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2529 E 27Th St Oakland, CA 94601
8,450 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Foothill
MLS Listing ID 41142094
HOA Y/N No
Year Built 1961
Lot Size 8,450 Sqft
Property Sub-Type Apartment
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.
Location
State CA
County Alameda
Zoning RM-2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Shingle
Total Parking Spaces 12
Building
Lot Description Street Level
Others
Tax ID 267855
Listed by Joey Wang Keller Williams Realty #01890931