Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

942 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1240-1248 E 15TH ST 1240 E 15th St

4 Unit Apartment Building $1,173,150 CAD ($293,288 CAD/Unit) 6.15% Cap Rate Oakland, CA 94606

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Welcome to an exceptional investment opportunity at 1240-1248 E 15th St, a well maintained 4-unit building
The property is thoughtfully designed with an open lot offering valuable off-street parking—a coveted feature that ensures tenant satisfaction
Given the strong demand in the area and the potential for market rent growth, the property offers significant upside.

Boasting a solid cap rate and occupied by vetted tenants, this asset delivers immediate stability and consistent rental income.
Recently landscaped to perfection, the property presents an inviting and well-kept exterior that sets the tone for the entire building.
Currently fully leased, any future vacancy would present an opportunity to increase rental income by adjusting rents to prevailing market rates

Executive Summary

Broker of Record
David Harrington
License No. 02168060 (CA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245

Property Facts

Price	$1,173,150 CAD	Property Subtype	Apartment
Price Per Unit	$293,288 CAD	Apartment Style	Townhome
Sale Type	Investment	Lot Size	0.14 AC
Cap Rate	6.15%	Building Size	6,000 SF
Gross Rent Multiplier	11.23	No. Stories	2
No. Units	4	Year Built	1944
Property Type	Multifamily

Price	$1,173,150 CAD
Price Per Unit	$293,288 CAD
Sale Type	Investment
Cap Rate	6.15%
Gross Rent Multiplier	11.23
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Townhome
Lot Size	0.14 AC
Building Size	6,000 SF
No. Stories	2
Year Built	1944

This feature is unavailable at the moment.