Six-Unit East Oakland Value-Add at a 7% Cap. 2529 E 27th St delivers six 2BR/1BA units near Highland Hospital and the I-580/I-880 freeways. Priced at $1,100,000 - $183K per unit, $246/SF - on $142,000 in current income. Rents sit 29% below market, with upside captured on turnover under Oakland rent rules and a path to a 10% cap at market. Twelve parking spaces, on-site storage income, and individually metered gas and electric anchor the operations. Unit 3 adds a bonus flex room. Strong cashflow now, with a clear runway to more - built for an investor ready to act.
| MLS # | 41142094 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 101 |
| Listing Provided By | Keller Williams Realty | Joey Wang |
| Units | 6 |
|---|---|
| Zoning | RM-2 |
| Acreage | 0.19 |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Water Heater |
| Roof | Shingle |
|---|---|
| Construction Materials | Stucco, Wood Siding |
| Lot Features | Street Level |
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94601 |
| Community Name | FOOTHILL |
| Listing VS Median (in FOOTHILL) | |
Price: $1,100,000 low | high Med: $675,000 On site: 101 low | high Med: 40 | |
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94601 |
| Community Name | FOOTHILL |
| Listing VS Median (in FOOTHILL) | |
Price: $1,100,000 low | high Med: $675,000 On site: 101 low | high Med: 40 | |
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