Multi Family In Oakland

Offered only as part of a four-building, 181-unit portfolio in Oakland’s Fruitvale district at $33,486,000; the buildings are not sold separately. Building 1 of 4: Kensington Plaza, 1757 26th Avenue. 39 apartments in a three-story Marina-style building built in 1928: 9 studios, 16 one-bedrooms and 14 two-bedrooms in about 25,447 SF on a 10,951 SF lot. About 80% of the units have been renovated, with updated kitchens and baths, newer windows and flooring. Lifetime GAF roof warranty, separately metered gas and electric, on-site laundry. City of Oakland soft-story exemption approved in 2025. Pro forma market rents run about 6% above in-place rents. About 0.7 mi from Fruitvale BART and Fruitvale Village. The portfolio: 1757 26th Ave (39 units), 1900 26th Ave (41 units + 45 garages), 2555-2567 Foothill Blvd (61 units) and 2624 Foothill Blvd (40 units). Portfolio: 7.69% current cap; 6.91% pro forma cap at $33,486,000.