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Lucio Real Estate Group

joe.lucio@exprealty.com +1(805) 512-0065

$1,100,000

Est. payment - /mo

8,450 Sqft Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Foothill

MLS Listing ID 41142094

HOA Y/N No

Year Built 1961

Lot Size 8,450 Sqft

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Alameda

Zoning RM-2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Roof Type Shingle

Total Parking Spaces 12

Building

Lot Description Street Level

Others

Tax ID 267855

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Listed by Joey Wang Keller Williams Realty #01890931

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Lucio Real Estate Group

Broker Associate License ID: 01893011

+1(805) 512-0065

joe.lucio@exprealty.com

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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2529 E 27Th St Oakland, CA 94601

Lucio Real Estate Group

Key Details

Location

Interior

Exterior

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Others

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2529 E 27Th St