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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Joey Wang, DRE #01890931 • Keller Williams Realty

$ 1,100,000

Est. payment | -/mo

2 Beds

1 Bath

4,620 SqFt

Save

$ 1,100,000

Est. payment | -/mo

Save

2 Beds

1 Bath

4,620 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,620 sqft

Price per Sqft $238

MLS Listing ID EB41142094

Bedrooms 2

Year Built 1961

Lot Size 8,450 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

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

Area Oakland Zip Code 94601

Zoning RM-2

Interior

Heating Wall Furnace

Cooling None

Flooring Tile, Vinyl

Laundry Laundry Facility - Coin-Op

Exterior

Exterior Feature Stucco, Siding - Wood

Parking Features Parking Area, Spaces per Unit - >1

Garage Spaces 12.0

Roof Type Composition

Building

Lot Description Grade - Level

Water Heater - Gas

Others

Tax ID 26-785-5

Special Listing Condition New, Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

2529 E 27Th St Oakland, CA 94601