2268-2274 E 15th Street , Oakland , CA 94601; Multifamily Properties For Sale; A-1 in Alameda County
No. Units: 22
Building Size: 10,384 SF
Lot Size: 0.23 AC
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
No. Stories: 3
Year Built: 1963
45 UNIT FRUITVALE PORTFOLIO 2268-2274 E 15TH STREET IS 1 OF 2 COMMUNITIES AVAILABLE FOR SALE TOGETHER WITH 2545-2605-2615 26TH AVENUE OR SEPARATELY. CBRE is pleased to offer the sale of 2268 and 2274 E 15th Street, a 22 Unit community in the thriving Fruitvale Neighborhood of Oakland, CA. With 50% of the units completely renovated and with major exterior improvements including a seismic retrofit, the 2268 and 2274 E 15th Street Apartments offer an investor a turn key community that will continue to increase in value due to the almost 17% rental gap between the current rents and the area’ s market rents. This attributes to a possible 12.4% CASH ON CASH return with available assumable financing.
The Fruitvale District is one of the major retail and commercial communities of Oakland. The Fruitvale District is the home hundreds of local Oakland businesses and the host of many cultural events. In addition, the Fruitvale is the most racially, ethnically and culturally diverse population in Oakland, which is one of the most diverse cities in California and the nation. The Fruitvale District is becoming a Neighborhood of Choice as it is now more physically attractive, economically vibrant and livable. Perfect for commuters, the property sits within close proximity to the Bay Area’ s major transportation arteries 880 and 580, offering direct access to San Francisco, Sacramento, Walnut Creek and Silicon Valley. Furthermore, 2268 and 2274 E 15th Street lie just 1 mile from the Fruitvale BART Station.