The Brooklyn 392 11th St Immeuble residentiel 77 lots 6 002 220 € (77 951 €/Lot) Taux de capitalisation 9,18 % Oakland, CA 94607

392 11th Street | Prime Midtown/Downtown Oakland Location
This exceptional 7-story SRO building presents investors with a rare opportunity to acquire a fully renovated, turnkey asset in the heart of Oakland’s vibrant and growing Midtown district. Located at 392 11th Street, the property is surrounded by a dynamic mix of restaurants, cafes, retail, and entertainment venues, and is just steps from 12th Street BART Station, AC Transit lines, and Downtown Oakland’s commercial core.
With approximately 77 SRO units, 2 ground-floor commercial tenants, and a full basement community center, this building offers both strong in-place cash flow and future upside. The property has undergone significant capital improvements over the past 7 years, including seismic upgrades, full electrical replacement, new flooring, window replacements, and elevator modernization. Each floor features shared kitchens, restrooms, and showers, complemented by modern tenant amenities such as onsite laundry, bike storage, and a basement lounge with ping pong, pool, and theater space.
Situated in one of Oakland’s most walkable and transit-connected neighborhoods, the asset benefits from robust tenant demand and long-term appreciation potential. Zoned for commercial and high-density residential uses, there may also be an opportunity for future redevelopment or expansion.