Bel-Aire | 2501 7th Ave
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Bel-Aire 2501 7th Ave
14 Unit Apartment Building $4,606,777 CAD ($329,056 CAD/Unit) Oakland, CA 94606
Investment Highlights
- In close proximity to Downtown Oakland/Uptown
- Generous tenant storage
- On-site laundry facility
Executive Summary
Colliers is pleased to present 2501 7th Ave, situated in the vibrant Ivy Hill neighborhood, a highly sought-after area in Oakland. Nestled near the east shores of Lake Merritt, the property benefits from its proximity to downtown Oakland/Uptown, offering a diverse array of eateries and shopping options as wells as access to cultural institutions, including the Oakland Museum of California, Fox Theater, Paramount Theatre and more.
2501 7th Ave features a unit mix of (1) Studio, (12) 1-Bedroom/1-Bathroom, and (1) 2-Bedroom/1-Bathroom penthouse. The property offers convenient amenities, including an on-site laundry facility, generous tenant storage, and a parking garage with 8 spaces. This is an excellent opportunity for an owner/user or investor to acquire a well-located apartment building with a potential rental upside over 34%.
2501 7th Ave features a unit mix of (1) Studio, (12) 1-Bedroom/1-Bathroom, and (1) 2-Bedroom/1-Bathroom penthouse. The property offers convenient amenities, including an on-site laundry facility, generous tenant storage, and a parking garage with 8 spaces. This is an excellent opportunity for an owner/user or investor to acquire a well-located apartment building with a potential rental upside over 34%.
Property Facts
| Price | $4,606,777 CAD | Building Class | C |
| Price Per Unit | $329,056 CAD | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 11,966 SF |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Apartment Style | Low Rise |
| Price | $4,606,777 CAD |
| Price Per Unit | $329,056 CAD |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 11,966 SF |
| No. Stories | 3 |
| Year Built | 1935 |
| Parking Ratio | 0.67/1,000 SF |
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 12 | - | - |
| 2+1 | 1 | - | - |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 022-0338-003-00 | Improvements Assessment | $1,431,950 CAD |
| Land Assessment | $508,630 CAD | Total Assessment | $1,940,580 CAD |
PROPERTY TAXES
Parcel Number
022-0338-003-00
Land Assessment
$508,630 CAD
Improvements Assessment
$1,431,950 CAD
Total Assessment
$1,940,580 CAD
zoning
| Zoning Code | RU-2, S-13 |
| RU-2, S-13 |
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Bel-Aire | 2501 7th Ave
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