REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Shanne Carvalho

shanne@shannecarvalho.com +1(831) 588-2374

Listed by Joey Wang, DRE #01890931 • Keller Williams Realty

$ 1,100,000

Est. payment -/mo

Save

New

2529 E 27Th St Oakland, CA 94601

2 Beds

1 Bath

4,620 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,620 sqft

Price per Sqft $238

MLS Listing ID EB41142094

Bedrooms 2

Year Built 1961

Lot Size 8,450 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

Six-Unit East Oakland Value-Add at a 7% Cap. 2529 E 27th St delivers six 2BR/1BA units near Highland Hospital and the I-580/I-880 freeways. Priced at $1,100,000 - $183K per unit, $246/SF - on $142,000 in current income. Rents sit 29% below market, with upside captured on turnover under Oakland rent rules and a path to a 10% cap at market. Twelve parking spaces, on-site storage income, and individually metered gas and electric anchor the operations. Unit 3 adds a bonus flex room. Strong cashflow now, with a clear runway to more - built for an investor ready to act.

Location

State CA

County Alameda

Area Oakland Zip Code 94601

Zoning RM-2

Interior

Heating Wall Furnace

Cooling None

Flooring Tile, Vinyl

Laundry Laundry Facility - Coin-Op

Exterior

Exterior Feature Stucco, Siding - Wood

Parking Features Parking Area, Spaces per Unit - >1

Garage Spaces 12.0

Roof Type Composition

Building

Lot Description Grade - Level

Water Heater - Gas

Others

Tax ID 26-785-5

Special Listing Condition New, Not Applicable

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(831) 588-2374

shanne@shannecarvalho.com

GET MORE INFORMATION

Name

Email*

Phone*

Message