Listed by Walker & Dunlop
$2,350,000
5428 Claremont Ave
Details
APN 014 -1256-005-04
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,002
Units 8
Cap Rate 5.26%
Occupancy 100%
Tenancy Multi
Price per SqFt $290
Year Built 1922
Buildings 5
Acreage 0.378
Zoning Unknown
Parking Spaces 9 spaces
Parking Per SqFt 1.12
Investment Type Value Add
Multifamily | 5.26% CAP | 8 Units
Marketing description
Walker & Dunlop, as the exclusive advisor, is pleased to present the opportunity to acquire 5428 Claremont Ave, 6 (1x1), 1 (2x1), and 1 (3x1) units in the Claremont neighborhood of Oakland, CA.
Originally built as a family compound, the property has remained in the same family since its construction nearly 100 years ago. The property features three duplexes and two single-family residences on one parcel, with an average unit size of over 1,000 square feet.
Located in the heart of Oakland, 5428 Claremont Ave is a rare compound configuration. This estate-style multifamily property includes a collection of detached homes and duplexes offering long-term neighborhood desirability.
Investment highlights
- Legacy Family Compound
- Oversized, Spacious Units Averaging ±1,000 SF
- Irreplaceable Low-Density Configuration with 2 SFRs & 3 Duplexes
- Expansive ±16,475 SF Lot
- Diverse Unit Configurations with Large Room Counts: Future Redevelopment & Expansion Upside
- 5428 Claremont Features 4 Rooms (2 Bedrooms, Living Room, and Kitchen)*
- 5434A Features 6 Rooms (3 Bedrooms, Living Room, Dining Room, and Kitchen with Breakfast Room Leading to a Deck)**
- 5430-5432 and 5434-5436 All Over 1,000 SF and Were Built as Double Parlour Units Offering Large Living Rooms, Dining Rooms, A Bed Room, and a Bonus Room Near the Stairs
- Approximately 0.3 Miles to Highway 24 Access
- Excellent Connectivity to Rockridge, Berkeley & Major Commuter Routes
- Breakers For All Units
- Park Setting With Frog Park Located Directly Behind The Compound
- Soft Story Exempt
Listing Contacts
Listed by Walker & Dunlop
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