2300 Fruitvale Ave, Oakland, CA 94601
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
2300 Fruitvale Ave,Oakland, CA 94601
$1,800,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: scott piper
Office: exp realty of california, inc888-584-9427
MLS#:41146742
Source:CRMLS
Price summary
- Price:$1,800,000
About this home
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 units 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....
Contact an agent
Home facts
- Year built:1928
- Subdivision & Development:FRUITVALE
- Listing ID #:41146742
- Added:73 day(s) ago
- Updated:November 13, 2026 at 12:59 PM
Structure and exterior
- Year built:1928
- Lot area:0.16 Acres
- Lot Features:Corner Lot, Street Level
- Construction Materials:Stucco
Finances and disclosures
- Price:$1,800,000
- Tax amount:$25,920
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:5
New listings near 2300 Fruitvale Ave
- Coming Soon
$3,000,000Coming Soon6 beds 5 baths3,766 sq. ft.27 Bell Waver Way, Oakland, CA 94619
MLS# 41153709Listed by: COMPASS - Coming Soon
$1,595,000Coming Soon4 beds 3 baths3,013 sq. ft.22 Tiffany Lane, Oakland, CA 94611
MLS# 41153652Listed by: KW ADVISORS EAST BAY - Coming Soon
$598,000Coming Soon3 beds 2 baths1,188 sq. ft.1409 29th, Oakland, CA 94601
MLS# 41153463Listed by: WR PROPERTIES - Coming Soon
$1,139,000Coming Soon3 beds 2 baths2,210 sq. ft.350 Elysian Fields Dr, Oakland, CA 94605
MLS# 41153475Listed by: INTERO REAL ESTATE SERVICES - Coming Soon
$599,000Coming Soon1 beds 2 baths945 sq. ft.222 Broadway #605, Oakland, CA 94607
MLS# 41153237Listed by: VANGUARD PROPERTIES - Coming Soon
$995,000Coming Soon4 beds 2 baths1,917 sq. ft.5829 Racine St, Oakland, CA 94609
MLS# 41152927Listed by: COMPASS - Coming Soon
$415,000Coming Soon3 beds 1 baths1,235 sq. ft.1725 64th Ave, Oakland, CA 94621
MLS# 41153356Listed by: STATEMENT PROPERTIES, LLC - Coming Soon
$1,300,000Coming Soon3 beds 2 baths2,695 sq. ft.6001 Bruns Court, Oakland, CA 94611
MLS# 41152559Listed by: CENTURY 21 MASTERS - Coming Soon
$998,000Coming Soon3 beds 2 baths1,787 sq. ft.6869 Simson St, Oakland, CA 94605
MLS# 41152537Listed by: EXP REALTY OF CALIFORNIA, INC - Coming Soon
$489,000Coming Soon2 beds 1 baths1,029 sq. ft.1905 69th Ave, Oakland, CA 94621
MLS# 41152240Listed by: TRUNG BUI, BROKER