The Calvillo Group of NAI Northern California is pleased to present for sale 6106-6108 Hilton St, located in the quiet and peaceful Seminary neighborhood of East Oakland. This unique investment opportunity offers 72% upside in rents, established with two units leased at $2,200 per month. The property offers an attractive price per-unit, price-per-square-foot, and market cap rate of 9.53%. Built in 1964, the two 8-unit buildings combine for a total of 16 2-bed, 1-bath units; 13,935 SF of space; and a lot size of 23,081 SF.

The current ownership has undertaken a partial repositioning of the property, turning over and updating two of the 16 units with new flooring throughout, updated bathrooms, and updated kitchens with new stainless steel appliances, cabinetry, and fresh paint. After the submission of multiple applications, these two units were each recently leased out at $2,200 per month, establishing $2,200 as the market rate for this property. The 14 remaining units are on month-to-month leases with a current rent roll 72% below market.

Significant exterior improvements, including new paint, repairs, and an attractive wooden fence, have increased the property's curb appeal and desirability for tenants to lease at market rents. Amenities include on-site laundry, 18 surface spaces (8 covered/10 uncovered), and a gate with 24-hour remote-control access.