3203 14th Ave - For Sale
Value-Add Multifamily Asset Near Highland Hospital in Oakland
Offer Price
$1,350,000
6,422 sq ft
About this property
Value-Add Multifamily Asset Near Highland Hospital in Oakland
Property Overview:
Positioned in Oakland, CA, this multifamily asset offers 6,422 SF of building area on a 5,600 SF parcel with 9 residential units. The property presents a value-add opportunity adjacent to Highland Hospital with stable rent potential and recent capital improvements enhancing long-term income stability.
Property Highlights:
- Built in 1956 with ongoing updates including back stairwell replacement, water heater replacement, and repaving of garbage area in 2024
- Total of 9 residential units with unit mix including multiple one-bedroom and two-bedroom layouts
- Units #4 and #5 undergoing partial and full remodels respectively as of November 2025
- Net Operating Income (NOI) of $90,647 and a cap rate of 6.7%
- Located on a 5,600 SF lot with parking and garbage facilities
- Annual gross income including laundry income totals approximately $151,896
Location & Connectivity:
Centrally located in Oakland’s East Bay near Highland Hospital and minutes from Downtown Oakland, the asset benefits from easy access to Highway 580 and a short 11-mile commute across the Bay Bridge to San Francisco. The site is situated within a dense residential neighborhood characterized by strong rental demand and proximate to major medical, institutional, and urban employment centers.
Usage:
This asset is suitable for owner-users or investors seeking a stable multifamily investment with upside rent potential in a resilient Bay Area rental market supported by strong demographic trends, infrastructure investment, and urban revitalization initiatives.
Marketing Documents
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Listing Information
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.
AiCRE PartnersThis listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.