20 Residential Condos; in heart of Chinatown | 324 10th St
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20 Residential Condos; in heart of Chinatown 324 10th St
20 Unit Block of Flats £3,156,000 (£157,800/Unit) 6.08% Net Initial Yield Oakland, CA 94607
Executive Summary
B.C. Realty is pleased to offer the valuation of 324 10th Street, (20) two-story loft style units that are individually parceled in the heart of Chinatown in Oakland. With excellent access to Downtown / Uptown Oakland, Lake Merritt, major employers, public transit, retail & and shopping options, there is no better location within the City of Oakland.
PROPERTY
324 10th Street is a 4-story building that feature (20) live/work units in the top two floors, all 2-Bedroom / 1.5-Bathroom units at 1,169 sf with an open floor plan, private patio, washer & dryer, stainless steel appliances, dishwasher, and granite countertops. While the 1st two floors of the building are made up of multiple retail spaces and are separately owned from the live/work units. Each floor is accessible by stairs or elevator. Utilities are individually metered, so expenses are light. Due to each unit having a separate APN, there is short term profit potential by selling off each individual unit.
PROPERTY
324 10th Street is a 4-story building that feature (20) live/work units in the top two floors, all 2-Bedroom / 1.5-Bathroom units at 1,169 sf with an open floor plan, private patio, washer & dryer, stainless steel appliances, dishwasher, and granite countertops. While the 1st two floors of the building are made up of multiple retail spaces and are separately owned from the live/work units. Each floor is accessible by stairs or elevator. Utilities are individually metered, so expenses are light. Due to each unit having a separate APN, there is short term profit potential by selling off each individual unit.
Property Facts
| Price | £3,156,000 | Apartment Style | Townhome |
| Price Per Unit | £157,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Net Initial Yield | 6.08% | Building Size | 23,380 SF |
| Sale Conditions | Distress Sale | Average Occupancy | 90% |
| No. Units | 20 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1920 |
| Property Subtype | Apartment |
| Price | £3,156,000 |
| Price Per Unit | £157,800 |
| Sale Type | Investment |
| Net Initial Yield | 6.08% |
| Sale Conditions | Distress Sale |
| No. Units | 20 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 23,380 SF |
| Average Occupancy | 90% |
| Number of Floors | 3 |
| Year Built | 1920 |
Unit Amenities
- Balcony
- Washer/Dryer
- Kitchen
- Wooden Floors
- Tub/Shower
- Walk-In Closets
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Business Centre
- Wheelchair Accessible
- Lift
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1.5 | 20 | £1,854 | 1,169 - 1,429 |
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Walk Score ®
Walker's Paradise (100)
Transit Score ®
Excellent Transit (89)
Bike Score ®
Very Bikeable (85)
zoning
| Zoning Code | R3 (Mixed uses) |
| R3 (Mixed uses) |
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Bonnie Chui -
B.C. Realty
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20 Residential Condos; in heart of Chinatown | 324 10th St
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