Offered for sale as a single asset, Eastlake Apartments (2505 10th Ave) is a rare 35‑unit, market‑rate portfolio in one of Oakland’s most connected residential corridors. Built in 1957 and composed of three low‑rise buildings totaling 23,750 SF on a 0.54‑acre lot, the property delivers a pragmatic owner‑operator acquisition with immediate cashflow and practical value‑add potential.
The unit mix—29 one‑bed/1‑bath, 5 two‑bed/1‑bath and 1 studio—is tenant-friendly and well‑suited to workforce renters commuting to downtown Oakland, Emeryville and San Francisco. The asset is delivered with 31 on‑site parking spaces, secured access entry, on‑site laundry and individually metered gas and electric, which minimize owner utility exposure and simplify turn management. Many units feature mostly dual‑pane windows and several offer partial views of downtown Oakland.
The listing price of $6,250,000 equates to approximately $178,600 per unit and $263 per SF—positioning Eastlake as an attractive buy for local multifamily investors and regional private equity groups seeking scale in Oakland without the premium of newer construction. Operational upside exists through modest interior upgrades, lease re‑pricing where market rent concessions have been used, and continued management efficiencies.
Location is a key asset: the property sits within easy reach of Lake Merritt, downtown Oakland and Jack London Square, with straightforward access to I‑880 and I‑580 and multiple transit options (local buses and regional BART within a short drive). Whether you are an owner/operator targeting stabilized returns or a buyer pursuing a value‑add roll, Eastlake presents immediate cashflow with clear pathways to enhance net operating income.
Contact listing broker Steven Peterson at Infinity Investments for the offering memorandum, rent roll, and to schedule a property tour. Buyer to verify all information; rent roll and financials available under NDA.