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Tuxedo Studio Village 1634 23rd Ave

7 Unit Block of Flats £637,193 (£91,028/Unit) 6.19% Net Initial Yield Oakland, CA 94606

Investment Highlights

  • High Vacany Property
  • Gated Secure Access

Executive Summary

Wonderful opportunity to acquire seven (7) studios with three (3)vacancies currently.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income £85,809 £29.09
Other Income - -
Vacancy Loss £4,290 £1.45
Effective Gross Income £81,519 £27.63
Taxes £13,035 £4.42
Operating Expenses £26,429 £8.96
Total Expenses £39,463 £13.38
Net Operating Income £42,056 £14.26

Financial Summary (Actual - 2024)

Gross Rental Income
Annual £85,809
Annual Per SF £29.09
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £4,290
Annual Per SF £1.45
Effective Gross Income
Annual £81,519
Annual Per SF £27.63
Taxes
Annual £13,035
Annual Per SF £4.42
Operating Expenses
Annual £26,429
Annual Per SF £8.96
Total Expenses
Annual £39,463
Annual Per SF £13.38
Net Operating Income
Annual £42,056
Annual Per SF £14.26

Property Facts

Price £637,193 Apartment Style Garden
Price Per Unit £91,028 Lot Size 0.17 AC
Sale Type Investment Building Size 2,950 SF
Net Initial Yield 6.19% Average Occupancy 57%
Sale Conditions 1031 Exchange Number of Floors 1
Gross Rent Multiplier 7.43 Year Built 1924
No. Units 7 Parking Ratio 2.37/1,000 SF
Property Type Residential Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Apartment
Price £637,193
Price Per Unit £91,028
Sale Type Investment
Net Initial Yield 6.19%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 7.43
No. Units 7
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.17 AC
Building Size 2,950 SF
Average Occupancy 57%
Number of Floors 1
Year Built 1924
Parking Ratio 2.37/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Carpet

Site Amenities

  • Gated

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 7 £1,202 421
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(415) 710-7284

Contact

  • Listing ID: 34392734

  • Date on Market: 07/01/2025

  • Last Updated:

  • Address: 1634 23rd Ave, Oakland, CA 94606

The San Antonio Residential Property at 1634 23rd Ave, Oakland, CA 94606 is currently available. Contact KW Commercial Real Estate for more information.

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© 2025 CoStar Group

Tuxedo Studio Village | 1634 23rd Ave
(415) 710-7284 x

Tuxedo Studio Village | 1634 23rd Ave

Nathaniel Reinke

(415) 710-7284

(415) 710-7284

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