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Listed by Alina Siert • KW Advisors, DRE#01893238
$ 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 Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 24,789 sqft
Price per Sqft $322
MLS Listing ID ML82064244
Year Built 1928
Lot Size 10,019 Sqft
Property Sub-Type Five or More Units
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 / 8.25% pro forma cap. All four: 7.69% / 7.80%. Motivated ownership: all offers reviewed; Q4 2026 close preferred. Existing financing in place; contact the listing agent for details.
Location
State CA
County Alameda
Zoning C-30
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Garage Spaces 43.0
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 026-0738-004
Security Features Other
Special Listing Condition Not Applicable
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