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Listed by Louis C Kwok Kidder Mathews
$1,100,000
Est. payment /mo
9 Beds
3,252 SqFt
New
1364 E 27th ST Oakland, CA 94606
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,252 sqft
Price per Sqft $338
MLS Listing ID 426127723
Bedrooms 9
HOA Y/N No
Year Built 1922
Lot Size 4,491 Sqft
Acres 0.1031
Property Sub-Type Multi Family
Property Description
1364 East 27th Street is a meticulously renovated six-unit multifamily community situated in the heart of Oakland's Highland Park. This asset represents a rare turn-key opportunity for investors seeking immediate cash flow or owner-users looking for a primary residence that pays for itself. Originally constructed in 1922, the property has undergone significant improvements. The centerpiece is a newly completed (2025) detached 2BR/1BA ADU, featuring high-end condo finishes and private ingress/egress, and air-conditioning. The main building comprises three spacious 2BR/1BA units and two 1BR/1BA units, nearly all of which have seen significant interior upgrades including new flooring, updated bathrooms, modern cabinetry, and dishwashers in select unitswithin the last three years. Recent capital expenditures have stripped away the heavy lifting typically associated with East Bay assets. Within the last six months, the property has received a fresh exterior paint scheme, new concrete walkways, upgraded main electrical panels and sub-panels, and secure perimeter fencing. With two units currently vacant, including the luxury ADU, the property offers the ultimate flexibility: achieve a 8.35% Cap Rate from day one or occupy the ADU as a premium owner-user suite while the remaining units subsidize your mortgage.
Location
State CA
County Alameda
Area Oakland Zip 94606
Rooms
Basement Storage Space
Interior
Heating MultiUnits, Wall Furnace
Cooling Ceiling Fan(s), Zoned, Wall Unit(s)
Flooring Vinyl
Fireplace No
Appliance Dishwasher, Varies By Unit
Building
Lot Description Shape Regular
Story 3
New Construction Yes
Others
Tax ID 0220356048
Nearby Locations
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