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1240 E 15th St
Oakland, CA 94606 East Lake

$825,000 USD

Apartments For Sale  •  6,000 SF

Property Details

• Property Type Apartments
• Total Building Size 6,000 SF
• Lot Size 0.14 AC
• Building Class C
• Year Built 1944
• Cap Rate 6.15 %

57 Transit Score

92 Walk Score

Highlights

Welcome to an exceptional investment opportunity at 1240-1248 E 15th St, a well maintained 4-unit building

Boasting a solid cap rate and occupied by vetted tenants, this asset delivers immediate stability and consistent rental income.

The property is thoughtfully designed with an open lot offering valuable off-street parking—a coveted feature that ensures tenant satisfaction

Recently landscaped to perfection, the property presents an inviting and well-kept exterior that sets the tone for the entire building.

Given the strong demand in the area and the potential for market rent growth, the property offers significant upside.

Currently fully leased, any future vacancy would present an opportunity to increase rental income by adjusting rents to prevailing market rates

Property Flyers

1240 -1248 E 15th St - Oakland, CA - OM

Cap Rate:

6.15 %

Amenities

• 24 Hour Access
• Controlled Access
• Kitchen
• Oven
• Sprinkler System
• Tub/Shower
• Patio
• Public Transportation
• Walk-Up
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Oakland (Capitol Corridor - Amtrak, Coast Starlight - Amtrak, San Joaquins - Amtrak)	4 min	-	1.9 mi
Emeryville (California Zephyr - Capitol Corridor Joint Powers Authority, Capitol Corridor - Capitol Corridor Joint Powers Authority, Coast Starlight - Capitol Corridor Joint Powers Authority, San Joaquins - Capitol Corridor Joint Powers Authority)	11 min	-	6.9 mi
Airport	Drive	Walk	Distance
Metro Oakland International	12 min	-	7.7 mi
San Francisco International	38 min	-	25.1 mi