2275 Park Boulevard
$2,098,000
2275 Park Boulevard, Oakland, CA 94606
6.5
Cap Rate
137,071
NOI
Details:
Highlights:
- Truly turnkey — hardwood, tile, granite counters, updated finishes; no renovation budget to underwrite
- Priced below comp average — $209,800/unit vs. $230,167/unit across six recent neighborhood sales
- Efficient unit mix — 8×1BR + 2×2BR targeting Oakland's deepest rental demand
- Blocks from Lake Merritt — Park Blvd café corridor at the doorstep, Grand Lake minutes away
- Commuter-friendly — transit on Park Blvd, immediate I-580 access
Description:
NAI Northern California is pleased to present 2275 Park Blvd, a 10-unit apartment building at the signalized corner of Park Boulevard and 5th Avenue in Oakland's Cleveland Heights neighborhood — a few short blocks up the hill from Lake Merritt.
This is the rare Oakland multifamily offering that asks nothing of its next owner. The interiors are already done: hardwood floors, tile, granite counters, and updated finishes throughout the recently turned units. Nine of ten units are occupied, and the single vacancy is rent-ready and priced to lease at market on day one. There is no repositioning plan to underwrite, no construction budget to defend to a lender, and no deferred-maintenance discount buried in the price.
What the buyer does get is a clean, quantifiable path to higher income.
Documents:
| Title | ||
|---|---|---|
| 2275_Park_Blvd_Flyer.pdf |
Location
Gallery
