About 2124 90th Avenue
32 apartments, mostly townhome style, in two 16-unit, two-story buildings on two parcels (2124 90th Ave and 2125 92nd Ave), built in 1964: 26 two-bedrooms, 5 three-bedrooms and 1 four-bedroom in about 28,000 SF on about 0.64 acres. Gated, with on-site parking and two laundry rooms. City of Oakland soft-story exemption granted in 2024. Subject to a City of Oakland regulatory agreement through 12/2032 (at least 8 units at 80% AMI or below). Market rents run about 26% above in-place rents. In East Oakland off MacArthur Boulevard with quick I-580 access, near Coliseum BART / Amtrak, Eastmont Town Center and Oakland Airport. 11.43% current cap; 13.64% pro forma cap at market rents. Taxes reflect the seller's current welfare exemption; buyer to verify. 100% occupied per the rent roll.
