Details
- Property Type Apartments
- Price $1,395,000
- Units 23
- Year Built 1895
- Building SF 7,140
- Per Unit $60,652
- Per SF $195
- Cap Rate 8.3%
- Land SF 12,632
- Listing Broker Oak Tree Property Group, Stephen Pagones, DRE #1760998
Agent Notes
Qualified investors are offered the rare opportunity to purchase or master lease 2327 San Pablo Avenue in Oakland, California. This fully renovated commercial property includes 22 single-room occupancy (SRO) units and one large retail space, making it an ideal asset for both local and regional investors seeking long-term income and value growth in a high-demand market. Extensive recent upgrades include new dual-pane windows, roof coating, major structural stabilization, remodeled bathrooms, a full fire sprinkler system with fire doors and a fire escape, upgraded copper plumbing with pressure relief valves, sewer lateral compliance, keyless entry hardware throughout, new LED lighting, modern heaters, and CAT6 and coaxial data lines installed in every unit.
Seller financing is available at 6.5% interest-only with no points, providing attractive terms and lowering upfront costs for qualified buyers. Alternatively, a master lease structure is available, offering operational control without full acquisition. With a motivated seller and a turnkey asset in a strategic Oakland corridor, 2327 San Pablo Avenue presents a compelling opportunity to secure a stabilized, income-generating property with substantial capital improvements and strong upside potential.
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