8117 Ney Ave — Sale in Oakland, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Oakland, CA 94605

Photos

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Investment Figures

Cap rate
6.21%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 8117 Ney Ave, a well maintained 4 unit multifamily property located in Oaklands Eastmont Hills neighborhood. Built in 1947, the property totals approximately 3,277 SF on a 0.22acre lot and is 100% occupied. The unit mix consists of spacious 2 and 3 bedroom units with individually metered gas and electric, master metered water, and gated driveway parking for 4 vehicles. Inplace rents are approximately below market, offering upside potential through future rent growth. Conveniently located near MacArthur Blvd, Eastmont Town Center, public transit, and with easy access to I580 and I880. A solid investment opportunity with stable income in an established East Oakland rental area. Investment Highlights: • Offered at $1,250,000 ($312,500 per unit / $381.45 per square foot), with 100% current occupancy. In-place rents feature a 19% below market, offering a significant value-add opportunity • Constructed in 1947, the property encompasses 3,277 gross square feet across 4 to 5 units. The asset features a desirable unit mix of 2-bedroom and 3-bedroom configurations • With 100% occupancy and stable rental income, 8117 Ney Avenue offers reliable, consistent returns. The asset generates a current Net Operating Income of $77,648 (6.21% cap rate)

Market Context

This multifamily in Oakland, CA is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Oakland, CA — view the full market.

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