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20 Residential Condos; in heart of Chinatown 324 10th St

20 Unit Apartment Building $5,618,720 CAD ($280,936 CAD/Unit) 6.08% Cap Rate Oakland, CA 94607

Executive Summary

B.C. Realty is pleased to offer the valuation of 324 10th Street, (20) two-story loft style units that are individually parceled in the heart of Chinatown in Oakland. With excellent access to Downtown / Uptown Oakland, Lake Merritt, major employers, public transit, retail & and shopping options, there is no better location within the City of Oakland.
PROPERTY
324 10th Street is a 4-story building that feature (20) live/work units in the top two floors, all 2-Bedroom / 1.5-Bathroom units at 1,169 sf with an open floor plan, private patio, washer & dryer, stainless steel appliances, dishwasher, and granite countertops. While the 1st two floors of the building are made up of multiple retail spaces and are separately owned from the live/work units. Each floor is accessible by stairs or elevator. Utilities are individually metered, so expenses are light. Due to each unit having a separate APN, there is short term profit potential by selling off each individual unit.

Property Facts

Price $5,618,720 CAD
Price Per Unit $280,936 CAD
Sale Type Investment
Cap Rate 6.08%
Sale Conditions Distress Sale
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.37 AC
Building Size 23,380 SF
Average Occupancy 90%
No. Stories 3
Year Built 1920

Unit Amenities

  • Balcony
  • Washer/Dryer
  • Kitchen
  • Hardwood Floors
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Wheelchair Accessible (Rooms)

Site Amenities

  • 24 Hour Access
  • Business Center
  • Wheelchair Accessible
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 20 $3,301 CAD 1,169 - 1,429
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Excellent Transit (89)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R3 (Mixed uses)
R3 (Mixed uses)
  • Listing ID: 32583088

  • Date on Market: 2024-07-25

  • Last Updated:

  • Address: 324 10th St, Oakland, CA 94607

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