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$1,100,000
Est. payment /mo
4,620 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 4,620 sqft
Price per Sqft $238
Subdivision Foothill
MLS Listing ID 41142094
HOA Y/N No
Year Built 1961
Lot Size 8,450 Sqft
Acres 0.19
Property Sub-Type Apt Complex
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
Zoning RM-2
Rooms
Basement None
Interior
Heating Wall Furnace
Cooling None
Flooring Tile, Vinyl
Fireplace No
Appliance Gas Water Heater
Laundry Coin Operated
Exterior
Utilities Available Individual Electric Meter
Building
Lot Description Level, Paved
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 267855
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Listed by Joey Wang • Keller Williams Realty
NEARBY SCHOOL & BUSINESS
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Eric & Janelle Boyenga
Realtors DRE01254724 / 01254725
Realtors DRE01254724 / 01254725