1757 26th Avenue, Oakland, CA 94601

Property Description

Offered with 2555-2567 Foothill Blvd as a same-block pair at $18,496,000 (100 units), or with all four buildings of the 181-unit Fruitvale Portfolio at $33,486,000; not sold individually. Kensington Plaza, 1757 26th Avenue: 39 apartments in a three-story Marina-style building built in 1928: 9 studios, 16 one-bedrooms and 14 two-bedrooms in about 25,447 SF on a 10,951 SF lot. About 80% of the units have been renovated, with updated kitchens and baths, newer windows and flooring. Lifetime GAF roof warranty, separately metered gas and electric, on-site laundry. City of Oakland soft-story exemption approved in 2025. Pro forma market rents run about 6% above in-place rents. About 0.7 mi from Fruitvale BART and Fruitvale Village. West Block pair: 7.54% current / 7.03% pro forma cap. All four: 7.69% current / 7.61% pro forma cap. Motivated ownership: all offers reviewed; Q4 2026 close preferred.