10-unit apartment complex up in the Oakland hills next to the Dimond district spread across two five-unit buildings. Current cap rate is 7.08% and the current GRM is 9.41. The unit mix is excellent and offers nine 2bd/1bth units and one 1bd/1bth unit with strong current income and excellent rental upside. The properties were built in 1965, offer approximately 9,448 square feet of rental space, and a combined lot size of 15,100 square feet with 10 off-street parking spaces in the rear. The property has been extensively remodeled and offers updated kitchens and bathrooms, new paint, double pane windows, hardwood floors, custom lighting, and a new roof installed in 2025. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment. Currently there is one vacant unit making this perfect for an owner-occupant or an investor looking to lease at a top market rate. This is a perfect opportunity for an investor to acquire a property in a high
demand neighborhood with excellent long-term potential.

HIGHLIGHTS

10-unit Apartment Complex Featuring Two Five Unit Buildings with Nine 2bd/1bth Units and One 1bd/bth Unit

Strong Current Income and Excellent Rental Upside

Remodeled Units, Off-Street Parking, Double Pane Windows, Coin-Op Laundry, and New Roof in 2025

Easy to Manage Property, Separately Metered For PG&E, with Low Annual Operating Expenses

Attractive Location in the Oakland Hills One Block from Dimond District and the Redwood Day School

Easy to Manage with No Deferred Maintenance

Current Cap Rate: 7.08%, ProForma Cap Rate: 8.77%

Current GRM: 9.41, ProForma GRM: 8.01

Built in 1965, 9,448 Sqft Building, 15,100 SqFt Lot