Active

5470 Camden

Oakland CA, 94619

$3,375,000


$453.02 per sqft

Active

7,450 sqft

Residential

Built in 1958

This 10,150 SF multifamily property, built in 1957, presents a lucrative opportunity for investors seeking solid returns. Featuring 15 units--10 1-bedroom, 1-bathroom units, 3 studios, and 2 2-bedroom, 1-bathroom units--the property provides a well balanced unit mix that appeals to a broad tenant base. Zoned R50 also offers flexibility for future development or expansion, enhancing its long-term value. Located in a highly desirable Oakland area, this asset is strategically positioned less than 5 minutes from Northeastern University and Mills College, with easy access to Highways 580 and 880. Its close proximity to Oakland International Airport and other key amenities further increases tenant demand, making it a strong rental market performer. The property is separately metered for PG&E utilities, features on-site parking, and has undergone a full seismic retrofit, ensuring modern infrastructure and reduced future capital expenditures. With potential for rent growth through tenant turnover, the property offers significant upside for value-add investors. This multifamily property combines immediate cash flow potential with strong prospects for future appreciation, making it a prime investment in Oakland's growing real estate market.

41077995

MLS ID

November 1, 2024

Listed

December 13, 2024

Updated

Map

5470 Camden
Oakland CA, 94619

Interior Features

Floor Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.16 Acres


Lot Features

Corner Lot


Sewer

Public Sewer

Other Property Details

Area Name

Oakland


Garage

No


Parking

Covered


View

No


County

Alameda


Pool

No

Listing History

Date

Event

Price

11/20/2024

Price change

$3,375,000

-4%

Listed by Matthew Rulloda with BHHS Drysdale Properties
Listing Contact: 415-602-2882 

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