- For Sale $2,098,000
- Property Type Multi-Family
- Property Size 6,543 SF
- Units 10
- Lot Size 6,970 SF
- Cap Rate % 6.5
- NOI / YR $137,071.00
- # of Floors 2
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1953
- Date Updated Aug 17, 2026
Description
NAI Northern California is pleased to present 2275 Park Blvd, a 10-unit apartment building at the signalized corner of Park Boulevard and 5th Avenue in Oakland's Cleveland Heights neighborhood — a few short blocks up the hill from Lake Merritt.
This is the rare Oakland multifamily offering that asks nothing of its next owner. The interiors are already done: hardwood floors, tile, granite counters, and updated finishes throughout the recently turned units. Nine of ten units are occupied, and the single vacancy is rent-ready and priced to lease at market on day one. There is no repositioning plan to underwrite, no construction budget to defend to a lender, and no deferred-maintenance discount buried in the price.
What the buyer does get is a clean, quantifiable path to higher income.
Highlights
- Truly turnkey hardwood, tile, granite counters, updated finishes; no renovation budget to underwrite
- Priced below comp average $209,800/unit vs. $230,167/unit across six recent neighborhood sales
- Efficient unit mix 81BR + 22BR targeting Oakland's deepest rental demand
- Blocks from Lake Merritt Park Blvd caf corridor at the doorstep, Grand Lake minutes away
- Commuter-friendly transit on Park Blvd, immediate I-580 access
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Contacts
NAI Norcal
Location
Located at 2275 Park Blvd, Oakland, CA 94606, this property is part of the Cleveland Heights neighborhood and Bay Area market.
NAI Norcal
