Description

Offered with 2624 Foothill Blvd as a same-block pair at $14,990,000 (81 units), or with all four buildings of the 181-unit Fruitvale Portfolio at $33,486,000; not sold individually. Kensington Gardens, 1900 26th Avenue: 41 apartments plus a separate parcel with 45 garages. Three-story building built in 1928 and rehabilitated after a 2023 fire, with new electrical and plumbing: 24 studios, 13 one-bedrooms and 4 two-bedrooms in about 31,889 SF. Separately metered; video surveillance. Subject to a City of Oakland regulatory agreement through 3/2034 (at least 10 units at 80% AMI or below). Property taxes reflect a stated waiver of ad valorem taxes; buyer to verify. Pro forma market rents run about 16% above in-place rents. About 0.7 mi from Fruitvale BART and Fruitvale Village. East Block pair: 7.87% current / 8.25% pro forma cap. All four: 7.69% / 7.80%. Motivated ownership: all offers reviewed; Q4 2026 close preferred. Existing financing in place; contact the listing agent for details.