Tuxedo Studio Village | 1634 23rd Ave
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Tuxedo Studio Village 1634 23rd Ave
7 Unit Apartment Building $1,141,978 CAD ($163,140 CAD/Unit) 6.19% Cap Rate Oakland, CA 94606
Investment Highlights
- High Vacany Property
- Gated Secure Access
Executive Summary
Wonderful opportunity to acquire seven (7) studios with three (3)vacancies currently.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$153,788
|
$52.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,689
|
$2.61
|
| Effective Gross Income |
$146,098
|
$49.52
|
| Taxes |
$23,361
|
$7.92
|
| Operating Expenses |
$47,366
|
$16.06
|
| Total Expenses |
$70,726
|
$23.98
|
| Net Operating Income |
$75,372
|
$25.55
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $153,788 |
| Annual Per SF | $52.13 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,689 |
| Annual Per SF | $2.61 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $146,098 |
| Annual Per SF | $49.52 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,361 |
| Annual Per SF | $7.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $47,366 |
| Annual Per SF | $16.06 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $70,726 |
| Annual Per SF | $23.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $75,372 |
| Annual Per SF | $25.55 |
Property Facts
| Price | $1,141,978 CAD | Apartment Style | Garden |
| Price Per Unit | $163,140 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,950 SF |
| Cap Rate | 6.19% | Average Occupancy | 57% |
| Sale Conditions | 1031 Exchange | No. Stories | 1 |
| Gross Rent Multiplier | 7.43 | Year Built | 1924 |
| No. Units | 7 | Parking Ratio | 2.37/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $1,141,978 CAD |
| Price Per Unit | $163,140 CAD |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 7.43 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.17 AC |
| Building Size | 2,950 SF |
| Average Occupancy | 57% |
| No. Stories | 1 |
| Year Built | 1924 |
| Parking Ratio | 2.37/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Carpet
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | $2,155 CAD | 421 |
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (76)
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Tuxedo Studio Village | 1634 23rd Ave
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