2529 E 27Th St, Oakland, CA 94601
- $1,100,000
Listed by Joey Wang, (510) 592-5554 from Keller Williams Realty
(If provided) CoList: from
- List Price
- $1,100,000
- MLS#
- EB41142094
- Status
- ACTIVE
- Lot Size
- 8,450
- Listing Area
- Oakland Zip Code 94601
- Year Built
- 1961
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.
Additional Information
- Acres
- 0.19
- Amenities
- Balcony/Patio
- Cooling System
- None
- Exterior Features
- Stucco, Siding - Wood
- Floor Covering
- Tile, Vinyl
- Garage Parking
- Parking Area, Spaces per Unit - >1
- Heating System
- Wall Furnace
- Laundry Facilities
- Laundry Facility - Coin-Op
- Lot Description
- Grade - Level
- Lot Size
- 8,450
- Neighborhood
- Oakland Zip Code 94601
- Numberof Units
- 6
- Roof
- Composition
- Unincorporated Yn
- Yes
- Zoning
- RM-2
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