Listed by Walker & Dunlop
$1,625,000
745-751 E. 11th Street
Details
APN 019-0019-005-00,019-0019-006-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,264
Net Rentable (SqFt) 8,264
Units 16
Cap Rate 5.04%
NOI $81,951
Occupancy 100%
Price per SqFt $197
Year Built 1922
Acreage 0.165
Investment Type Value Add
Multifamily | 16 Units | $101,563/unit
Marketing description
Walker & Dunlop, as the exclusive advisor, is pleased to present the opportunity to acquire 745-751 E 11th, 16 (0x1) in Oakland, CA.
Located in the heart of Oakland, 745-751 E 11th Street is a 16-Studio unit multifamily property built in 1922.
Investment highlights
- Attractive unit mix; 16-studio
- Transit-oriented east lake location; 0.5 miles to bart, 0.5 miles to i-880 & 1.0 miles i-580
- Oakland bounce back 8.8% effective rent growth since q3 2024
- Rental upside: avg. $483 ltl for repositioning opportunity
Listing Contacts
Listed by Walker & Dunlop
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,951.00
$6,829.25/mo
Valuation Metrics
0
DSCR
5.04%
Cap Rate
5.04%
ROI
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