Key information
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Units 5
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Year Built 1962
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Average Unit Size 828
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Building Size 4,140
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Land Area (Sq Ft) 6,210
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Parking 2
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Separate Meters None
Pricing Metrics
CAP Rate:
8.7%
GRM:
6.7
Price per Unit:
$220,000
Price per Square Foot:
$266
Property Summary
High-yield 5-unit investment in East Oakland’s Opportunity Zone. Located just steps from Arroyo Viejo Park, 2023 80th Ave features (4) 2BD/1BA and (1) 4BD/2BA units across 4,140 sq ft on a 0.14-acre lot. Built in 1962, this two-story property includes gated off-street parking with a 1:1 parking ratio. Schools including East Oakland Pride Elementary, Frick Academy, and Castlemont High are all within 0.9 miles, supporting strong family rental demand. The building sits in a Qualified Opportunity Zone, offering tax benefits for eligible investors. With an in-place CAP rate of 8.9%, this turnkey property delivers immediate income and long-term potential in one of Oakland’s most accessible submarkets.
Financial Summary
Gross Rents (Annual):
$163,164
Other Income:
$1,200
Expense Pass Through:
$0
Effective Gross Income:
$96,021
Vacancy Reserve:
$11,505
Operating Expenses:
$56,838
Net Operating Income:
$96,021
Market Rents (Annual):
$172,800
Rent Gap:
6%
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Operating Expenses
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Property Tax Rate:
N/A
Property Tax (Base):
N/A
Property Tax (Additional Assessments):
N/A
Business License Fee:
N/A
Rent Board Fee:
N/A
Other Program Fee:
N/A
Property Management:
N/A
Resident Manager:
N/A
- Maintenance, Repairs, and Reserves : N/A
- Turnover Costs : N/A
- Landscaping : N/A
- Pest Control : N/A
- Janitorial : N/A
- Insurance : N/A
- Gas & Electricity : N/A
- Garbage : N/A
- Water & Sewer : N/A
- Other Utilities : N/A
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Rent Roll
Log in to view all information| Unit Mix | Occupancy | Unit Size | Current Rent (Average) | Market Rent Estimate | Comments |
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