- For Sale $4,496,000
- Property Type Multi-Family
- Property Size 13,677 SF
- Units 21
- Lot Size 0.26 Acre
- Cap Rate % 6.5
- NOI / YR $290,629.00
- # of Floors 2
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1953
- Date Updated Sep 11, 2026
Description
Two well-maintained Oakland multifamily buildings, 21 units in total, offered as a portfolio or individually.
8 Yosemite Avenue is an 11-unit, 7,134 SF three-story building from 1923, one door off the Piedmont Avenue commercial spine — eight 1BR/1BA units, one 1BR/1.5BA and two studios, with on-site laundry owned outright.
2275 Park Boulevard is a 10-unit, 6,543 SF 1953 building at the corner of Park Boulevard and 5th Avenue in Cleveland Heights, a few blocks up from Lake Merritt — two 2BR/1BA units and eight 1BR/1BAs over garage parking, with hardwood floors and updated finishes in recently turned units.
Both sit in walkable, established East Bay rental neighborhoods minutes from Lake Merritt, multiple transit lines and I-580, with 19 of the 21 units occupied and in-place rents below achievable market. Separate offering memorandums are available for each property.
Highlights
- 21 units across two Oakland buildings acquire one or both
- Separate offering memorandums, rent rolls and operating statements available for each property
- Mix weighted to studios and one-bedrooms, the deepest segments of the Oakland rental pool
- Piedmont Avenue and Lake Merritt two of the East Bay's most walkable, durably tenanted neighborhoods
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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
