2545-2605-2615 26th Avenue , Oakland , CA 94601; Multifamily Properties For Sale; A-1 in Alameda County
45 UNIT FRUITVALE PORTFOLIO 2545-2605-2615 26TH AVENUE IS 1 OF 2 COMMUNITIES AVAILABLE FOR SALE TOGETHER WITH 2268-2274 E 15TH STREET OR SEPARATELY. CBRE is pleased to offer the sale of 26th Avenue Apartments, a 23 Unit community in the thriving Fruitvale Neighborhood of Oakland, CA. With 70% of the units completely renovated and major exterior improvements, the 26th Avenue Apartments offer an investor a turn key community that will continue to increase in value due to the almost 25% Rental gap between the current rents and the area’s market rents. This attributes to a possible 15% + CASH ON CASH return with available interest only financing.
The Fruitvale District is one of the major retail and commercial communities of Oakland. The Fruitvale District is the home to hundreds of local Oakland businesses and the host of many cultural events. Perfect for commuters, the property sits within close proximity to the Bay Area’s major transporatation arteries 880 and 580, offering direct access to San Francisco, Sacramento, Walnut Creek and Silicon Valley. In addition, 2545 26th Avenue lies just 1.5 miles from the Fruitvale BART Station.