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Listed by KW Advisors
$ 7,995,000
Est. payment | /mo
24,789 SqFt
$ 7,995,000
Est. payment | /mo
24,789 SqFt
Open House
Fri Oct 16, 1:30pm - 3:30pm
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 24,789 sqft
Price per Sqft $322
MLS Listing ID ML82064244
HOA Y/N No
Year Built 1928
Lot Size 10,019 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Offered with 2624 Foothill Blvd as a same-block pair at $14,990,000 (81 units), or with all four buildings of the 181-unit Fruitvale Portfolio at $33,486,000; not sold individually. Kensington Gardens, 1900 26th Avenue: 41 apartments plus a separate parcel with 45 garages. Three-story building built in 1928 and rehabilitated after a 2023 fire, with new electrical and plumbing: 24 studios, 13 one-bedrooms and 4 two-bedrooms in about 31,889 SF. Separately metered; video surveillance. Subject to a City of Oakland regulatory agreement through 3/2034 (at least 10 units at 80% AMI or below). Property taxes reflect a stated waiver of ad valorem taxes; buyer to verify. Pro forma market rents run about 16% above in-place rents. About 0.7 mi from Fruitvale BART and Fruitvale Village. East Block pair: 7.87% current / 8.32% pro forma cap. All four: 7.69% current / 7.61% pro forma cap. Motivated ownership: all offers reviewed; Q4 2026 close preferred.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Handicap Access Other
Nearby Locations
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