Property Detail

Description

THE FEELING: 2810–2820 Garden Street pairs two fourplexes on a single Oakland lot, fully occupied and professionally managed, with upside as units turn over. THE PROPERTY: Built in 1952, all eight units share the same plan: two bedrooms, one bath, approximately 808 square feet. A uniform unit mix keeps leasing, turnover, and upkeep straightforward. Electric and gas are separately metered, and on-site parking serves residents. RECENT WORK: Approximately $83,000 in improvements and repairs were completed in 2025, including roof, electrical, interior, and exterior work. THE NUMBERS: Offered at $1,350,000, or $168,750 per unit. Tax records show 6,728 square feet. The property delivers a 5.94% cap rate on current income and an 8.65% pro forma cap rate at market rents. Income and expense documentation is available on request. OUTSIDE YOUR DOOR: In Oakland’s Reservoir Hills neighborhood, minutes from the Dimond District, with transbay bus lines close by. STATS: 8 units | 2BD/1BA each | ±808 SF per unit | 6,728 SF per tax records | Separately metered for electric and gas | Built 1952 | 100% occupied | Offered at $1,350,000