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515 E 11th St, Oakland, CA, 94606

515 E 11th St

$588,888

Key Information

Cap Rate
6.62%
$ per SF
$185
Tot. SF
3,180
$ per unit
$117,778
Units
5
Type
Apartments
Occupancy
80%
NOI
$79,310

Highlights

• Value-Add Upside – Lease-up of one vacant unit and existing below-market rents provide clear potential for future revenue growth.
• RUBS Expense Savings – Opportunity to recover a portion of utility expenses through RUBS, helping reduce costs and improve operating efficiency.
• Near Laney College – Located within walking distance of Laney College, which serves 17,000+ students annually and supports nearby rental demand.
• Access to Major Employment Hubs – Near Kaiser Permanente, Alameda Health System, Alameda County and BART, providing access to a diverse employment base.
• Low Barrier to Entry – A relatively low acquisition price offers an accessible entry point while maintaining meaningful value-add potential.

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245