For sale · Multifamily investment
Thirteen new homes by Fruitvale BART
1228 36th Avenue, Oakland
$8,225,000
13 units · 17,158 sq ft · 7.00% cap rate
The property
New construction, fully leased, two blocks from BART and in an Opportunity Zone.
A newly built, three-story building of 13 apartments, two blocks from Fruitvale BART. It is leased in full to supportive-housing operator Oasis Living on a 7-year absolute NNN lease with 3% annual rent increases. The units are already mapped as condominiums, and the property is in an Opportunity Zone.
Details
- Property type
- Multifamily, 3 stories
- Units
- 13, mapped as condominiums
- Building
- 17,158 sq ft
- Built
- 2026
- Cap rate
- 7.00%
- Lease
- 7-year absolute NNN
- Zoning
- S-15 Transit Oriented
Photographs
Location
1228 36th Avenue, Oakland, CA 94601
Offering memorandum
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Financials and site details, sent to you by Etan.
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Presented by Etan Z. Fraser, The Fraser Group. Information deemed reliable but not guaranteed.