REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Kevin Kieffer

kevin@eastbaypro.com +1(925) 300-8000

Listed by EXP Realty of California, Inc

$ 1,800,000

Est. payment | -/mo

5,200 SqFt

Save

$ 1,800,000

Est. payment | -/mo

Save

5,200 SqFt

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $346

Subdivision Fruitvale

MLS Listing ID 41146742

HOA Y/N No

Year Built 1928

Lot Size 6,800 Sqft

Property Sub-Type 5 or More Units

Source BAY EAST

Property Description

Eight-unit multifamily asset, two buildings on a 6,800 SF corner lot in Oakland, offered at $1.8M. Executable pro forma cap rate of 9.2% at full stabilization. Two of the eight units are finished to a standard this submarket does not typically produce: large-format slate tile, ductless mini-split climate control, in-unit LG washer/dryer, quartz and marble kitchens with Samsung appliances and wine refrigerator, and bathrooms built to a boutique-hotel spec; floor-to-ceiling wood-grain tile, frameless glass showers, floating black vanities, black fixtures throughout. Mature Italian cypress and custom iron fencing frame the corner exterior; keyfob-secured gates front and rear, enclosed parking, and a built-in package drop complete a presence uncommon for the asset class. The remaining six units carry a documented path to increased rents: $75,000 refurbishment investment per unit, ($450,000 total), converting current monthly rent of $12,999.88 to a market monthly rent of $21,510 with all units upgraded. Each completed "proof" unit has produced a 19–23% coupon return on invested capital — the work is not projected, it is documented and replicated. (See Offering Memorandum for more detail) 2300 Fruitvale is Building 1 of the 6 building Excedente Portfolio, that is dramatically outperforming the market, in demographic & landscape changing Oakland. This is not a forward-looking market story — it is already on the ground. Jeff Bezos' Project Prometheus, an AI manufacturing venture valued at $41 billion, signed a 100,000 SF lease at the former American Steel complex on Mandela Parkway in West Oakland. Tesla signed roughly 40,000 SF at the same campus days later. Behring Capital separately proposed converting a downtown Oakland office tower into an AI data center anchoring a 1.3M SF innovation campus. All three moves landed within the same two-week span in August 2026 — signed leases and active filings, not proposals under review. San Francisco's median two-bedroom rent crossed $6,000 a month for the first time in mid-2026. Oakland's median sits at $2,640 — a $3,380 monthly gap, while Oakland apartment vacancy has compressed from 9.7% in late 2023 to 4.1% today. The workforce priced out of San Francisco is relocating to Oakland. This asset is the EXACT product the young AI workforce is looking for, priced and renovated at today's Oakland numbers; before either move finishes. The question is whether you want to be positioned before or after the lag closes.

Location

State CA

County Alameda

Interior

Heating MultiUnits

Cooling Multi Units

Flooring Tile

Fireplace No

Window Features Double Pane Windows,Window Coverings

Appliance Dishwasher, Disposal, Free-Standing Range, Microwave, Refrigerator, Dryer, Washer

Laundry Dryer, In Unit, Washer, Cabinets

Building

Lot Description Corner Lot, Level

Water Public

"We would love to put our experience and successful track record to work for you. Top 1% in California" Kevin & Naomi Kieffer Compass Homes@EastBayPro.com or M. 925-300-8000"

+1(925) 300-8000

kevin@eastbaypro.com

1646 N California Blvd, Walnut Creek, CA 94596, USA

GET MORE INFORMATION

Name

Email*

Phone*

Message

QUICK SEARCH

2300 Fruitvale Ave Oakland, CA 94601

Kevin Kieffer

Key Details

Location

Interior

Building

GET MORE INFORMATION

Go tour this home

2300 Fruitvale Ave