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2124 90th Avenue, Oakland, CA 94603

$4,995,000
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List Price
$4,995,000
Status
ACTIVE
MLS#
ML82064076
Year Built
1964
Lot Size
28,000
Acres
0.64
Days on Market
7
Property Type
Commercial
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Property Description

32 apartments, mostly townhome style, in two 16-unit, two-story buildings on two parcels, built in 1964: 26 two-bedrooms, 5 three-bedrooms and 1 four-bedroom in about 28,000 SF on about 0.64 acres. Gated, with on-site parking and two laundry rooms. City of Oakland soft-story exemption granted in 2024. Subject to a City of Oakland regulatory agreement through 12/2032 (at least 8 units at 80% AMI or below). Market rents run about 26% above in-place rents. In East Oakland off MacArthur Boulevard with quick I-580 access, near Coliseum BART / Amtrak, Eastmont Town Center and Oakland Airport. 11.43% current cap; 14.25% pro forma cap. Taxes reflect the seller's current welfare exemption; buyer to verify. Motivated ownership: all offers reviewed; Q4 2026 close preferred.

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Additional Information

Taxes
$23,431
Cooling
Yes
Roof
Other
Water
Other
School District
Other
Attached Structure
Detached
Gross Scheduled Income
$764,688
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Listing courtesy of Listing Agent: Alina Siert (alina@siertgroup.com) from Listing Office: KW Advisors.

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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.