broker associate
(415) 710-7284
NREINKE@KW.COM
DRE# 01916819
nathaniel reinke table of contents
executive summary.
financial analysis.
property photos.
aerial photos.
area highlights.
location highlights.
site attractions.
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Keller Williams is pleased to be retained as the exclusive broker for the 3142 Coolidge Avenue Apartments. The subject property is located in the School neighborhood of Oakland, CA.
Built in two phases 1904 and 1993, the 3142 Coolidge Avenue Apartments is located just off of Interstate 580 and Fruitvale Avenue. The property consists of two (2) buildings. The older building is a craftsman duplex and the newer is a fourplex.
Both buildings are built of wood frame construction with wood siding and a mix of vinyl and aluminum windows. Significant structural improvements were made to the older building over the Summer of 2022. The buildings contain approximately 5,997 square feet of livable space set on a lot of approximately 9,240 square feet.
The buildings consist of six (6) units. There are five (5) Three Bedroom One Bath units, of approximately 850 square feet. The last unit is a Five Bedroom Two Bath unit of approx. 1,547 square feet. This unit features the bottom two floors of the duplex.
All of the kitchens feature Formica countertops and laminate flooring. Living spaces feature new plank flooring throughout both buildings. All of the bathrooms contain bathtubs with tiled surrounds with showers, vanities and laminate flooring.
Heat to the duplex is provided via gas wall heaters. Heat to the fourplex is provided via electric wall heaters. All of the units are separately metered for gas and electricity. Each unit contains separate hot water heaters. All units feature in-unit washer and dryers. On-site parking is assigned to each unit. Street parking is also readily available.
The 3142 Coolidge Avenue Apartments offer investors the opportunity to acquire a well situated property with substantial upside. The property is exempt from Oakland’s rent control ordinance as it has a certificate of occupancy from 1993. This property offers 14.53% upside in rents. The front building presents an excellent owner occupy opportunity. Cash on cash day one return of 12.83%. Total return of over 189%. Investors can purchase this property with little deferred maintenance and 100% occupancy.
Price/Unit
Rentable Sq. Feet
Price/Sq Ft
Year Built
Land Area Sq. Feet: Current
financial analysis 02
Administrative (est.)
PG&E (act.)
Water (act.)
Garbage (act.)
Business Tax / Rent Board Fee
Contract Services
Repairs & Maintenance (est.)
PRO FORMA
3142 Coolidge Ave Oakland
3035 School St Oakland
2631 Pleasant St Oakland
3301-3307 35th Ave Oakland
property photos 03
the opportunity
8.96% Cap / 8.13 GRM (Market)
Total Return of 18.02%
Current Rents 14.53% Below Market
Recently Renovated Units
Five Bedroom Owner’s Unit
Low Maintenance Property
Located Close to Schools
Historically High Occupancy
*Source - San Francisco Business Times
common area/ building amenities
Separately Metered for Gas and Electricity
Separate Hot Water Heaters
Security Camera System
On-Site Parking
aerial photos 04
location overview
Oakland is the largest and most established city in the East Bay. It encompasses 52 square miles and offers 19 miles of coastline to the west and beautiful rolling hills to the east. Along with its presence as a major West Coast port, Oakland boasts a well-diversified economy of traditional manufacturing, service, and trade industries enhanced by a strong and rapidly increasing high-technology presence.
Oakland is the largest city in Alameda County and the eighth- largest city in California. From 1990 to 20019, the city’s population rose steadily from 372,250 to an estimated 425,097, equating to an increase of 14.2%.
That figure is projected to reach 435,884 by 2025. The median age of city residents is 34.5 years, with 23.5% of residents within the prime renter age group of 20 to 34 years.
location highlights
• Fruitvale Bart Station is steps away.
• 1-880 & HWY 24/1-980 are less than a 1/2 mile while 1-80 is less than two miles away.
• Many major AC Transit Bus Lines can be found on Foothill Blvd, which borders the property, and International Blvd just a few blocks from the asset.
area highlights school, oakland
School is a neighborhood in Oakland, California with a population of 2,698 School is in Alameda County. Living in School offers residents an urban suburban mix feel and most residents rent their homes. In School there are a lot of restaurants, coffee shops, and parks. Many families and young professionals live in School.
area highlights oakland, california
Oakland is a city in California with a population of 425,097. Oakland is in Alameda County. Living in Oakland offers residents an urban-suburban mix feel and most residents rent their homes. In Oakland, there are a lot of bars, restaurants, coffee shops, and parks. Many families and young professionals live in Oakland.
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Chabot Space & Science Center
local amenities
RESTAURANTS attractions
