5-Units | Oakland

Oakland is one of the Bay Area’s most dynamic multifamily investment markets, offering a compelling combination of urban density, regional accessibility, and long-term housing demand. Its central East Bay location provides convenient connections to San Francisco, Berkeley, and other major employment centers through BART, freeway networks, and ferry service. With a large renter population and limited availability of developable land, well-located apartment buildings remain an important part of the city’s housing landscape. The city is composed of distinct neighborhoods, each offering its own investment profile—from established residential districts and walkable commercial corridors to emerging areas experiencing continued reinvestment. Residents are drawn to Oakland’s diverse dining scene, cultural institutions, parks, waterfront amenities, and proximity to major universities and employment hubs. These lifestyle advantages support sustained demand for rental housing across a broad range of unit types and price points. For apartment investors, Oakland presents opportunities to acquire assets with stable in-place income, operational upside, and long-term appreciation potential. Properties with below-market rents, underutilized spaces, deferred maintenance, or renovation potential may offer additional value-creation opportunities, while renovated buildings in transit-oriented locations can appeal to renters seeking convenience and quality housing. Oakland’s scale, neighborhood diversity, and strategic Bay Area location continue to make it a significant market for multifamily ownership. Walk Score: 77 Transit Score: 56 Bike Score: 58Introducing 9833 Walnut Street, a high-yield multifamily investment offering exceptional in-place cash flow with substantial value-add potential. Built in 1963, the property features an outstanding unit mix of (3) one-bedroom/one-bath units, (1) two-bedroom/one-bath units, and (1) three-bedroom/one-bath unit—a diverse mix that appeals to a broad tenant base and supports long-term occupancy. The asset generates nearly $105,000 in annual gross income and is offered at just over an 8.0 GRM, over a 7.0% cap rate, approximately $220 per square foot, and $170,000 per unit. With strong in-place cash flow and a projected 30% upside in rental income translating to approximately 50% upside in NOI, investors have a rare opportunity to acquire an asset that performs on day one while offering significant future growth. Recent capital improvements include a completed earthquake retrofit and a new perimeter fence, reducing future capital expenditure concerns. Additional amenities include covered parking and on-site coin-operated laundry, creating added convenience for tenants and supplemental income for ownership. Well priced relative to today's market fundamentals, 9833 Walnut Street is an ideal acquisition for investors seeking immediate yield, durable cash flow, and meaningful upside through strategic rent growth.