8 Yosemite Ave
$2,398,000
8 Yosemite Avenue, Oakland, CA 94611
6.4
Cap Rate
153,556
NOI
Details:
Highlights:
- Priced below comp average per unit — $218,000/unit vs. $227,702/unit across eight recent Piedmont Ave, Rockridge, Temescal, and Grand Lake sales
- Prime Piedmont Avenue address — one building off one of the East Bay's most walkable and durably tenanted independent retail corridors
- Diversified unit mix — eight 1BR/1BA, one 1BR/1.5BA, and two studios, spreading exposure across the deepest and most liquid segments of Oakland's rental pool
- Walk-everywhere retail and dining — Blue Bottle, Peet's, Homeroom, Barney's, Ohgane, Caffe Chiave, plus Michelin-starred restaurants and three shopping centers within 0.8 miles
- Strong tenant catchment — 26,366 households averaging $115,493 in income within one mile; immediate I-580 and Highway 24 access to downtown Oakland, Berkeley, and San Francisco
Description:
NAI Northern California is pleased to present 8 Yosemite Avenue, an 11-unit apartment building situated one building off the Piedmont Avenue commercial spine in Oakland — arguably the East Bay's most walkable and most durably tenanted neighborhood retail corridor.
Built in 1923, this three-story, 7,134 SF property carries the architectural character that draws tenants to pre-war Oakland while operating with the discipline of quality long-term ownership. The unit mix is deliberately diversified across the deepest segments of the local rental pool: eight 1BR/1BA units, one 1BR/1.5BA, and two studios. On a 4,443 SF lot, that's genuine density in a low-rise neighborhood where new supply is effectively nonexistent.
Documents:
| Title | ||
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| 8_Yosemite_Ave_Flyer.pdf |
Location
Gallery
