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9-unit Investment Housing Over 40 Tenants 2262-2270 High St

9 Unit Block of Flats £1,952,213 (£216,913/Unit) 8.49% Net Initial Yield Oakland, CA 94601

Investment Highlights

  • 9-unit Investment Housing Over 40 Tenants
  • 7,800 Square Feet of Rentable Space Spread Across Two Parcels on a 24,000 Square Foot Lot
  • All Buildings Have Been Remodeled Over Time and Offer Newer Roofs, Upgraded Kitchens and Bathrooms, Updated Electrical, Double Pane Windows, and More
  • Packaged Sale of Five Properties Including One Fourplex, One Duplex, and Three Single-Family Homes
  • Currently Under Net Lease to Safe & Sober Housing Company: Off The Street Ministries, LLC
  • Separately Metered For PG&E with Low Projected Annual Operating Expenses

Executive Summary

9-unit packaged sale of five different properties spread across two parcels with a combined lot size of 24,000 square feet. This offering includes a fourplex (2264 High St), a duplex(2270 High St), and three single-family homes (2262 High St, 2266 High St, and 2311 Courtland Ave). All of the buildings offer two-bedroom one bath units except for 2311 Courtland Ave which offers a three bedroom and one bathroom. Currently, 2264 High St and 2270 High St have been merged to create large open spaces for the purpose of a sober living facility, so each level offers four bedrooms and two bathrooms. All the buildings have been remodeled over time and offer newer kitchens, bathrooms, newer roofs, double pane windows, and updated electrical and plumbing systems. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The property can be delivered 100% vacant creating a perfect opportunity for an owner-user or investor seeking high market rents. This is an extremely convenient location near HWY580 and only a short drive to Lake Merritt, Grand Lake/Lakeshore shopping, and Downtown Oakland.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING

Property Facts

Price £1,952,213
Price Per Unit £216,913
Sale Type Investment
Net Initial Yield 8.49%
Gross Rent Multiplier 8.68
No. Units 9
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 0.53 AC
Building Size 7,800 SF
Number of Floors 2
Year Built 1919
Parking Ratio 3.21/1,000 SF

Unit Amenities

  • Fireplace
  • Heating
  • Tile Floors
  • Wooden Floors
Walk Score ®
Very Walkable (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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
032-2046-010-01
Land Assessment
£131,834
Improvements Assessment
£462,136
Total Assessment
£593,970

zoning

Zoning Code R50, Oakland
R50, Oakland
  • Listing ID: 32338164

  • Date on Market: 03/07/2024

  • Last Updated:

  • Address: 2262-2270 High St, Oakland, CA 94601

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