized Unit Mix. One 3BR/2BA and two 2BR/1BA units offer a defensive tenant profile attractive to working families.
- Owner-Friendly Expense Structure. Tenants pay their own gas and electric; landlord pays only water, sewer, and garbage. Operating expenses run a tight 30.8% of gross.
- 1031 Exchange Candidate. Sub-$700K basis and existing financing make this property an ideal up-leg target for sellers exiting a single-family rental or smaller duplex.
Listing Contacts
Listed by MKD Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,684.00
$4,390.33/mo
Valuation Metrics
0
DSCR
8.23%
Cap Rate
8.23%
ROI
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