Investment Overview
8 Yosemite Avenue is a charming, well-maintained three-story multifamily asset in Oakland's highly desirable Piedmont Avenue neighborhood. Built in 1923, the property comprises 11 units across 7,134 square feet. The building features a thoughtfully diversified unit mix of eight 1-bedroom/1-bathroom units, one 1-bedroom/1.5-bathroom unit, and two studio/1-bathroom units.
The asset exemplifies quality ownership and value-add execution. On-site washer/dryer amenity is owned. The property sits on a 4,443 SF lot, offering solid density in a low-rise, walkable neighborhood setting.
Investment Highlights
- Piedmont Avenue Address — One building off the Piedmont Avenue commercial spine, among the East Bay's most walkable and durably tenanted residential neighborhoods
- Rents Below Market — In-place income trails achievable rents, leaving a new owner room to mark to market without repositioning the asset
- Diversified Unit Mix — Predominantly one-bedrooms with two studios and a 1BR/1.5BA, spreading exposure across the deepest segments of the local rental pool
- Owned On-Site Laundry — Washer/dryer owned outright rather than a leased third-party contract, simplifying turns