2529 E 27Th St, Oakland, CA 94601
- $1,100,000
Listing courtesy of Listing Agent: Joey Wang (joey.wang@loremultifamily.com) from Listing Office: Keller Williams Realty.
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- 41142094
- Year Built
- 1961
- Lot Size
- 8,450
- Lot Location
- Street Level
- Days on Market
- 12
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- Foothill
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.
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Additional Information
- Appliances
- Gas Water Heater
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Exterior Construction
- Stucco, Wood Siding
- Roof
- Shingle
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.