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2300 Fruitvale Ave

Oakland, CA 94601
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Bed 0

Bed

Bath 0

Bath

SqFt6,800

Sqft(Lot)

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 un its 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,800,000

AD Id : 90901612

MLS Id : 41146742

Lot Size : 6,800 Sqft

Tax Amount : 25920.00

Year Built : 1928

County : Alameda

Subdivision: Park Manor

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Feature Features

  • Interior Features

    Appliances: Dryer, Washer
  • Heating & Cooling

    Has Heating: Yes Has Cooling: Yes

  • Building Information

    Year Built: 1928
    Construction Materials: Stucco
    Private Pool: No

  • Lot Information

    Main Square Feet: 6800 Lot Size Acres: 0.1561 Lot Size Square Feet: 6,800 Lot Description: CornerLot,StreetLevel

    Property Information

    Subdivision: FRUITVALE Source Property Type: ResidentialIncome Property Age: 98

  • Listing Price Information

    Listing Price: $1800000

  • Tax Information

    Parcel Number: 2783945 Annual Tax: $25920

  • Parking Information

    Parking Total: 5

  • Location Information

    Direction: Cross Street: E 23rd St.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
40th Avenue, Oakland, CA, 94601 $499,999 2 2 1,138 --
Harrington Avenue, Oakland, CA, 94601 $499,000 2 1 917 4,900.50 Sqft
Crittenden Street, Oakland, CA, 94601 $839,000 3 3 2,146 6,451.24 Sqft
2715 High, Oakland, CA, 94601 $635,000 2 1 1,258 4,240 Sqft
Harrington Avenue, Oakland, CA, 94601 $549,000 2 1 917 --
Hilton St, Oakland, CA, 94601 $499,000 3 2 1,233 --
2569 Maxwell Ave, Oakland, CA, 94601 $879,000 3 2 1,674 3,760 Sqft
2549 Monticello Av, Oakland, CA, 94601 $659,000 3 1 1,068 3,502 Sqft
4822 Gordon St, Oakland, CA, 94601 $898,000 3 3 1,508 3,300 Sqft
2469 Potter St, Oakland, CA, 94601 $749,000 3 4 1,833 3,366 Sqft

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ByOwner last updated this listing 09/04/2026 @ 07:58

MLS: 41146742 LISTED BY: Scott Piper, EXP Realty of California, Inc 888-584-9427 SOURCE: CRMLS

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