5470 Camden St

Located in the vibrant city of Oakland, this property offers a prime investment opportunity in a dynamic business and social environment. The surrounding area is home to an array of amenities, including educational hubs, cultural attractions and including nearby highways 580 and 880. Just a short distance away, Lake Merritt provides a scenic escape and the perfect setting for outdoor activities. Additionally, prominent universities such as the North Eastern University and Mills College are less than 5 minutes away adding to the allure of the location for potential tenants. With its strategic position in this bustling city, the property presents an exciting chance to be part of Oakland's thriving commercial landscape.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.